YUM! Brands Inc. (YUM)
YUM (Post-Call): Company Anticipates Core Operating Profit Growth of Mid-to-High Single Digits for Q4
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.
November 5, 2024
No Comments
