Goldman Sachs Shocked by Magnitude of Yum! Brands' (YUM) China Decline, Rating Under Review
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UPDATE: Goldman Sachs Downgrades Yum! Brands (YUM) to Neutral on China SSS Plunge
February 5, 2013 12:55 PM EST(Updated - February 5, 2013 1:09 PM EST)
Goldman Sachs downgraded Yum! Brands (NYSE: YUM) from Buy to Neutral following today's conference call following Q4 results and weak China SSS results. The firm lowered its price target from $77 to $63.
The downgrade comes... More
Baird Downgrades Yum! Brands (YUM) to Neutral
February 5, 2013 6:39 AM ESTBaird downgraded Yum! Brands (NYSE: YUM) from Outperform to Neutral with a price target of $60.00 (from $72.00) following Q4 results and outlook after the close.
For an analyst ratings summary and ratings history on Yum! Brands... More
YUM! Brands (YUM) Q4 Solid but Stock Hit as China Poultry Scare Fears Materialize
February 4, 2013 5:42 PM ESTYum! Brands, Inc. (NYSE: YUM) stock was hit late on Monday after it reported Q4 results. Recently investors worried contaminated chicken in China would result in a dramatic decrease in Q4 comps. Sure enough, comps sank and guidance was noticeably week.
Revenue in Q4 totaled $4.15 billion, slightly ahead of estimates of $4.12 billion. EPS came in... More
UPDATE: Yum! Brands, Inc. (YUM) Tops Q4 EPS by 1c
February 4, 2013 4:48 PM EST(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... More
