Where Will Yum Brands Go Post-Earnings?
T = Trends for a Stock’s Movement
Yum Brands is a quick-service restaurant company based on a number of system units with approximately 37,000 units in more than 120 countries and territories. The company — through its three main restaurant chains in KFC, Pizza Hut, and Taco Bell — develops, operates, franchises, and licenses a worldwide system of restaurants. These popular food chains prepare, package, and sell a menu of low-priced food items. Convenient and tasty foods continue to rise in popularity worldwide, which allows Yum Brands to provide food items demanded by consumers.
Yum Brands Monday reported results for the fourth-quarter ended December 28, 2013, including EPS growth of 4 percent, or $0.86, excluding Special Items. Reported EPS was $0.70 for the quarter and $2.36 for the year. David C. Novak, Chairman and CEO said, “While 2013 was a challenging year, I’m pleased to report continued progress as we enter 2014 with fourth-quarter EPS growth of 4 percent, excluding Special Items. More importantly, with the decisive actions we’ve taken to strengthen our company across the board, we are well positioned to deliver double-digit EPS growth in 2014 and the years ahead.”