FMP

FMP

Yum! Brands, Inc. Reports Q4 Results, Shares Down Almost 3%

Yum! Brands, Inc. (NYSE:YUM) shares closed almost 3% lower today following the company’s Q4 results, with adjusted EPS coming in at $1.02, missing the Street estimates of $1.09. Revenue grew 8% year-over-year to $1.89 billion, in-line with the consensus estimate.

Looking ahead to 2022, the analysts at RBC Capital expect unit growth to settle back in the 4-5% range and the company to deliver comps toward the high-end of its 2-3% goal, though operating profit growth will be more back-half weighted, due largely to cadence of G&A spend.