Yum! Brands (YUM) Conf. Call Comments Suggest Sequential Improvement in China, RBC Capital Says

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Go back to Yum! Brands (YUM) Conf. Call Comments Suggest Sequential Improvement in China, RBC Capital Says

Yum! Brands (YUM) PT, Estimates Lifted at RBC Capital as China Recovery Underway

April 23, 2015 6:29 AM EDT

RBC Capital analyst David Palmer raised his price target on Yum! Brands (NYSE: YUM) to $93.00 (from $90.00) following Q1 results, saying a recovery in China is underway. The firm maintained a Top Pick rating.

"We are raising our price target and EPS estimates... More

Yum! Brands (YUM) Tops Q1 EPS by 8c; China Comps Fell 6%, ex. FX

April 21, 2015 4:11 PM EDT

Yum! Brands (NYSE: YUM) reported Q1 EPS of $0.80, $0.08 better than the analyst estimate of $0.72. Revenue for the quarter came in at $2.62 billion versus the consensus estimate of $2.64 billion.

Worldwide system sales grew 4%. Worldwide restaurant margin decreased 1.7 percentage points to 17.5%, and worldwide operating profit decreased 8%.

Greg Creed, CEO, said While EPS declined in the first quarter, Im pleased with the strong performance from our KFC and Taco Bell Divisions, as well as the continued progress we are making in China. Im confident we will deliver full-year EPS growth of at... More