Yum Brands Stock Drops After Profit Beat Expectations, Even as Revenue and Same-Store Sales Missed

Dow Jones08-06

Shares of Yum fell 1% in premarket trading Tuesday, after the parent of restaurant brands KFC, Taco Bell and Pizza Hut reported second-quarter profit the beat expectations, whiles revenue came up a bit shy.

Net income fell to $367 million, or $1.28 a share, from $418 million, or $1.46 a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.35 topped the FactSet consensus of $1.33. Revenue grew 4.5% to $1.763 billion but was below the FactSet consensus of $1.805 billion.

Overall same-store sales fell 1%, compared with the FactSet consensus for a decline of 0.4%, as both KFC and Pizza Hut saw same-store sales decline 3% while Taco Bell's same-store sales increased 5%.

The stock has gained 2% year to date through Monday, while the S&P 500 has advanced 8.7%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457614010?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-06 19:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457614010","market":"nz","top_or_hot":-1,"title":"Yum Brands Stock Drops After Profit Beat Expectations, Even as Revenue and Same-Store Sales Missed","media":"Dow Jones","content":"<p>Shares of <a href=\"https://laohu8.com/S/YUM\">Yum</a> fell 1% in premarket trading Tuesday, after the parent of restaurant brands KFC, Taco Bell and Pizza Hut reported second-quarter profit the beat expectations, whiles revenue came up a bit shy.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/298977e51539889a38ae2c456656a59c\" tg-width=\"420\" tg-height=\"384\"></p><p> </p><p>Net income fell to $367 million, or $1.28 a share, from $418 million, or $1.46 a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.35 topped the FactSet consensus of $1.33. Revenue grew 4.5% to $1.763 billion but was below the FactSet consensus of $1.805 billion. </p><p>Overall same-store sales fell 1%, compared with the FactSet consensus for a decline of 0.4%, as both KFC and Pizza Hut saw same-store sales decline 3% while Taco Bell's same-store sales increased 5%. </p><p>The stock has gained 2% year to date through Monday, while the S&amp;P 500 has advanced 8.7%.</p><p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yum Brands Stock Drops After Profit Beat Expectations, Even as Revenue and Same-Store Sales Missed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYum Brands Stock Drops After Profit Beat Expectations, Even as Revenue and Same-Store Sales Missed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-06 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Yum fell 1% in premarket trading Tuesday, after the parent of restaurant brands KFC, Taco Bell and Pizza Hut reported second-quarter profit the beat expectations, whiles revenue came up a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YUM","symbol_name":"百胜餐饮集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457614010","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457614010","pubTimestamp":1722944097,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Yum Brands Inc.  rose 1.4% in premarket trading Tuesday, after the parent of restaurant brands KFC, Taco Bell and Pizza Hut reported second-quarter profit the beat expectations, whiles revenue came up a bit shy. Net income fell to $367 million, or $1.28 a share, from $418 million, or $1.46 a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.35 topped the FactSet consensus of $1.33. Revenue grew 4.5% to $1.763 billion but was below the FactSet consensus of $1.805 billion. Overall same-store sales fell 1%, compared with the FactSet consensus for a decline of 0.4%, as both KFC and Pizza Hut saw same-store sales decline 3% while Taco Bell's same-store sales increased 5%. The stock has gained 2% year to date through Monday, while the S&P 500  has advanced 8.7%.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"YUM":"百胜餐饮集团"},"translate_title":"尽管营收和同店销售额低于预期，但利润超出预期，百胜餐饮集团股价下跌","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YUM":1},"content_text":"Shares of Yum fell 1% in premarket trading Tuesday, after the parent of restaurant brands KFC, Taco Bell and Pizza Hut reported second-quarter profit the beat expectations, whiles revenue came up a bit shy. Net income fell to $367 million, or $1.28 a share, from $418 million, or $1.46 a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.35 topped the FactSet consensus of $1.33. Revenue grew 4.5% to $1.763 billion but was below the FactSet consensus of $1.805 billion. Overall same-store sales fell 1%, compared with the FactSet consensus for a decline of 0.4%, as both KFC and Pizza Hut saw same-store sales decline 3% while Taco Bell's same-store sales increased 5%. The stock has gained 2% year to date through Monday, while the S&P 500 has advanced 8.7%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457614010"}