The company posted earnings of $399 million, or 87 cents a share, up 24% from $337 million, or 72 cents a share, in the same period one year earlier. This surpassed the consensus estimate by 3 cents. Revenue also increased to $2.72 billion but came up short of the $2.81 billion analysts expected.
Yum! Brands also reiterated its fiscal year 2014 guidance of at least 20% EPS growth.
The stock was down 0.96% to $76.74 at 3:11 p.m. on Wednesday.
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Separately, TheStreet Ratings team rates YUM BRANDS INC as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate YUM BRANDS INC (YUM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."