Yum! Predicts 10 Percent Earnings Per Share
After making layoffs at its Louisville headquarters, Yum Brands has announced an optimistic earnings goal.The fast-food conglomerate is predicting ten percent earnings per share. The estimate comes after a couple of hundred jobs were cut in Louisville. Yum expects the layoffs to help them save about $60 million this fiscal year.Some analysts think the company can meet the new earnings goal, although on the day of the announcement, Yum Brands stock closed at a six percent loss. Analysts are basing their predictions on the company’s international operations, which include offering new food items in China.The Chinese market for Yum is still unproven, but the company says it’s already met half of its earnings goal, because of layoffs and the opening of new franchises overseas.