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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Tuesday March 28, 2023, 07:00:00

YUM: Updating Our Forecasts for Yum Brands

By Mark Kalinowski

We look for Yum Brands – the parent company of KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill – to report its Q1 earnings before the market open on Wednesday, May 3rd.

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Wednesday February 8, 2023, 09:15:06

YUM (Post-Call): Taco Bell’s Big Sales and Big Plans

By Mark Kalinowski

Earlier today, Yum Brands reported adjusted Q4 EPS of $1.31, five cents above our $1.26 estimate and sell-side consensus (according to Consensus Metrix) of $1.26. The adjusted Q4 tax rate was 12.3%, more favorable than our 22.7% estimate and consensus of 22.5%. By our math, this more favorable tax rate helped Q4 EPS by approximately +14 cents. In other words, Q4 EPS would have missed Street expectations absent this tax-rate assistance.

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