Yum! Brands (YUM) Moves Higher as Q3 Improvements Drives EPS Earning Beat

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Price: $70.16 +0.76%

Revenue Growth %: -7.3%

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Franchise and license fees and income: 436M

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Shares of Yum! Brands (NYSE: YUM) moved higher in after-hours trading on Tuesday following the release of the company's third-quarter earnings. Highlights from the company earnings report include strong sales in its international division, with 22 percent sales growth in China.

Overall, revenue for the quarter came in at $3.57 billion, a bit lower than estimates of $3.64 billion. In 2011, the Yum! reported revenue of $3.27 billion. This is an increase of 9 percent. Year-to-date, sales are 11 percent higher than in 2011.

Yum! Brands reported earnings of 99 cents, 2 cents better than estimates and 19 percent higher than last year, as worldwide margins improved 1.9 percent. Year-to-date, earnings have improved 14 percent.

"We expect 2012 to be our eleventh consecutive year of delivering at least 13% EPS growth, prior to Special Items," David C. Novak, Chairman and CEO. He expects Yum! will to deliver at least 10% EPS growth in 2013 and "well into the future."

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