Yum Brands: Q3 Earnings Insights

Shares of Yum Brands YUM moved higher by 2.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 26.25% year over year to $1.01, which beat the estimate of $0.80.

Revenue of $1,448,000,000 rose by 8.14% from the same period last year, which beat the estimate of $1,420,000,000.

Outlook

Yum Brands hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 29, 2020

Time: 08:15 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/yum/mediaframe/40882/indexr.html

Price Action

52-week high: $110.71

52-week low: $54.95

Price action over last quarter: Up 6.64%

Company Overview

As the parent company for nearly 50,500 restaurant locations, Yum Brands operates one of the largest global quick-service restaurant systems. Concepts include KFC (24,400 units), Pizza Hut (18,300), Taco Bell (7,400), and The Habit (280). Yum Brands generated $53 billion in system sales in 2019 (53% KFC, 25% Pizza Hut, 22% Taco Bell). In November 2016, Yum China was spun out as a stand-alone company, but it is paying 3% of systemwide sales to Yum Brands annually as a trademark franchisee. Franchisees operated 98% of Yum Brand locations as of June 2020.