Yum (YUM) reported earnings 30 days ago. What's next for the stock?
Weakening consumer health and Middle East-related blowback is leading to a relatively soft year for Yum! Brands. System sales were up just 1% over the first nine months, well below the 7% growth that management targets over the long run. Taco Bell and KFC remain in good health. Store closures will hit unit growth this year, but underlying demand from franchisees remains strong.
In early, limited pilots of artificial intelligence (AI)-powered marketing campaigns, quick-service restaurant (QSR) company Yum Brands reportedly is seeing double-digit increases in customer engagement compared to traditional digital marketing campaigns.
Shares of Yum! Brands, Inc. YUM tanked in early trading on Wednesday, after the company reported downbeat third-quarter earnings.
In its Q3 earnings call on Tuesday (Nov. 5), Yum! Brands pointed to the more than 2 million orders through voice AI at its Taco Bell restaurants as an example of how its brands use tech to reach consumers.
YUM's third-quarter 2024 results reflect increased contributions from the KFC and Taco Bell divisions amid high costs and expenses.
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.