Thursday September 7, 2023, 07:00:00

YUM: Examining Currency Translation for Yum Brands and its Operating Income

By Mark Kalinowski

Earlier this week, we published a report in which we examined McDonald’s and the effect various currencies can have on its quarterly EPS. That report is available at:

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Wednesday August 2, 2023, 10:02:10

YUM (Post-Call): Math Suggests +8% to +12% Core Operating Profit Growth in H2 2023

By Mark Kalinowski

Earlier today (Wednesday), Yum Brands reported second-quarter adjusted EPS of $1.41. This surpassed our $1.23 forecast and sell-side consensus (according to Consensus Metrix) of $1.24.

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Wednesday May 3, 2023, 09:38:53

YUM (Post-Call): Robust Q1 Sales, But No Q1 Earnings Beat

By Mark Kalinowski

Earlier today, Yum Brands reported first-quarter adjusted EPS of $1.06. However, this includes a -7 cent hit from “unrealized investment losses.” Excluding these investment losses, EPS would have been $1.13, closer to our $1.15 forecast, and matching sell-side consensus (according to Consensus Metrix) of $1.13.

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