well would of been nice to see the screen shot GL on that..
Analysts, on average, expect Yum! Brands (NYSE:YUM) to report earnings of $0.52 on sales of $2.3 billion on April 14, 2010. For the full year, analysts expect the company to post EPS of $2.41. In the year-ago period, the company reported EPS of $0.48 on sales of $2.2 billion. In the previous quarter, the company reported EPS of $0.50, topping consensus estimates of $0.48.
Opened a position with them today. I'm going to hold it for an indeterminate amount of time. This is one of those equities I don't know a whole lot about in terms of a target price, I just know they've got great growth prospects going forward. I'll have a more intellectual sounding reason for purchasing it at another point.
China is embarking on major urbanization program to move millions of peasants from poor country side to cities. The program projected to move 300 millions people within 10 years, that is the size of US population. This major shift is to grow domestic demand (GDP) replacing export driven GDP, and freeing inefficient farm land for large scale commercial farming. Therefore in many cities visitor will see newly completed apartment with 80% vacant. I have the privilege to station in one of the inland city for over 2 years now. Within 1 year not only it is fully occupied, the new township are bursting with commercial activities. For the past few years building program was not fast enough to meet demand causing dramatic increase in housing price that now is being address by rising loan rate which will slow down private apartment project while government speed up public housing program.
In almost every city I travel, I see many KFC and Pizza Hut restaurants, these outlet are so popular that they are always full of people like those days when KFC started in US. KFC even introduce Chinese style breakfast as breakfast menu was a historical weak spot for YUM.
Looking at the financial statement of YUM, 1st 3 quarters 2010 revenue was reduce slightly due to closure of outlet in US, but the profit margin and net income were better than previous year. So YUM is doing the right thing, I am confident YUM will report surprises as Chinese demand will outstrip decline in US revenue as already shown in 2010 financial report.