YUM (Post-Call) Sales Trends Improving in Mid-to-Late April
By Mark Kalinowski
Published on April 29, 2020 at 12:00 AM
Yum Brands (YUM; Neutral, $88.27) reported adjusted Q1 EPS of $0.64 — ahead of our $0.50 forecast, and a little short of sell-side consensus (according to Consensus Metrix) of $0.66. Yum notes that its investment in Grubhub (GRUB; Not Rated) cost it -6 cents of EPS in Q1.