Yum! Brands Reports Second-Quarter Results; Record 603 Net-New Units; Digital System Sales of Over $5 Billion; Same-Store Sales Growth of 23%; Reinstates Long-Term Growth Algorithm with Raised Unit Gu

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Go back to Yum! Brands Reports Second-Quarter Results; Record 603 Net-New Units; Digital System Sales of Over $5 Billion; Same-Store Sales Growth of 23%; Reinstates Long-Term Growth Algorithm with Raised Unit Gu

Yum! Brands (YUM) PT Raised to $134 at Cowen

July 29, 2021 6:08 PM EDT

Cowen analyst Andrew M. Charles raised the price target on Yum! Brands (NYSE: YUM) to $134.00 (from $117.00) while maintaining a Market Perform rating.

The analyst commented, "We are pleased with Yum's 2Q performance and the confidence to reinstate long term guidance + raise long term... More

Yum! Brands (YUM) Tops Q2 EPS by 21c

July 29, 2021 7:03 AM EDT

Yum! Brands (NYSE: YUM) reported Q2 EPS of $1.16, $0.21 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.48 billion. Worldwide system sales excluding foreign currency translation grew 26%, with 23% same-store sales and 2% unit growth.

David Gibbs, CEO,... More