Yum! Brands Misses On Q3 Topline Despite Solid Twin Growth Engines, KFC International & Taco Bell US: Here's Details
Portfolio Pulse from Shivani Kumaresan
Yum! Brands Inc reported Q3 FY23 sales growth of 4% YoY to $1.708 billion, missing the analyst consensus estimate of $1.774 billion. Same-store sales grew 6%, with KFC Division increasing 6%, Taco Bell climbing 8%, and Pizza Hut growing 1%. Digital sales exceeded $7 billion, with the digital mix exceeding 45%. The company added 1,130 gross units during the quarter. Adjusted EPS of $1.44 beat the consensus estimate of $1.28. YUM shares are trading lower by 0.55% at $120.20.
November 01, 2023 | 4:53 pm
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Yum! Brands missed Q3 FY23 sales estimates but beat EPS estimates. Despite solid growth in same-store and digital sales, YUM shares are trading lower.
Yum! Brands missed the analyst consensus estimate for Q3 FY23 sales, which could negatively impact investor sentiment and put downward pressure on the stock price. However, the company beat EPS estimates and reported solid growth in same-store and digital sales, which could offset some of the negative impact. Despite these positive factors, YUM shares are trading lower, indicating that the market is currently focusing more on the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100