Yum! Brands (YUM) PT Raised to $75 at RBC Capital
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Yum! Brands (YUM) PT Raised to $80 at Cowen Following 1Q Report; 'Strong 1Q Topline and EPS, Aided by Robust Taco Bell'
May 3, 2017 3:42 PM EDTCowen raised its price target on Yum! Brands (NYSE: YUM) to $80.00 (from $75.00) while maintaining a Outperform rating, following the company's first quarter earnings report.
Analyst Andrew Charles notes company delivered first quarter earnings per share and top-line results above consensus projections,... More
Taco Bell Naked Chicken Chalupas, lower taxes boost Yum's profit
May 3, 2017 7:19 AM EDT(Reuters) - Yum Brands Inc (NYSE: YUM) posted a better-than-expected quarterly profit, helped by lower taxes, vigorous sales of Taco Bell's Naked Chicken Chalupas and lower costs at KFC restaurants.
Shares of the company were up 2.7 percent at $68.13 in midday trading on Wednesday.
Sales rose 8 percent at Taco Bell restaurants open for more than a year, topping the 3.7 percent growth expected by analysts polled by research firm Consensus Metrix.
That sales figure at the company's "cult brand" was boosted by $1 Double Stacked Tacos, the return of the Triple Double Crunchwrap... More
Yum! Brands (YUM) Tops Q1 EPS by 5c
May 3, 2017 7:03 AM EDTYum! Brands (NYSE: YUM) reported Q1 EPS of $0.65, $0.05 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.35 billion.
Worldwide system sales grew 5% driven by 2% same-store sales growth and 3% net-unit growth.Maintains Full-Year... More