Skip to main content

Yum! Brands(YUM-N)
NYSE

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Yum! Brands (YUM) To Report Earnings Tomorrow: Here Is What To Expect

StockStory - Tue Oct 31, 2023

YUM Cover Image

Fast-food company Yum! Brands (NYSE:YUM) will be reporting earnings tomorrow before market open. Here's what to expect.

Last quarter Yum! Brands reported revenues of $1.69 billion, up 3.12% year on year, missing analyst expectations by 3.32%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.

Is Yum! Brands buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Yum! Brands's revenue to grow 8.06% year on year to $1.77 billion, improving on the 2.12% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.27 per share.

Yum! Brands Total Revenue

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing five downward revisions over the last thirty days. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Yum! Brands's peers in the restaurants segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. McDonald's delivered top-line growth of 14% year on year, beating analyst estimates by 2.16% and Domino's reported revenue decline of 3.86% year on year, missing analyst estimates by 1.99%. Domino's was down 2.05%.

Read our full analysis of McDonald's's results here and Domino's's results here.

The whole tech sector has been facing a sell-off, and while some of the restaurants stocks have fared somewhat better, they have not been spared, with share price declining 2.67% over the last month. Yum! Brands is down 4.15% during the same time, and is heading into the earnings with analyst price target of $140.8, compared to share price of $119.8.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.

The author has no position in any of the stocks mentioned.

More from The Globe