Jefferies Cuts PT on Yum! Brands (YUM); Visibility Remaints Limited, See Seeing China Pressure
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Downward Revisions Likley for Yum! Brands (YUM) - Goldman
October 9, 2013 9:08 AM EDTLate on Tuesday Yum! Brands, Inc. (NYSE: YUM) reported Q3 EPS of $0.85, $0.08 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.53 billion. In the view of Goldman analyst Michael Kelter, the disappointing data suggests Yum! Brands multiple is too high.
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Yum! Brands, Inc. (YUM) Misses Q3 EPS by 8c; China Comps Down 11%
October 8, 2013 4:23 PM EDT(Updated - October 8, 2013 4:27 PM EDT)
Yum! Brands, Inc. (NYSE: YUM) reported Q3 EPS of $0.85, $0.08 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.53 billion.
* Worldwide system sales grew 1%, prior to foreign currency translation, including 5% growth at Yum! Restaurants International (YRI). System sales declined 2% in China and were flat in the U.S.
* Same-store sales... More
