Yum Brands: Q2 EPS above expectations
(CercleFinance.com) - Yum! Brands announces Q2 2019 EPS excluding extraordinary items that is up 15% at 93 cents, beating the consensus of 87 cents.
The restaurant operator, whose stores include KFC, Pizza Hut and Taco Bell, saw its adjusted operating profit increase by 18%, for sales growth of 10% excluding FX factors (+5% like-for-like).
The company said that it opened 312 net sales outlets over the quarter. On an annual basis, which takes into account its strategic alliance with Telepizza in the last quarter of 2018, net new outlets grew by 7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The restaurant operator, whose stores include KFC, Pizza Hut and Taco Bell, saw its adjusted operating profit increase by 18%, for sales growth of 10% excluding FX factors (+5% like-for-like).
The company said that it opened 312 net sales outlets over the quarter. On an annual basis, which takes into account its strategic alliance with Telepizza in the last quarter of 2018, net new outlets grew by 7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.