YUM – Market expectations are for record-high profitability, and management is excited about bold restaurant developments, and confident in the franchising strategy

• Yum! Brands, Inc. (YUM:USA)currently trades near historical averages relative to UAFRS-based (Uniform) Earnings, with a 21.2x Uniform P/E, implying fairly bullish expectations for the firm. Also, management is excited about bold restaurant developments and confident about their franchising and delivery business strategies
• Specifically, management generated an excitement marker when discussing bold restaurant development. Also, management is confident in their new partnership with Grubhub and in their digital-centric delivery business internationally. Moreover, they are confident in the leaders of their franchises and the refranchising that has taken place. Additionally, they are confident in the international dine-in market, and in first quarter EPS increases