Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75... see more

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Financial 15 Split Corp > YUM brands says consumers still not spending

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Post by mouserman on Nov 05, 2024 11:28am

YUM brands says consumers still not spending

Yum Brands Inc.’s stock reversed early losses to trade up 1% Tuesday, after the operator of Pizza Hut, Taco Bell and KFC restaurants’ third-quarter earnings fell short of estimates, weighed down by conflicts around the world and a still cash-strapped consumer.

The Louisville, Ky.-based company had net income of $382 million, or $1.35 a share, for the quarter, down from $416 million, or $1.46 a share, in the year-earlier period.

Adjusted per-share earnings came to $1.37, while FactSet was expecting $1.41.

Revenue rose to $1.826 billion from $1.708 billion, below the $1.898 billion FactSet consensus. It was the company’s sixth straight quarterly revenue miss.