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Yum! Brands Inc Lowers FY 2013 EPS Guidance


Tuesday, 8 Oct 2013 04:20pm EDT 

Yum! Brands Inc announced that based on KFC China sales for September, it is now unlikely China Division same-store sales will be positive for the fourth quarter. Given lower-than-expected China sales and a higher-than-expected full-year tax rate, the Company now estimates a high-single to low-double-digit fiscal 2013 EPS decline versus prior year, excluding Special Items. This compares to previous guidance of a mid-single-digit decline in EPS. The Company reported EPS of $3.25 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.06 for fiscal 2013.