On Wednesday, Shares of Yum! Brands, Inc. (NYSE:YUM), lost -2.93% to $88.90.
Yum! Brands, stated results for the second quarter ended June 13, 2015, counting EPS of $0.69, not taking into account Special Items. Stated EPS was $0.53.
SECOND-QUARTER HIGHLIGHTS
- Worldwide system sales grew 3%. Worldwide restaurant margin was even at 15.5%, and worldwide operating profit reduced 1%.
- Total international development was 291 new restaurants; 75% of this development occurred in emerging markets.
- China Division system sales declined 4%, as 7% unit growth was offset by a 10% same-store sales decline. Restaurant margin reduced 2.2 percentage points to 14.6%. Operating profit reduced 25%.
- KFC Division system sales raised 6%, driven by 2% unit growth and 3% same-store sales growth. Operating margin raised 1.3 percentage points to 21.9%. Operating profit raised 10%.
- Pizza Hut Division system sales raised 1%, driven by 2% unit growth. Same-store sales were even. Operating margin reduced 0.9 percentage points to 22.6%. Operating profit reduced 1%.
- Taco Bell Division system sales raised 9%, driven by 3% unit growth and 6% same-store sales growth. Operating margin raised 4.7 percentage points to 29.5%. Operating profit raised 29%.
- India Division system sales were even, as 16% unit growth was offset by an 11% same-store sales decline.
- Worldwide effective tax rate raised to 25.6% from 24.9%.
- Foreign currency translation negatively influenced operating profit by $22 million.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division.
Finally, National Penn Bancshares (NASDAQ:NPBC), ended its last trade with 0.09% gain, and closed at $11.47.
National Penn Bancshares, declared that it plans to release its 2nd Quarter 2015 earnings on Thursday, July 23, 2015 preceding to market opening. A conference call with analysts will be broadcast live over the Internet at 10:00 a.m. Eastern Daylight Time that day.
National Penn Bancshares, Inc. operates as the bank holding company for National Penn Bank that provides commercial banking products, primarily deposits and loans to residents and businesses primarily in eastern and central Pennsylvania.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
