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Nomura Securities Raises Price Target on Yum! Brands (YUM) Following 2Q Release
July 14, 2016 10:13 AM EDTNomura Securities reiterated a Buy rating on Yum! Brands (NYSE: YUM), and raised the price target to $96.00 (from $95.00), following the company's 2Q earnings report. YUM reported EPS of $0.75, $0.01 above the $0.74 consensus. Management also commented that "we remain on track to finalize the... More
Oppenheimer Reiterates Outperform on Yum! Brands (YUM) Following 2Q Results
July 14, 2016 9:43 AM EDTOppenheimer reiterated an Outperform rating and $93.00 price target on Yum! Brands (NYSE: YUM) following the company's 2Q earnings report. Yum reported adjusted EPS of $0.75, a penny ahead of consensus. Each segment was essentially in line, except for KFC, which was light. This was... More
Yum! Brands (YUM) Tops Q2 EPS by 1c; China Comps Growth Inline with Views
July 13, 2016 4:16 PM EDTYum! Brands (NYSE: YUM) reported Q2 EPS of $0.75, $0.01 better than the analyst estimate of $0.74. Revenue for the quarter came in at $3.01 billion versus the consensus estimate of $3.07 billion.
China comps rose 3 percent, which was flat with expectations.
SECOND-QUARTER HIGHLIGHTS
Opened 373 new restaurants worldwide; 72% of international development occurred in emerging markets.On track to finalize China separation with targeted completion date around October 31, 2016.Foreign currency translation negatively impacted operating profit by $16 million.... More