Pizza Hut Parent Yum! Brands Stock Slides On Q2 Topline Miss; Beats On Bottomline
Portfolio Pulse from Shivani Kumaresan
Yum! Brands Inc (NYSE:YUM) reported Q2 FY23 sales growth of 3% year-on-year to $1.69 billion, missing the analyst consensus of $1.75 billion. Same-store sales grew 9%, with KFC Division increasing 13%, Taco Bell 4%, and Pizza Hut 4%. Digital sales increased 30% Y/Y to $7 billion. The company added 1,025 gross units during the quarter. Adjusted EPS of $1.41 beat the analyst consensus of $1.23. YUM shares are trading lower by 2.00% at $133.63 premarket on Wednesday.
August 04, 2023 | 11:07 am
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Yum! Brands reported Q2 FY23 sales growth of 3% to $1.69 billion, missing the analyst consensus. However, adjusted EPS of $1.41 beat the consensus. YUM shares are trading lower by 2.00% premarket.
Yum! Brands missed the analyst consensus for Q2 FY23 sales growth, which is likely causing the stock to trade lower. However, the company beat the consensus for adjusted EPS, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100