3 Key Takeaways From Yum! Brands' First Quarter
Yum! Brands 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.
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