Shares of the Louisville, Kentucky-based Yum! Brands, Inc (NYSE:YUM) plunged to record low in over 10 years after mentioning similar store sales in China will drop in the Q4.
Yum! Brands, owner of the Taco Bell and KFC fast-food chains, stock tumbled 9.9% to settle in New York at $67.08 and marked the major decline since Oct 10, 2002. Yum stock has surged 14% current year.
CEO of Yum Brands David Novak reported that similar store sales in China will drop 4% in the Q4 evaluated against a boost of 21% in previous year.
World’s most populous nation China is grappling with an economy where expansion has slowed for seven quarters. McDonald’s Corporation (NYSE:MCD) earlier this month reported that similar store sales in China moved down in October.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. AFC Enterprises, Inc. (NASDAQ:AFCE) fell -0.71% to settle at $26.44, The Wendy’s Company (NASDAQ:WEN) moved down -0.43% to end at $4.66 while Domino’s Pizza, Inc. (NYSE:DPZ) dropped -0.95% to finish at $41.60 on Friday.
Yum! Brands, Inc. (NYSE:YUM) last session’s volume of 18.71 million shares was surprisingly higher than its average volume of 2.84 million shares. The stock after opening at $67.50 hit high price of $68.20 and then closed at $67.08 by scoring -9.92%.
The liquidity measure in recent quarter results of the company was recorded 1.01 as current ratio and on the other side the debt to equity ratio was 1.38 and long-term debt to equity ratio remained at 1.37. The Company had total cash of $942.00 million at hand and a book value per share as $4.86 in the most recent quarter.
The stock’s price volatility was 1.58% for a week and 1.96% for a month as well as price volatility’s Average True Range for 14 days was 1.82 and its beta remained at 0.86.
YUM generated revenue of $13.59 billion in the previous twelve months and earned $1.62 billion. The Company showed a positive 11.99% in the net profit margin as well as in its operating margin which remained at 16.89%. Company’s annual sales growth for the past five years was 5.72%.
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