Streetbeat News

YUM

Yum! Brands, Inc.

https://www.yum.com

Industry

Restaurants

YUM! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products. As of December 31, 2021, it had 26,934 KFC units; 18,381 Pizza Hut units; 7,791 Taco Bell units; and 318 The Habit Burger Grill units in approximately 157 countries and territories. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to YUM! Brands, Inc. in May 2002. YUM! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.

Open

135.94

Mkt cap

37B

Volume

1.7M

High

137.68

P/E Ratio

24.97

52-wk high

143.20

Low

133.43

Div yield

0.02

52-wk low

123.70

Yum! Brands, Inc. (NYSE:YUM) shares fell after missing Q1 earnings and revenue forecasts. The company reported adjusted EPS of $1.15 versus the expected $1.20 and revenues of $1.598 billion against the anticipated $1.710 billion. Despite this, Yum! Brands saw a 6% unit growth with over 800 new openings, aiming to surpass 60,000 restaurants. Worldwide system sales grew 2%, with KFC and Taco Bell each growing at 4%, while Pizza Hut saw a 4% decline. The company also highlighted a record digital sales mix, exceeding 50% for the first time, and completed the acquisition of 218 KFC franchise restaurants in the U.K. and Ireland.

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 1:56 pm

Yum China Holdings Inc. (NYSE:YUMC) has significantly accelerated its share repurchase program and restaurant expansion, surpassing the 15,000-store milestone in China. The company spent a record $745 million on share buybacks and dividends in Q1, buying back more shares than any year in its history and raising its quarterly dividend. Yum China is expanding into smaller cities with new store formats and franchising, and has launched a new coffee chain, KCOFFEE, to compete with Starbucks and Luckin. The company aims to serve half of China's population by 2026, with plans to open 1,500 to 1,700 new stores this year.

Portfolio Pulse from The Bamboo Works

May 01, 2024 | 12:48 pm

Yum! Brands shares are trading lower due to a miss in Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:02 am

Yum Brands reported its Q1 2024 adjusted earnings per share (EPS) of $1.15, missing the analyst consensus estimate of $1.20 by 4.17 percent.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:01 am

Wall Street is expected to open lower due to AMD's disappointing earnings, impacting the tech sector and broader market. However, the Federal Reserve's interest rate decision and Chairman Jerome Powell's press conference could influence the market's direction. Analysts see the April market pullback as a correction, setting the stage for a potential summer rally. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF decline. Economic data and bond yields have pressured stocks, with major indices ending lower in the previous session. Analysts anticipate Powell's guidance on rate outlook and expect a summer rally, considering it's an election year.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 10:44 am

U.S. stock futures traded lower with focus on earnings reports from Pfizer, Leggett & Platt, Yum! Brands, Amazon, and Mastercard. Pfizer is expected to report earnings of 54 cents per share, while Leggett & Platt posted weaker-than-expected Q1 results. Yum! Brands is anticipated to report earnings of $1.20 per share. Amazon reported strong Q1 results but forecasted weak Q2 sales. Mastercard is expected to report earnings of $3.24 per share.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 7:42 am

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

Citigroup analyst Jon Tower maintains a Buy rating on Yum Brands (NYSE:YUM) but lowers the price target from $166 to $162.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:30 pm

Yum Brands (NYSE:YUM) has seen a 4.98% increase in short percent of float since its last report, with 7.10 million shares sold short, representing 2.53% of available shares. This indicates a bearish market sentiment towards YUM, although it has less short interest compared to its peers' average of 9.49%. The rise in short interest suggests caution but doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:15 pm

California's new law mandates a $20 minimum wage for fast-food employees at chains with at least 60 locations nationwide, affecting major companies like McDonald's, Starbucks, and Yum! Brands. Since the law's implementation on April 1, many of these companies have seen their stock values drop. Some are considering cutting hours and raising prices, while others explore automation to offset increased labor costs. Casual dining restaurants could benefit from this shift if they manage to maintain their pricing.

Portfolio Pulse from Natan Ponieman

April 15, 2024 | 9:12 pm

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