ADVFN - Advanced Financial Network.
HOME» NYSE » Y » YUM Stock Price » YUM Stock News

Yum Share News

 Yum! Brands, Inc. Stock Price
YUM Stock Price
 Yum! Brands, Inc. Stock Chart
YUM Stock Chart
 Yum! Brands, Inc. Stock News
YUM Stock News
 Yum! Brands, Inc. Company Information
YUM Company Information
 Yum! Brands, Inc. Stock Trades
YUM Stock Trades

CORRECT: Yum Brands 4Q Net Up 30% On Continued Strength In China

("Yum Brands 4Q Net Up 30% On Continued Strength In China," at 4:40 p.m. EST, misstated the year-ago adjusted earnings in the eight paragraph. The correct version follows:) DOW JONES NEWSWIRES Yum Brands Inc.'s (YUM) fourth-quarter income rose 30% as the fast-food company's sales in China continued to grow, and U.S. sales improved. Shares were up 2.5% after hours at $64.75 as earnings and revenue beat estimates. As of Monday's close, the stock was up 17% over the past three months. For the past few years, the owner of KFC, Pizza Hut and Taco Bell brands has touted its strength in China and focused on growth there. Its casual dining chains are booming in urban areas of China and other emerging markets, making up for Yum's weak U.S. performance. However recent signs of an economic slowdown in China and rising food and labor costs there put Yum at risk of losing its biggest edge. In November, Yum said it is separating its India business into its own standalone segment, a strong indication of its interest in expansion there, given that the only other international market it breaks out is China. For the latest quarter, China continued to post double-digit same-store sales growth, up 21%, while operating profit rose 15% prior to currency changes. U.S. operating earnings, which haven't kept pace with its other markets, were up 10% on 1% higher same-store sales. But Yum's U.S. business hasn't been its top priority. The company has said that 75% of its profits will come from its international businesses by 2015, and last year it found buyers for Long John Silver's Inc. and A&W Restaurants Inc., shedding two smaller domestic businesses in an effort to focus even more on international growth. Yum posted a profit of $356 million, or 75 cents a share, up from $274 million, or 56 cents a share, a year earlier. Excluding special items, earnings were 63 cents a year earlier. Revenue grew 15% to $4.11 billion. Analysts polled by Thomson Reuters expected a profit of 74 cents a share on revenue of $4.03 billion. Worldwide restaurant margin declined 0.9 percentage points to 16% for the year, and declined 1.1 percentage points to 14% for the quarter. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com;

Stock News for Yum (YUM)
DateTimeHeadline
09/02/201510:35:54Statement of Changes in Beneficial Ownership (4)
09/02/201508:30:00All Signs Point To Pizza: Pizza Hut® Enters Season As Official...
08/27/201511:00:00Pizza Hut®, ESPN Team Up to Offer $10,000 Ruby and Diamond-Encrusted...
08/26/201511:00:00Pizza Hut®, ESPN Team Up to Offer $10,000 Ruby and Diamond-Encrusted...
08/19/201513:33:12Statement of Changes in Beneficial Ownership (4)
08/18/201517:40:00Yum Brands Names New China CEO
08/18/201517:21:00Yum Brands Names New China CEO
08/18/201516:54:55Current Report Filing (8-k)
08/18/201516:30:00Micky Pant Named Chief Executive Officer of Yum Brands China...
08/17/201509:11:00Norm Macdonald "Assumes The Suit" As The Real Colonel Sanders...
08/09/201510:48:09In China, Fast-Food Fight Turns to Delivery
08/04/201516:19:43Statement of Changes in Beneficial Ownership (4)
08/04/201511:02:00Kentucky Fried Chicken® Rolls out the Red Carpet for Families...
07/29/201506:00:00WingStreet® by Pizza Hut® Wishes America a "Flappy" National C...
07/21/201515:36:32Quarterly Report (10-q)
07/16/201514:40:27Exclusive: Yum! Brands, Inc. SVP Jonathan Blum on KFC's Progress...
07/16/201510:55:00Summertime is Lemonade Time: KFC Offers a Treat to Beat the Heat...
07/14/201518:30:50Yum Brands' Chinese Operations Again Drag Down Results -- Update
07/14/201517:50:12Chinese Operations Drag Down Yum's Results
07/14/201516:58:00Current Report Filing (8-k)

Yum Brands and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad