YUM! Brands beats by $0.03, misses on revs; guides FY08 EPS in-line

Briefing.com

Posted: 2008-07-16 16:25:00

Reports Q2 (Jun) earnings of $0.45 per share, $0.03 better than the First Call consensus of $0.42; revenues rose 11.8% year/year to $2.7 mln vs the $2551 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.89 vs. $1.89 consensus. Worldwide same-store-sales growth of +4%, including +14% in mainland China, +4% in YRI, and +2% in the U.S. Co states, "For 2008, we expect to return over $2 billion to shareholders through both dividends and significant share buybacks.