Thursday October 1, 2020, 00:00:00

Updating our Q3E Kalinowski Quick-Service Pizza Same-Store Sales Index

By Mark Kalinowski

With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q3E to +13.6%. This figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during July, August, and September.

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Wednesday September 2, 2020, 00:00:00

YUM Introducing Some EPS Estimates (and Some Tidbits)

By Mark Kalinowski

With this report, we introduce our quarterly EPS estimates for Yum Brands (YUM; Neutral, $96.15) for 2021E as follows:
Q1E: $0.84
Q2E: $0.90
Q3E: $1.00
Q4E: $1.16

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Thursday July 30, 2020, 00:00:00

YUM (Post-Call) All Three Larger U.S. Brands Posting Positive Comps in July

By Mark Kalinowski

Earlier today, Yum Brands (YUM; Neutral, $91.46) reported that its adjusted Q2 EPS came to $0.82, well ahead of our $0.55 forecast and sell-side consensus (according to Consensus Metrix) of $0.57. The $0.82 figure included a +21 cent benefit related to Yum’s investment in Grubhub (GRUB; Not Rated). Adjusted EPS would have been about $0.61 excluding the mark-to-market for this investment.

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