Yum! Brands Inc


SKU: YUM Category:


Yum Brands continues to operate in a challenging operating environment and this was reflected in its recent results. With significant contributions from all of their brands, they opened 781 gross new units in the third quarter. The company also outperformed last year’s increase of 23% and produced the highest quarter of same-store sales growth in its history which helped them surpass Wall Street expectations on the total revenues front. Their results were also aided by the introduction of Click & Collect services, such as QR code ordering through the KFC app and several of their Middle Eastern regions. A well-balanced marketing strategy, which included a focus on product innovation and a dedication to value propositions while improving digital capabilities following the debut of the KFC mobile app and kiosks, helped the Latin American market grow its system sales by 32%. However, Yum Brands was negatively impacted by inflation and failed to meet the earnings expectations of Wall Street. We give Yum a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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