Yum! Brands (YUM), owner of Taco Bell, Pizza Hut and KFC, is the largest restaurant operator in the world. The company’s stock has struggled in the latter part of the year, but remains 12% higher on the year despite losing 11% value in the last quarter.
The company’s stock has beat out both the S&P 500 index and the Dow Jones Industrial Average.
In comparison, the McDonald’s (MCD) stock has gained just 6% on the year. Yum! Brands last quarter, ending in September, has earnings-per-share (EPS) estimates of $1.07. Revenue figures on the quarter are estimated at $3.69 billion. If the company meets analyst expectations, the company’s EPS growth on the year would be 23% while revenue would have increased by 10%.
The company has announced that they’ll be releasing their Q3 earnings report after the closing bell on Tuesday.
During the second quarter, the company’s revenue dipped 3% due to a drop in sales in China. The country accounts for over 50% of the company’s revenue and profits. Third-quarter projections indicate that the company acted quickly to struggling sales in China to offset the dollar impacting revenue.
Estimates for the year point to an EPS of $3.65 a share with 14% year-over-year growth in earnings.