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Digital drives big sales growth for Yum Brands qsrweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qsrweb.com Daily Mail and Mail on Sunday newspapers.
Yum! Brands Q4 Results Top Estimates Both adjusted earnings per share and quarterly revenues topped analysts expectations. David Gibbs, CEO, said Yum! enters 2021 a stronger company primed to profitably grow system sales this year and beyond. Yum! Brands fourth-quarter net income dropped 32 percent to $332 million or $1.08 per share from $488 million or $1.58 per share in the prior year. Earnings per share, excluding special items, for the fourth-quarter was $1.15 compared to $1.00 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.01 per share for the fourth-quarter. Analysts estimates typically exclude special items. Total costs and expenses increased to $1.26 billion from $1.15 billion in the previous year. ....
Photo: iStock Feb. 4, 2021 The fourth quarter of 2020 worked out pretty well for Louisville, Kentucky-based Yum Brands, which beat analysts estimates thanks to Taco Bell, which recorded a 1% sales increase to $3.67 million. Sister brands, Pizza Hut and KFC, were dragged down by their international sales declines, according to a company press release. YUM earnings per share handily topped analysts prediction of $1.01 per share by coming in at $1.15 per share adjusted. That s a 15% gain over the previous year s quarter. Revenue also exceeded expectations of $1.72 billion, coming in at $1.74 billion. Other results included: Yum Brands full-year EPS for 2020 also managed a 2% increase to $3.62 though EPS for Q4, which ended Dec. 31, fell 32% to $1.08,. Full-year GAAP EPS was $2.94, down 29%, according to the company s quarterly results released this morning. The company reporter Q4 net income of $332 million, or $1.08 per share, down from $488 million, or $1.58 per sh ....