What You Need to Know Ahead of Yum! Brands' Earnings Release

Louisville, Kentucky-based Yum! Brands, Inc. (YUM) develops, operates, and franchises various famous quick service restaurants like KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill. With a market cap of $37.7 billion, it operates over 59,000 restaurants in more than 155 countries and territories. The QSR giant is expected to release its Q3 earnings before the market opens on Tuesday, Nov. 5. 

Ahead of the event, analysts expect Yum! Brands to report a profit of $1.42 per share, down 1.4% from $1.44 per share reported in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions. Its adjusted EPS for the last reported quarter declined 4.3% year-over-year to $1.35 but exceeded the consensus estimates by 2.3%.