Shares of Yum! Brands, Inc (YUM) rose on Tuesday ahead of the company's second quarter earnings report to be released after the market closes.
The Louisville, Ky-based firm had previously predicted that the second quarter would be its toughest of the year.
Shares were up 1.29 percent to $36.13 percent at 3:17p.m. ET on the New York Stock Exchange.
The company, which operates and franchises restaurants KFC, Pizza Hut, Taco Bell and Long John Silver's will hold a conference call about the quarter on Wednesday at 9:15 a.m. ET.
We forecast the second quarter will likely be Yum's most challenging quarter and the low point of our year, CEO David Novak said in a released statement at the time.
Factors the company expected to affect results in the second quarter were a low quarterly tax rate, the negative impact of currency rates of nearly $25 million, an increase in expenses from property sales and terminations of over $10 million, negative impact of international refranchising gain/loss of $5 million versus last year, and expectations of mainland China same-store-sales growth of 14 percent and China Division profit growth of 38 percent.
The company's full year outlook is 2009 EPS of $2.10, or 10 percent growth, excluding special items.