earnings
confidence high
sentiment positive
materiality 0.75
Yum! Brands Q2 core operating profit +10%, Taco Bell US same-store sales +5%
YUM BRANDS INC
2024-Q2 EPS reported
$2.38
revenue$3,361,000,000
- GAAP EPS $1.28, EPS excluding Special Items $1.35; GAAP operating profit +6%, core operating profit +10%.
- Worldwide system sales +3% ex F/X; same-store sales -1%; digital sales nearly $8B (>50% mix).
- Taco Bell US same-store sales +5%; KFC opened 598 gross new restaurants (+8% unit growth).
- Pizza Hut system sales flat ex F/X; Habit Burger system sales -1%, same-store sales -6%.
- CEO reaffirms FY2024 outlook for at least 8% core operating profit growth.