Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Another fine quarter from Yum with continued rapid expansion in China.

EPS of 63 cents equates to 27% YoY performance.

From Zacks:

Yum! Brands reported fourth quarter 2010 adjusted earnings of 63 cents per share, which surpassed the Zacks Consensus Estimate by 3 cents. Earnings increased 27% year over year mainly on the back of strong performance at its China division. On a reported basis, Yum! Brands’ quarterly earnings were 56 cents per share, up 26% year over year.

The company reported a 6% year-over-year increase in total revenue to $3,562 million during the quarter, ahead of the Zacks Consensus Estimate of $3,499 million. Sales growth was fueled by a 21% increase in the China division and 1% rise in YRI, partly offset by a 4% decline in the U.S.

From Reuters.

Yum's shares rose 2.3 percent to $48.85 in extended trading after it also surprised Wall Street with China and U.S. sales at established restaurants that outpaced those posted by key rival McDonald's Corp (MCD.N)

Yum gets about one-third of its earnings from China, the world's fastest growing major economy, and same-restaurant sales in that market jumped 8 percent in the fourth quarter, surpassing analysts' expectations and accelerating from the prior quarter's 6 percent rise.

Yum's U.S. same-restaurant sales were up 5 percent overall for the latest quarter, improving from a 1 percent gain in the prior quarter and exceeding analysts' expectations.

Still makes a great investment vehicle for exposure to China.

Eat it up.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.