Yum! Brands (NYSE: YUM ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 24 (Q1), Yum! Brands beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved significantly.
Margins increased across the board.
Yum! Brands recorded revenue of $2.74 billion. The 18 analysts polled by S&P Capital IQ predicted a top line of $2.70 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $2.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.76. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.73 per share on the same basis. GAAP EPS of $0.96 for Q1 were 78% higher than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.6%, 60 basis points better than the prior-year quarter. Operating margin was 22.6%, 400 basis points better than the prior-year quarter. Net margin was 16.7%, 580 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.10 billion. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $13.74 billion. The average EPS estimate is $3.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 3,078 members out of 3,208 rating the stock outperform, and 130 members rating it underperform. Among 780 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 760 give Yum! Brands a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yum! Brands is outperform, with an average price target of $71.85.
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