In a press release dated April 29th YUM! Brands announced results for the 1st Quarter 0f FY 2020 ending March 31 st.
The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as US$ x 1,000 except EPS)
|
1st Quarter Ending March 31st
|
2020
|
2019
|
Difference (%)
|
|
Revenue
|
$1,263,000
|
$1,254,000
|
+0.7
|
|
Gross profit Company restaurants:
|
$161,000
|
$183,000
|
-12.0
|
|
Operating income:
|
$250,000
|
$433,000
|
-42.3
|
|
Pre-tax Income
Net Income
|
$95,000
$83,000
|
$299,000
$262,000
|
-68.2
-68.3
|
|
Diluted earnings per share:
|
$0.27
|
$0.83
|
-67.5
|
|
Gross Margin Company restaurants (%)
|
45.3
|
54.9
|
-17.5
|
|
Operating Margin (%)
|
19.7
|
34.5
|
-42.9
|
|
Profit Margin (%)
|
6.6
|
20.9
|
-68.4
|
|
Long-term Debt:
|
$11,059,000
|
$10,131,000
|
+9.2
|
|
12 Months Trailing:
|
|
|
|
|
Return on Assets (%)
|
25.4
|
|
|
|
Return on Equity (%)
|
n/a
|
|
|
|
Operating Margin (%)
|
34.1
|
|
|
|
Profit Margin (%)
|
23.1
|
|
|
|
Total Assets
|
$6,085,000
|
$5,231,000
|
+16.3
|
|
Market Capitalization
|
$25,800,000
|
|
|
52-Week Range in Share Price: $54.95 to $119.72 50-day Moving average $74.72
Market Close pre-release April 29th $87.46 After hours post-release $88.50
Forward P/E 24.8 Beta 0.7
Worldwide sales change for Q1 2020 compared to Q1 2019 over 24,304 locations (%):-
Company -3; KFC -2; Pizza Hut -9; Taco Bell+4.
Operating and Company Restaurant Margins (%):-
KFC 39.7/11.7; Pizza Hut 32.7/(3.0); Taco Bell 31.7/22.4.
In commenting on Q1 results David Gibbs, CEO, said “First-quarter results reflect two different realities. We began the year with momentum across many of our businesses, however as the quarter progressed we were heavily impacted by the unfortunate spread of COVID-19. Around the world, we took extraordinary measures to protect the health and safety of our employees, customers, franchisees and restaurant team members. We partnered with our franchise operators on our shared mission during this global crisis to provide affordable, convenient food in a safe, low contact environment with drive-thru, curbside carryout, and contactless delivery all enabled by our digital capability. As a result, our restaurants around the world remain largely open for business, serving customers and supporting frontline workers and other essential workers in our communities.