UPDATE: Goldman Sachs Downgrades Yum! Brands (YUM) to Neutral on China SSS Plunge
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Goldman Sachs Shocked by Magnitude of Yum! Brands' (YUM) China Decline, Rating Under Review
February 5, 2013 10:08 AM ESTAnalysts at Goldman Sachs weighed in on Yum! Brands (NYSE: YUM) following in-line Q4 results but an indication that China SSS were likely to remain in the -25% range in 1Q13 due to the negative headlines surrounding the quality of its chicken supply.
Goldman said they were surprised by the magnitude of... More
Baird Downgrades Yum! Brands (YUM) to Neutral
February 5, 2013 6:39 AM ESTBaird downgraded Yum! Brands (NYSE: YUM) from Outperform to Neutral with a price target of $60.00 (from $72.00) following Q4 results and outlook after the close.
For an analyst ratings summary and ratings history on Yum! Brands... More
UPDATE: Yum! Brands, Inc. (YUM) Tops Q4 EPS by 1c
February 4, 2013 4:48 PM EST(Updated - February 4, 2013 4:51 PM EST)
Yum! Brands, Inc. (NYSE: YUM) reported Q4 EPS of $0.83, $0.01 better than the analyst estimate of $0.82. Revenue for the quarter came in at $4.15 billion versus the consensus estimate of $4.12 billion.
In the quarter, same-store sales grew 3% at YRI and 3% in the U.S. Same-store sales declined 6% in China.
Commenting on its 2013 outlook, the firm notes: We are confident the YRI... More
