logo
Plus   Neg
Share
Email
Comment

Yum! Brands Q4 Profit Rises, System Sales Up - Quick Facts

Yum! Brands Inc. (YUM), the owner of KFC, Pizza Hut and Taco Bell, reported Thursday that fourth-quarter net income grew 44 percent to $436 million from $303 million last year. On a continuing operations basis, net income rose 42 percent.

Earnings per share were $1.26, compared to last year's earnings per share from continuing operations of $0.83.

Fourth-quarter adjusted earnings per share were $0.96, compared to $0.80 a year ago.
On average, 23 analysts polled by Thomson Reuters expected earnings of $0.80 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues in the quarter declined 16 percent to $1.58 billion from $1.89 billion last year. Analysts expected revenues of $1.59 billion for the quarter.

Company sales dropped 28 percent from last year to $890 million, while franchise and license fees and income grew 6 percent to $687 million.

In the quarter, total KFC segment revenues dropped 12 percent to $814 million and total Pizza Hut revenues fell 24 percent to $234 million. Total Taco Bell revenues declined 19 percent to $531 million.

Worldwide system sales grew 4 percent, with KFC at 6%, Taco Bell at 3% and Pizza Hut at 1%, excluding the 53rd week.

Same store sales increased 2 percent, with KFC up 3 percent, Taco Bell up 2 percent, and Pizza Hut rising 1 percent.

In pre-market activity, Yum! Brands shares were trading at $83.00, up 3.58 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT