Yum! Brands reported a strong Q4 and FY2009. Reveunes for the year increased 7% and EPS 14%, and $2 billion was given to stockholders in the form of dividends and buybacks. Operating income growth was particularly strong in Q4, with increases of 7% in the US and 18% in China.
Yum Brands Inc. reported a 4.4% rise in fiscal third-quarter profit despite narrower U.S. margins, benefiting from strong overseas growth and a lower tax rate. Mainland China posted a 5 percent hike in same-store sales, while Yum International sales rose 4 percent and U.S. operations were up 3 percent. The company affirmed is 2008 forecast.
The owner of the KFC, Taco Bell chains reported net income $224 million compared with $214 million. Although revenue rose 12%, expenses rose 14%. Same store sales in China surged 14%
First-quarter net income jumped 31% on growth in YUM's international business, especially in China. U.S. same-store sales grew 3%, indicating some traction in its turnaround strategy. Same-store sales in China climbed 12% while internationally, excluding China, they increased 5%. At the same time rising commodity costs ate into margins.
YUM reported essentially flat fourth-quarter earnings as robust sales in its China and international divisions countered rising costs and a sluggish U.S. performance. Revenue rose 8% while net income for the three months ended Dec. 29 slipped to $231 million from $232 million a year earlier
China profits are up by 28%. Overall earnings increase by 50 cents per share to $270MM beating analyst's expectations.
YUM may owe an undetermined amount of back taxes to the IRS.
Yum reports a 15% (39 cents/share) increase in EPS driven largely by its rapidly expanding China segment.
5/22/2007 - 5/23/07: Analysts report rising dairy prices may negatively affect Yum and its Pizza Hut restaurants.
5/1/2007 - 5/2/07: Yum announces strong first quarter results with EPS growth of 19% or 70 cents per share, beating analysts expectations of 64 cents per share
2/28/2007 - 3/5/07: Several Yum Brand restaurants in New York City were temporarily closed due to an infestation of rats in one of the city's restaurant locations.
