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Yum! Brands (NYSE: YUM) reported Q3 EPS of $0.80, $0.14 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.34 billion.
THIRD-QUARTER HIGHLIGHTS
Worldwide system sales excluding foreign currency translation grew 8%, with KFC at 8%, Pizza Hut at 7% and Taco Bell at 7%. Adjusting the prior year base to include Telepizza, system sales growth excluding foreign currency translation would have been 6% worldwide and 2% for the Pizza Hut Division.We opened 389 net units in the quarter. On a year-over-year basis,... More
