- Worldwide comparable sales decreased by 1%, missing the estimate of a 0.06% increase.
- Pizza Hut saw a 3% drop in comparable sales, compared to a 4% increase year-over-year, and missed the estimate of a 2.41% decline.
- KFC’s comparable sales fell by 3%, compared to a 13% increase year-over-year, and missed the estimate of a 1.46% decline.
- Taco Bell’s comparable sales rose by 5%, beating the year-over-year increase of 4% and the estimate of a 3.59% increase.
- Habit Burger’s comparable sales declined by 6%, more than the estimated 3.82% drop.
- Adjusted EPS was $1.35, down from $1.41 year-over-year, but above the estimate of $1.33.
- EPS was $1.28.
- Revenue was $1.76 billion, a 4.5% increase year-over-year, but below the estimate of $1.8 billion.
- Overall restaurant margin was 17.8%, slightly above the estimate of 17.7%.
- KFC restaurant margin was 11.9%, down from 14.3% year-over-year, and below the estimate of 12.8%.
- Taco Bell’s restaurant margin remained steady at 25.6%, in line with last year and just below the estimate of 25.7%.
- Habit Burger’s restaurant margin was 10.7%, down from 11.1% year-over-year, but above the estimate of 9.39%.
- Operating profit was $607 million, a 5.9% increase year-over-year, but just shy of the $609.4 million estimate.
- Pizza Hut restaurant margin was -2.2%, down from 3.2% year-over-year, and below the estimate of 0.75%.
Yum! Brands Inc on Smartkarma
On Smartkarma, analysts from Baptista Research are providing insightful coverage on Yum! Brands Inc. One report titled “Yum! Brands Inc.: How Is Their Global Expansion of Franchise Locations Going? – Major Drivers” discusses the company’s Q1 2024 Earnings. Despite a challenging operating environment, Yum! Brands showed resilience with a 6% growth rate in core operating profit.
In another report by Baptista Research titled “Yum! Brands Inc: Bold Restaurant Development Growth & Other Major Drivers,” the analysts highlight Yum! Brands’ impressive performance despite geopolitical tensions and socio-economic hurdles. The company reached significant milestones, surpassing $60 billion in system sales and exceeding its long-term growth targets, setting an industry benchmark for the third year in a row.
A look at Yum! Brands Inc Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 0 | |
Dividend | 3 | |
Growth | 4 | |
Resilience | 5 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Yum! Brands Inc, the global quick-service restaurant owner, is positioned for a solid long-term outlook, as indicated by Smartkarma Smart Scores. With a strong focus on growth and resilience, the company scored high in these areas. This suggests that Yum! Brands is well-equipped to adapt to changing market conditions and continue expanding its operations over the long term.
Although the company received a lower score in the value category, the above-average scores in dividend and momentum showcase its potential for steady returns and market performance. Overall, with a robust growth trajectory and a resilient business model, Yum! Brands Inc appears to be in a favorable position for sustained success in the industry.
Summary:
Yum! Brands, Inc, is a global entity that owns and franchises quick-service restaurants around the world. The company manages a network of restaurants that serve a variety of food items to customers, operating on a worldwide scale.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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