trending Market Intelligence /marketintelligence/en/news-insights/trending/higeEOdy-XK9Y1rVNE-2jg2 content esgSubNav
In This List

Yum! Brands profit misses consensus by 22.1% in fiscal Q3

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: October Edition

Blog

ESG & Technology: Impacts and Implications


Yum! Brands profit misses consensus by 22.1% in fiscal Q3

Yum! Brands Inc. said its normalized net income for the fiscal third quarter ended Sept. 5 amounted to 83 cents per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.

EPS rose 16.9% year over year from 71 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $369.4 million, an increase of 14.8% from $321.6 million in the year-earlier period.

The normalized profit margin climbed to 10.4% from 9.6% in the year-earlier period.

Total revenue grew on an annual basis to $3.43 billion from $3.35 billion, and total operating expenses came to $2.80 billion, compared with $2.82 billion in the year-earlier period.

Reported net income rose on an annual basis to $421.8 million, or 95 cents per share, from $402.3 million, or 89 cents per share.