Yum! Brands beats estimates in Q3, but Pizza Hut is not so yummy

Filed under: Earnings reports, McDonald's (MCD), Yum Brands (YUM), Wendy's Intl (WEN), Burger King Hldgs (BKC)

Yum! Brands (NYSE: YUM), which competes with McDonald's (NYSE: MCD), Burger King (NYSE: BKC), and Wendy's/Arby's Group (NYSE: WEN) for the right to feed consumers on the go around the world, issued a Q3 report after the bell on Tuesday that was decent in many respects. Earnings per share on an adjusted basis increased over 20% to 70 cents. This performance absolutely embarrassed the analysts, who were looking for a mere 58 cents per share according to our earnings preview.

So, that was one of the decent parts. Actually, I'd say it was a little more than decent. But, unfortunately, the top line didn't grow. Total revenues actually declined 2%.

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Yum! Brands beats estimates in Q3, but Pizza Hut is not so yummy originally appeared on BloggingStocks on Wed, 07 Oct 2009 08:30:00 EST. Please see our terms for use of feeds.

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