Yum! Brands Q2 Profit Declines - Quick Facts

(RTTNews) - Yum! Brands, Inc. (YUM) Wednesday reported a decline in profit for the second quarter, as China Division sales were significantly impacted by adverse publicity from the poultry supply situation.

Net income attributable to the company declined to $281 million or $0.61 per share from $331 million or $0.69 per share in the comparable quarter last year.

Adjusted earnings for the quarter declined to $0.56 per share from $0.67 per share in the prior year quarter. On average, twenty analysts polled by Thomson Reuters expected the company to earn $0.54 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the latest quarter were $2.90 billion, down 8 percent from $3.17 billion last year, while 18 analysts had a consensus revenue estimate of $2.93 billion for the quarter.

Looking ahead to the fiscal year 2013, the company continues to anticipate a profit decline in mid-single-digit. Analysts expect full-year earnings of $3.06 per share.