Jefferies Reiterates Hold on Yum! Brands (YUM) Following 2Q Results
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Yum! Brands Reports Second-Quarter EPS of $0.69, a Decline of 5%, Excluding Special Items; Expects Strong Second Half in China; Reconfirms 2015 Full-Year EPS Growth of at least 10%
July 14, 2015 4:10 PM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today reported results for the second quarter ended June 13, 2015, including EPS of $0.69, excluding Special Items. Reported EPS was $0.53.
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SECOND-QUARTER HIGHLIGHTS
Worldwide system sales grew 3%. Worldwide restaurant margin was even at 15.5%, and worldwide operating profit decreased 1%. Total international development was 291 new restaurants;... More