Inside the Results
The company posted a net loss of $86 million, or 20 cents per share, compared to net income of $321 million, or 70 cents per share, last year. Excluding special items, EPS was 61 cents – lower than analysts’ estimate of 66 cents.
Sales fell 4% to $4.00 billion from $4.18 billion, last year. Analysts expected to see $3.97 billion in revenue.
The Struggles in China
From a valuation standpoint, YUM is trading at 20x 2015 earnings estimates, which is fairly attractive. The company also offers an attractive dividend yield of about 2.20% and has had a history of significant dividend increases.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Index Fund||1.68%|
|VFINX||Vanguard 500 Index||1.08%|
|TGVAX||Thornburg International Value||0.52%|
The Bottom Line
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