Want to join the conversation?
$YUM said that on a two year basis, 4Q comps in the US were the best of the year. In China, KFC grew 6% sequentially in 4Q15; Pizza Hut was challenging for the quarter. In January 2016, KFC sales in China were encouraging, while Pizza Hut sales remain soft. For FY16, $YUM expects to open 600 new restaurants in China.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.