Yum! Brands Q3: 10% system sales growth, GAAP EPS $1.46, core operating profit up 16%

YUM BRANDS INC

2023-Q3 EPS reported $3.97 revenue$5,040,000,000

GAAP EPS $1.46 ($1.44 ex special items); 10% worldwide system sales growth (6% same-store, 6% unit growth).
KFC system sales up 12% ex F/X; Taco Bell up 11%; Pizza Hut up 4%. 1,130 gross new units (Q3 record).
Digital sales record $7B, digital mix over 45%. Net leverage ratio 4.4x; F/X hurt divisional operating profit $5M.
CEO expects full-year 2023 to outperform long-term algorithm; plans to expand customer insights and global loyalty.
KFC International and Taco Bell US lead; Pizza Hut US same-store sales flat, international same-store sales +2%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

YUM BRANDS INC reported the third quarter ended September 30, 2023 results: EPS $1.46.

Period: the third quarter ended September 30, 2023
EPS: $1.46
Result: reported results

Exact text from the filing

Third-quarter GAAP EPS was $1.46 and third-quarter EPS excluding Special Items was $1.44. Third-quarter EPS includes a favorable $0.05 mark-to-market impact from the remeasurement of the Company's investment in Devyani International Ltd.

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Source: SEC EDGAR

accession 0001041061-23-000046

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