Yum! Brands Q2 GAAP EPS $1.46, system sales +13%, same-store sales +9%

YUM BRANDS INC

2023-Q2 EPS reported $2.51 revenue$3,332,000,000

GAAP EPS $1.46 vs $0.77; adj. EPS $1.41 vs $1.06; core operating profit +12%.
Worldwide system sales +13% ex-FX; same-store sales +9%; unit growth +6%; KFC +19%.
Record digital sales $7B (mix >45%); 1,025 gross new units opened in quarter.
Net leverage 4.7x; revolver paid down $164M; CEO sees full-year above long-term algo.
Russia exit completed in April 2023 with sale of KFC business to Smart Service Ltd.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

YUM BRANDS INC reported second-quarter ended June 30, 2023 results: EPS Second-quarter GAAP EPS was $1.46.

Period: second-quarter ended June 30, 2023
EPS: Second-quarter GAAP EPS was $1.46
Result: reported results

Exact text from the filing

Second-quarter GAAP EPS was $1.46 and second-quarter EPS excluding Special Items was $1.41.

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Source: SEC EDGAR

accession 0001041061-23-000037

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