YUM - upside limited by the 200dMA and gap area
Yum Brands on Thursday warned that its 2020 results could fall short of its long-term outlook as the Wuhan coronavirus outbreak weighs on sales in China and Pizza Hut struggles to turnaround its U.S. business.
Yum’s long-term outlook includes annual same-store sales growth in a range of 2% to 3% and net new restaurant growth of 4%.
Here’s what the company reported, compared with what Wall Street was expecting based on a survey of analysts by Refinitiv:
Earnings per share: $1, adjusted, vs. $1.13 expected
Revenue: $1.69 billion, vs. $1.66 billion expected
Same-store sales: 2%, vs. 2.3% expected
200 Day MA at 107 and gap area at 110 limits the upside, while a breach below 99, would pave the way for significant downside.
A worsening of the corona situation would further weight on the stock.
Yum’s long-term outlook includes annual same-store sales growth in a range of 2% to 3% and net new restaurant growth of 4%.
Here’s what the company reported, compared with what Wall Street was expecting based on a survey of analysts by Refinitiv:
Earnings per share: $1, adjusted, vs. $1.13 expected
Revenue: $1.69 billion, vs. $1.66 billion expected
Same-store sales: 2%, vs. 2.3% expected
200 Day MA at 107 and gap area at 110 limits the upside, while a breach below 99, would pave the way for significant downside.
A worsening of the corona situation would further weight on the stock.