Thursday February 6, 2025, 09:38:28
By Mark Kalinowski
Earlier today, Yum Brands reported adjusted Q4 EPS of $1.61, coming in in-between our $1.63 forecast and sell-side consensus (according to Consensus Metrix) of $1.60. The Q4 adjusted tax rate was 25.1%. This was less favorable than our 22.0% projection and consensus at 21.8%. By our math, the difference between 25.1% and 22.0% hurt Q4 adjusted EPS by about -7 cents.
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Monday November 25, 2024, 07:00:00
By Mark Kalinowski
We have learned that Taco Bell is testing what looks to be its own version of McCafé (the “concept within a concept” from McDonald’s [MCD; Buy, $290.29]). We could learn more about the “Live Más Café” test platform when Taco Bell/Yum Brands hosts an Analyst Meeting in Los Angeles on Tuesday, January 28th. But here is what we have learned so far…
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Tuesday November 5, 2024, 09:27:33
By Mark Kalinowski
Earlier today (Tuesday), Yum Brands reported adjusted third-quarter EPS of $1.37, short of our $1.43 forecast and sell-side consensus (according to Consensus Metrix) of $1.41. We attribute the EPS shortfall to weaker-than-expected KFC worldwide same-store sales and a higher-than-anticipated tax rate, despite very good Taco Bell same-store sales.
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