Yum! Brands Q3 system sales +7% ex-FX; GAAP EPS $1.14, down 35% YoY

YUM BRANDS INC

2022-Q3 EPS reported $3.28 revenue$4,823,000,000

Worldwide system sales ex-FX grew 7% with 5% same-store sales and 979 gross unit openings.
GAAP EPS $1.14 vs $1.75; EPS ex-special items $1.09 vs $1.22, down 11%.
KFC system sales ex-FX +8%, Taco Bell +9%, Pizza Hut +4%; digital sales ~$6B.
Agreement to sell Russian KFC operations to Smart Service Ltd., subject to regulatory approvals.
Core operating profit grew 8% including 3-point Russia headwind; FX hurt operating profit by $39M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

YUM BRANDS INC reported third quarter ended September 30, 2022 results: EPS $1.14.

Period: third quarter ended September 30, 2022
EPS: $1.14
Result: reported results

Exact text from the filing

Third quarter GAAP EPS was $1.14 and third quarter EPS excluding Special Items was $1.09. Our year-over-year EPS excluding Special Items results reflect a $0.23 negative impact from a higher current year tax rate, lower investment gains and the removal of Russia-based profits.

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Source: SEC EDGAR

accession 0001041061-22-000036

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