Shares of Yum! Brands (YUM) advanced as the restaurant chain operator got a boost from its Taco Bell franchise.
Yum! Brands, Inc. (NYSE:YUM ) Q3 2024 Earnings Conference Call November 5, 2024 7:45 AM ET Company Participants Matt Morris - Head, Investor Relations David Gibbs - CEO Chris Turner - CFO Conference Call Participants Gregory Francfort - Guggenheim Securities Brian Bittner - Oppenheimer Jon Tower - Citi Dennis Geiger - UBS David Palmer - Evercore ISI John Ivankoe - JPMorgan David Tarantino - Baird Operator Welcome, everyone, to the Yum! Brands 2024 Third Quarter Earnings Call.
The headline numbers for Yum (YUM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Yum Brands (YUM) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.44 per share a year ago.
KFC, Pizza Hut and Taco Bell owner Yum! Brands Inc (NYSE:YUM) served up a smaller portion of earnings for the past quarter than Wall Street expected, which it blamed on geopolitical conflicts and a difficult consumer environment.
Only Taco Bell managed same-store sales gains.
KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.
YUM's third-quarter 2024 top line is likely to have been aided by expansion efforts domestically and internationally and a consistent focus on affordable and unique menu items.
Get a deeper insight into the potential performance of Yum (YUM) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Yum (YUM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Yum Brands Inc. YUM has just whipped up a delicious technical feat with its latest Golden Cross—a bullish signal that has investors licking their chops!