Yum Brands Inc. (NYSE: YUM) reported its financial results for the fiscal fourth quarter on Thursday that topped Wall Street estimates despite the ongoing Coronavirus pandemic that has so far infected more than 105 million people worldwide and caused over 2.2 million deaths.
Yum Brands shares jumped more than 0.5% in premarket trading on Thursday. The stock now has a per-share price of £77.31 versus £41.37 per share in the last week of March 2020. The price action should come in handy if you are interested in investing in the stock market.
Yum Brands’ Q4 financial results versus analysts’ estimates
Yum Brands said that its net income in the fourth quarter printed at £243 million that translates to 79 pence per share. In the same quarter last year, its net income had come in at a higher £357.20 million or £1.16 per share.
On an adjusted basis, the American fast-food corporation earned 84 pence per share. Yum Brands valued its revenue in the recent quarter at £1.28 billion versus the year-ago figure of £1.24 billion. In separate news from the United States, manufacturer Qualcomm also published its quarterly earnings report earlier this week.
According to FactSet, experts had forecast the company to record £1.26 billion of revenue in Q4. Their estimate for adjusted per-share earnings stood at a lower 74 pence per share. In the prior quarter (Q3), Yum Brands had reported an 8% increase in its revenue.
Other prominent figures in Yum Brands’ earnings report
At £5.72 billion, KFC sales, as per the Louisville-based firm, saw a 1% year over year increase in the fourth quarter. Pizza Hut sales, it added, posted a 5% annualised decline in Q4 to £2.50 billion. Lastly, Taco Bell registered £2.69 billion of sales in the recent quarter or 3% lower than last year.
Yum Brands also highlighted on Thursday that its global comparable-store sales came in 1% lower in the fourth quarter. KFC same-store sales were 2% down globally, while Pizza Hut and Taco Bell saw a 1% decline each. The NYSE-listed company reported a 5% year over year decline in Habit Burger Grill’s Q4 same-store sales.
Yum Brands performed slightly upbeat in the stock market last year with an annual gain of close to 6%. At the time of writing, the Fortune 100 company is valued at £23.34 billion and has a price to earnings ratio of 30.75.
The post Yum Brands tops Wall Street estimates in the fiscal fourth quarter appeared first on Invezz.
from USA – Invezz https://ift.tt/3cTFCOn
Wajeeh Khan
Click here to Join RICH DAD SUMMIT online with ROBERT KIYOSAKI - $1 Training for Passive Income: https://bit.ly/RichDadSummitWealthTraining
0 Comments