Yum! (YUM) Reports 26% Rise in Q4 Profit, China Comps Look Strong
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Price: $152.99 +0.43%
Financial Fact:
Net Income – including noncontrolling interests: 335M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Net Income – including noncontrolling interests: 335M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Yum! Brands (NYSE: YUM) reported results for the company's Q4 this afternoon. The stock is up 3.6% to $49.43 today.
The operator of Taco Bell, Pizza Hut and KFC saw quarterly adjusted-EPS grow 26% from 50 cents during the same quarter last year to 63 cents in the latest quarter. Sales rose nearly 6% from $3.365 billion to $3.562 billion.
Yum! beat the Street on both earnings and sales; analysts were looking for EPS of 60 cents on sales of $3.5 billion.
Same-store sales, the revenue of restaurants open at least one year, was up 5% in the US and in China, probably Yum!'s most important market, comps were up a solid 8%.
Yum!'s Chairman and CEO, David Novak, said, "I’m pleased to report that 2010 was perhaps our best year as a public company. We finished the year with a strong fourth quarter that resulted in 27% EPS growth, excluding special items. We delivered 17% full year EPS growth, making 2010 the ninth consecutive year we exceeded our annual target of at least 10%. I’m particularly pleased that performance was driven by an impressive 15% increase in operating profit, before currency translation, including gains across all of our business divisions."
UPDATE: Click here to see some highlights from Yum!'s Q4 conference call.
The operator of Taco Bell, Pizza Hut and KFC saw quarterly adjusted-EPS grow 26% from 50 cents during the same quarter last year to 63 cents in the latest quarter. Sales rose nearly 6% from $3.365 billion to $3.562 billion.
Yum! beat the Street on both earnings and sales; analysts were looking for EPS of 60 cents on sales of $3.5 billion.
Same-store sales, the revenue of restaurants open at least one year, was up 5% in the US and in China, probably Yum!'s most important market, comps were up a solid 8%.
Yum!'s Chairman and CEO, David Novak, said, "I’m pleased to report that 2010 was perhaps our best year as a public company. We finished the year with a strong fourth quarter that resulted in 27% EPS growth, excluding special items. We delivered 17% full year EPS growth, making 2010 the ninth consecutive year we exceeded our annual target of at least 10%. I’m particularly pleased that performance was driven by an impressive 15% increase in operating profit, before currency translation, including gains across all of our business divisions."
UPDATE: Click here to see some highlights from Yum!'s Q4 conference call.
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