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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Tuesday December 13, 2022, 13:19:40

YUM: Raises its Growth Algorithm at Today’s Analyst Meeting

By Mark Kalinowski

Earlier today, Yum Brands hosted an Analyst Meeting in New York City. As part of this, the company updated its long-term annualized growth algorithm as follows:

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