Tuesday November 5, 2024, 09:27:33
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.
Tuesday August 6, 2024, 09:21:22
Earlier today (Tuesday), Yum Brands reported adjusted second-quarter EPS of $1.35. While this was one cent short of our $1.36 forecast, it came in two cents above sell-side consensus (according to Consensus Metrix) of $1.33.
Tuesday June 25, 2024, 07:00:00
The quick-service part of the domestic restaurant industry is more challenged on the sales front so far during 2024 than it was over the 2021-23 time period. Part of this relates to some consumers getting fed up with higher prices. Although the worst inflation in 40+ years affected virtually every industry, disproportionate media attention has been paid as of late to fast-food prices. Couple this with a more conservative approach to restaurant spending by lower-income households, and it’s not a surprise that some large quick-service burger concepts have rolled out – or will roll out soon – some meal deals that emphasize value.
Wednesday July 22, 2026
Wednesday July 22, 2026