Yum! Brands’ (YUM) second quarter earnings were released on July 16, 2014. As one of the largest fast-food chains in the world, it operates brands that comprise of Kentucky Fried Chicken (or KFC), Pizza Hut, Taco Bell, and a lesser known brand, the Little Sheep.
The company reported earnings per share (or EPS) of $0.73 in the 2Q14—or a profit of $334 million—which met Wall Street expectations according to NASDAQ. EPS increased by 21% compared to an EPS of $0.61, or a profit of $281 million, in the same quarter in 2013. McDonald’s (MCD) reported its earnings for the same quarter with an EPS of $1.40, which was up from $1.38 for the same quarter in 2013. Burger King (BKW) is expected to report a consensus EPS of $0.19 according to NASDAQ on August 1, 2014. Investors can invest in the restaurant industry through exchange-traded funds (or ETFs) including the PowerShares Dynamic Leisure and Entertainment ETF (PEJ) and the PowerShares Dynamic Food and Beverage ETF (PBJ).
What is a quarterly overview?
The quarterly overview series is intended to cover the earnings, which are released every quarter. We’ll look at various topics such as the performance of key valuation metrics, segment-wise earnings, what hasn’t worked for the company, management initiatives for the future, guidance overview, performance of the stock, catalysts for the stocks, and finally a summary of the earnings for that quarter. The quarterly earnings series is a good place to get updated on your stock and gauge whether the management has been delivering enough to remain invested in the company.