YUM! Brands raises FY11 EPS to at least $2.85
Yum! Brands, Inc. (NYSE:YUM) is a quick service restaurant (QSR) company, with more than 37,000 units in more than 110 countries and territories. YUM through its five concepts of KFC, Pizza Hut, Taco Bell, Long John Silver’s (LJS) and A&W All-American Food Restaurants (A&W) (the Concepts), the Company develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of competitively priced food items. Units are operated by a Concept or by independent franchisees or licensees under the terms of franchise or license agreements.
In addition, the Company owns non-controlling interests in entities in China who operate similar to franchisees of KFC and a non-controlling interest in Little Sheep, a Hot Pot concept. Through its Concepts, YUM develops, operates, franchises and licenses a worldwide system of both traditional and non-traditional QSR restaurants.
YUM! Brands raises FY11 EPS to at least $2.85 (at least +13% from 12%)
Sees FY13 EPS growth of 10% vs. +12.3% consensus, with ~1500 new international units
Company in advance of its annual Investor Update Meeting, increases its full year 2011 EPS growth forecast to at least 13%, or $2.85 a share (consensus $2.85), excluding special items; previous guidance was at least 12%. Yum! also announces it expects to deliver at least 10% EPS growth in 2012 vs. the +12.3% consensus, excluding special items, which would mark its eleventh straight year of meeting or exceeding this annual EPS growth target. For FY12, co plans ~1,500 new international units, including 600 in China, 800 at YRI, and 100 units in India and U.S. refranchising of about 400 units and $200 million in proceeds
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht. |