Yum! Brands Q2 GAAP EPS $0.77 (-40% YoY); Russia exit removes 1,165 units

YUM BRANDS INC

2022-Q2 EPS reported $2.13 revenue$3,183,000,000

GAAP EPS $0.77 (-40% YoY); adjusted EPS $1.05 (-9% YoY).
Worldwide system sales ex-FX +3%; same-store sales +1%; net-new units +463 (excl. Russia).
Taco Bell U.S. same-store sales +8%; KFC same-store sales -1%, Pizza Hut -3%.
Completed transfer of Pizza Hut Russia; advanced stages of KFC Russia exit; removed 1,165 Russia units.
Issued $1.0B 5.375% notes due 2032; used to repay $600M 7.75% notes.

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