YUM - Factors Setting the Tone for YUM! Brands Q1 Earnings | Benzinga
YUM! Brands, Inc. (NYSE: YUM) is scheduled to report first-quarter 2024 results on May 1, before the opening bell. In the last reported quarter, the company's bottom line missed the Zacks Consensus Estimate by 9.4%.
Q1 Estimates
The Zacks Consensus Estimate for earnings per share is pegged at $1.20, indicating an increase of 13.2% from the prior-year quarter's level. In the past seven days, the consensus estimate for first-quarter earnings has witnessed a downward revision of 0.8%. The Zacks Consensus Estimate for revenues is pegged at $1.72 billion, implying growth of 4.6% from $1.65 billion recorded in the prior-year quarter.
Factors to Note
Yum! Brands is anticipated to report strong same-store sales growth, indicating healthy consumer demand across its portfolio of brands. The company's continued emphasis on expanding its footprint, both domestically and internationally, is likely to have contributed to its top-line growth. Notably, stellar performance from its flagship brand, KFC, is expected to play a significant role in driving its overall revenue growth.
One of the key drivers behind Yum! Brands' success is its innovative menu strategy, featuring Culinary Forward limited-time offerings that resonate with evolving consumer preferences. Its integration of a recommended ordering ...