Yum! Brands (YUM) Slammed 18% on Miss, Cut Outlook

Jefferies Cuts Price target on Yum! Brands (YUM) to $71 Following 3Q

Jefferies maintained a Hold rating on Yum! Brands (NYSE: YUM), and cut the price target to $71.00 (from $80.00), following the company's 3Q reports. 3Q CC provided color on China's SSS and profitability outlook. Jefferies continues to see challenges on returning China to its historical financial & growth... More

RBC Capital Cuts Price Target on Yum! Brands (YUM) Following 3Q Results

RBC Capital maintained a Top Pick rating on Yum! Brands (NYSE: YUM), and cut the price target to $80.00 (from $103.00), following the company's 3Q results. The primary cause of RBC Capital's 20pp reduction in 2016e EPS is the major deceleration in China Pizza Hut sales... More

Yum! Brands (YUM) Raises Quarterly Dividend 12.2% to $0.46; 2.2% Yield

Yum! Brands (NYSE: YUM) declared a quarterly dividend of $0.46 per share, or $1.84 annualized. This is a 12.2% increase from the prior dividend of $0.41.

The dividend will be payable on February 11, 2010, to stockholders of record on October 16, 2015, with an ex-dividend date of October 14,... More

Yum! Brands (YUM) Misses Q3 EPS by 7c; Cuts FY15 EPS Growth Outlook

Yum! Brands (NYSE: YUM) reported Q3 EPS of $1.00, $0.07 worse than the analyst estimate of $1.07. Revenue for the quarter came in at $3.43 billion versus the consensus estimate of $3.68 billion.

Worldwide system sales grew 6%. Worldwide restaurant margin increased 3.3 percentage points to 18.2%, and worldwide operating profit increased 23%.

China comps rose 2.6 percent, versus 9.6 percent growth expected.

FULL-YEAR CHINA SALES AND EPS UPDATE

While it remains difficult to forecast China sales, we are now estimating full-year same-store sales to be low-single-digit negative. For the fourth quarter, this assumes mid-single-digit same-store... More