Yum! Brands Third Quarter 2024 Earnings: Misses Expectations

Yum! Brands (NYSE:YUM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.83b (up 6.9% from 3Q 2023).
• Net income: US$382.0m (down 8.2% from 3Q 2023).
• Profit margin: 21% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.36 (down from US$1.48 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Yum! Brands Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Yum! Brands (including 2 which shouldn't be ignored).

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