Categories Consumer, Earnings

YUM! Brands’ Q1 earnings beat estimates, revenues come in line

YUM! Brands Inc. (NYSE: YUM) topped earnings expectations for the first quarter of 2019 while revenues came in line with estimates. Shares were down 2.9% in premarket hours on Wednesday.

Total revenues fell 9% year-over-year to $1.25 billion, pulled down by a 35% drop in company sales. Franchise and property revenues grew 5%.

YUM! Brands reports first quarter 2019 earnings results

GAAP net income fell 39% to $262 million while EPS declined 35% to $0.83. Adjusted EPS decreased 8% to $0.82, but came ahead of the forecasts of $0.81.

During the quarter, YUM saw a 4% growth in same-store sales. Same-store sales grew 5% for the KFC division and 4% for the Taco Bell division but remained flat for Pizza Hut.

Worldwide system sales, excluding foreign currency translation, grew 8%, with KFC at 9%, Taco Bell at 7%, and Pizza Hut at 7%.

YUM saw revenues decline across all its business segments, hurt by lower company sales. Total revenues for KFC decreased 14% to $566 million while revenues for Pizza Hut fell 3% to $243 million. In the Taco Bell division, revenues declined 4% year-over-year to $445 million.

YUM opened 310 net units in the quarter. On a year-over-year basis, taking into account the strategic alliance with Telepizza in the fourth quarter of 2018, net new unit growth was 7%.

For full-year 2019, YUM expects adjusted EPS of at least $3.75.


Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Viewing Highlight