Yum! Brands, Inc. (YUM) Tops Q2 EPS by 2c
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Yum! Brands (YUM) China Q4 Guidance 'Aggressive'
July 11, 2013 12:48 PM EDTGoldman Sachs today maintained a Neutral rating on Yum! Brands (NYSE: YUM) and boosted its price target to $72.00 (from $68.00). The change follows Q2 results yesterday. The report showed June same-store sales declined an estimated 10% for the China Division, improving from a 19% decline in May. In response, Analyst Michael Kelter boosted... More
Yum! Brands (YUM) Tops Q2 EPS Views by 2c as China Struggles Continue
July 10, 2013 4:24 PM EDTYum! Brands, Inc. (NYSE: YUM) reported Q2 EPS of $0.56, versus the analyst estimate of $0.54. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.93 billion.
Comps grew 1 percent in the U.S., while falling 20 percent in China (down 12 percent prior to FX impact).
YRI Division system sales increased 6 percent prior... More
