UPDATE: Yum! Brands, Inc. (YUM) Tops Q4 EPS by 1c
Tweet
Share
E-mail
Get Alerts YUM Hot Sheet
Price: $141.81 --0%
Revenue Growth %: +3.6%
Financial Fact:
Company restaurant expenses: 2.15B
Today's EPS Names:
DGICA, UXIN, TOWN, More
Revenue Growth %: +3.6%
Financial Fact:
Company restaurant expenses: 2.15B
Today's EPS Names:
DGICA, UXIN, TOWN, More
Join SI Premium – FREE
(Updated - February 4, 2013 4:51 PM EST)
Yum! Brands, Inc. (NYSE: YUM) reported Q4 EPS of $0.83, $0.01 better than the analyst estimate of $0.82. Revenue for the quarter came in at $4.15 billion versus the consensus estimate of $4.12 billion.
In the quarter, same-store sales grew 3% at YRI and 3% in the U.S. Same-store sales declined 6% in China.
Commenting on its 2013 outlook, the firm notes: We are confident the YRI and U.S. businesses will deliver annual operating profit growth consistent with our ongoing growth model. Given current uncertainties related to KFC sales in China, it is difficult to confidently forecast our overall financial performance. We have made the assumption that KFC China same-store sales will improve as the year progresses and will be positive in the fourth quarter. With these assumptions, we estimate a mid-single digit EPS decline in 2013 versus prior year, excluding Special Items. This includes an expectation for a significant decline in EPS performance in the first half of the year followed by EPS growth in the second half.
The first quarter for our China business includes only the months of January and February and is highly impacted by consumer spending during the Chinese New Year holiday. The timing of this holiday changes each year. This year it is important to note that while the timing impact of Chinese New Year is neutral to our first quarter, there is a significant negative impact to January sales and a corresponding significant benefit to February sales due to the timing of this week-long holiday. We expect that the underlying performance of our China business will remain relatively unchanged for the balance of the first quarter, with a same-store sales decline of approximately 25% for January and February combined (China’s first quarter).
For earnings history and earnings-related data on Yum! Brands, Inc. (YUM) click here.
Yum! Brands, Inc. (NYSE: YUM) reported Q4 EPS of $0.83, $0.01 better than the analyst estimate of $0.82. Revenue for the quarter came in at $4.15 billion versus the consensus estimate of $4.12 billion.
In the quarter, same-store sales grew 3% at YRI and 3% in the U.S. Same-store sales declined 6% in China.
Commenting on its 2013 outlook, the firm notes: We are confident the YRI and U.S. businesses will deliver annual operating profit growth consistent with our ongoing growth model. Given current uncertainties related to KFC sales in China, it is difficult to confidently forecast our overall financial performance. We have made the assumption that KFC China same-store sales will improve as the year progresses and will be positive in the fourth quarter. With these assumptions, we estimate a mid-single digit EPS decline in 2013 versus prior year, excluding Special Items. This includes an expectation for a significant decline in EPS performance in the first half of the year followed by EPS growth in the second half.
The first quarter for our China business includes only the months of January and February and is highly impacted by consumer spending during the Chinese New Year holiday. The timing of this holiday changes each year. This year it is important to note that while the timing impact of Chinese New Year is neutral to our first quarter, there is a significant negative impact to January sales and a corresponding significant benefit to February sales due to the timing of this week-long holiday. We expect that the underlying performance of our China business will remain relatively unchanged for the balance of the first quarter, with a same-store sales decline of approximately 25% for January and February combined (China’s first quarter).
For earnings history and earnings-related data on Yum! Brands, Inc. (YUM) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bristol-Myers Squibb (BMY) stock slips despite earnings beat
- Altria (MO) delivers in-line earnings, revenue in Q1; shares slightly up
- The Shyft Group (SHYF) Tops Q1 EPS by 10c ; Offers Guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
