Yum! Brands (YUM) PT Raised to $92 at Nomura on Q1 EPS Beat Driven by KFC China
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Yum! Brands Reports Core Operating Profit Growth of 21% in First Quarter 2016; Raises Full-Year Core Operating Profit Growth Guidance to 12%
April 20, 2016 4:15 PM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today reported results for the first quarter ended March 19, 2016, including EPS of $0.95 excluding Special Items. On a reported basis, EPS was $0.93 and operating profit growth was 12%.
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Core operating profit growth and core operating margin growth figures exclude foreign currency translation and Special Items.
FIRST-QUARTER HIGHLIGHTS
Worldwide system sales increased 5%.... More