Yesterday Yum! Brands reported results for Q2 which included GAAP EPS (didn’t know companies still cared about GAAP) of $0.81 and EPS excluding SPECIAL ITEMS of $0.75
Yum! Brands has been up nearly 40% since its lows in February and not only that it seems that KFC gets a different spokesperson to play Colonel Sanders every other week, the hell is up with that?
Here’s what went down in Q2:
- Opened 373 new restaurants worldwide; 72% of international development occurred in emerging markets.
- On track to finalize China separation with targeted completion date around October 31, 2016.
- Foreign currency translation negatively impacted operating profit by $16 million.
You can check out the full press release here.
$YUM is currently up nearly 4% in today’s trading while $MCD is up a tad over 1%
I’m quite surprised these two companies are still in the green given the nation’s health craze. Yes obesity is still a problem but Pokemon Go seems to be working to solve that.
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