Yum! Brands' Stock Drops 4% on Q1 EPS Miss
<p><a href='https://financialmodelingprep.com/financial-summary/YUM'>Yum! Brands (NYSE:YUM)</a> plunged nearly 4% yesterday after the company reported its Q1 earnings results, with EPS of $1.06 coming in worse than the Street estimate of $1.13. Revenue was $1.65 billion, compared to the Street estimate of $1.62 billion.</p>
<p>The three largest brands delivered high-single-digit comp growth, with momentum carrying forward into Q2. However, higher-than-anticipated expenses weighed on margins and drove the EPS miss. </p>
<p>According to the analysts at RBC Capital, the headwinds are temporary and they expect the company to continue to post strong (over 20%) earnings growth for the balance of the year.</p>

NYSE:YUM