LIVE: YUM Earnings Miss Expectations, China Profits Decline

KFC Yum Brands Taco BellWorkers set up a KFC billboard in Beijing, China.

Photo: Getty Images

UPDATE:

Yum earnings are out, and on the EPS line they’re a miss.

Earnings came in at 67 cents per share, which is weaker than the 70 cents that analysts had expected.

On the other hand, revenue of $3.17 billion was a hair ahead of expectations.

Same-store sales rose 7% in the US and 10% in China.

However, Yum China operating profits decline 4% excluding currency effects.

More to come in a moment.

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ORIGINAL POST: Yum Brands is one of our favourite companies to watch to get a read the Chinese economy, since there are so many KFCs there.

The company also owns Pizza Hut and Taco Bell.

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It’s also popular in other places around the world, so just generally it’s a company whose earnings we like to pay attention.

The company reports after the bell. Analysts expect to see 70 cents in earnings on revenue of $3.12 billion.

For a story on how KFC became the biggest fried chicken join in the world, see here >

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