Yum! Brands Reports Core Operating Profit Growth of 21% in First Quarter 2016; Raises Full-Year Core Operating Profit Growth Guidance to 12%
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Yum! Brands (YUM) PT Raised to $80 at Jefferies
April 22, 2016 7:54 AM EDTJefferies analyst Andy Barish raised his price target on Yum! Brands (NYSE: YUM) to $80.00 (from $75.00) on SOTP but maintained a Hold rating.
Barish commented, "KFC China had a strong Chinese New Year-influenced 1Q driven by new Bucket promos and good margin... More
Yum! Brands (YUM) PT Raised to $92 at Nomura on Q1 EPS Beat Driven by KFC China
April 21, 2016 6:45 AM EDTNomura Securities analyst Mark Kalinowski reiterated a Buy rating and boosted his price target on Yum! Brands (NYSE: YUM) to $92.00 (from $82.00) following its Q1 beat driven by KFC china.
Kalinowski commented, "After Wednesday's market close, YUM! Brands (YUM US; Buy) reported Q1 EPS of... More
Yum! Brands (YUM) Tops Q1 EPS by 12c; Raises Outlook
April 20, 2016 4:17 PM EDTYum! Brands (NYSE: YUM) reported Q1 EPS of $0.95, $0.12 better than the analyst estimate of $0.83. Revenue for the quarter came in at $2.62 billion versus the consensus estimate of $2.66 billion.
The company raised its 2016 core operating profit growth guidance to 12%, from 10% previously.
Highlights from the quarter:
Worldwide system sales increased 5%.Worldwide same-store sales increased 2%.Worldwide core operating profit increased 21%.EPS... More