Yum! Brands Q3 GAAP EPS $1.75 (+90% YoY); system sales +8%, record 760 net-new units

YUM BRANDS INC

2021-Q3 EPS reported $4.10 revenue$4,694,000,000

GAAP EPS $1.75 (+90% YoY); adjusted EPS $1.22 (+21%).
Worldwide system sales ex-FX +8% on 5% same-store sales; record 760 net-new units.
KFC +11%, Pizza Hut +4%, Taco Bell +8% system sales ex-FX.
Taco Bell subsidiary issued $2.25B securitization notes to refinance debt.
Recorded $52M pre-tax gain from Devyani International IPO ($0.16 EPS benefit).

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