earnings
confidence high
sentiment neutral
materiality 0.70
Yum! Brands Q1: core op profit +6%; digital sales mix >50%; 808 new units
YUM BRANDS INC
2024-Q1 EPS reported
$1.10
revenue$1,598,000,000
- GAAP EPS $1.10; adjusted EPS $1.15; GAAP operating profit -1%, core operating profit +6%.
- Worldwide system sales +2% ex-FX with 6% unit growth; same-store sales -3%.
- KFC system sales +4%, Taco Bell +4%, Pizza Hut -4%; KFC unit growth +8% with 509 new restaurants.
- Acquired 218 KFC franchise restaurants in UK/Ireland on April 29; sold Devyani interest for $104M.