Yum! Brands (NYSE:YUM) reported its first-quarter earnings per share on April 22, beating earnings estimates. After a difficult 2013 marred by chicken woes in the China division, the company bounced back, offering China division system sales up 17%, same-store sales up 9%, and operating profits up a whopping 80% over the same period a year ago.
U.S. results were much softer, as earnings dipped 1% in same-store sales, which led to an operating profit decrease in the division of 16%. The U.S., however, may find its own bounce-back in the next quarterly report, as Taco Bell began dishing out its breakfast menu to customers in late March. The overall first-quarter earnings have Yum! on track to deliver 20% EPS growth this year. Find out more in the video below.
The biggest thing to come out of Silicon Valley in years
If you thought the iPod, the iPhone, and the iPad were amazing, just wait until you see this. One hundred of Apple's top engineers are busy building one in a secret lab. And an ABI Research report predicts 485 million of them could be sold over the next decade. But you can invest in it right now... for just a fraction of the price of AAPL stock. Click here to get the full story in this eye-opening new report.
Sean O'Reilly has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.