Yum! Brands Reports First-Quarter Results

Yum! Brands, Inc. today reported results for the first quarter ended March 31, 2022. Worldwide system sales excluding foreign currency translation grew 8%, with 6% unit growth and 3% same-store sales growth. First quarter GAAP EPS was $1.36, an increase of 27% year-over-year. First quarter EPS excluding Special Items was $1.05, a decrease of (1)% year-over-year.

DAVID GIBBS COMMENTS

David Gibbs, CEO, said “Our system sales grew 8% despite the difficult operating environment, a testament to the demand for our iconic brands and the unmatched operating...

Give Back and Throwback in the New Year with the BOOK IT!® Bundle from Pizza Hut

Beginning today, Pizza Hut is offering the BOOK IT! Bundle, the perfect way to feed the whole family while accomplishing New Year's resolutions to give back.

Available through December 31, 2022 at participating Pizza Hut locations nationwide, for every BOOK IT! Bundle sold, Pizza Hut will donate $1.00 to our literacy partner First Book, a non-profit organization dedicated to ensuring educational equity. The BOOK IT! Bundle includes 2 large, 1-topping pizzas and breadsticks making it the ideal feast for past...

Yum! Brands Reports Third-Quarter Results

Yum! Brands, Inc. today reported results for the third-quarter ended September 30, 2021. Worldwide system sales excluding foreign currency translation grew 8%, with 5% same-store sales and 4% unit growth. Third-quarter GAAP EPS was $1.75, an increase of 90% over the prior year quarter. Third-quarter EPS excluding Special Items was $1.22, an increase of 21% over the prior year quarter.

DAVID GIBBS COMMENTS

David Gibbs, CEO, said “Our third quarter results, led by record-breaking unit development and sustained momentum in digital sales, are a testament to the..."

Yum! Brands Appoints Pizza Hut Division CEO to Drive Global Brand Strategies and Growth

Yum! Brands, Inc. announced that Aaron Powell, 50, former President of Kimberly-Clark Corporation’s Asia-Pacific Consumer Business, will join the Company as global Pizza Hut Division Chief Executive Officer, reporting to Yum! Chief Executive Officer David Gibbs, effective September 20. In this role, Powell will assume global responsibility for driving Pizza Hut Division’s growth strategies, franchise operations and performance. Today’s announcement concludes Yum! Brands’ search for Pizza Hut Division’s top leadership post.

“We couldn’t be happier to welcome Aaron to the Yum! Brands and Pizza Hut family and believe this global brand division leadership structure will enable the Pizza Hut U.S. and international teams to further implement best practices worldwide and continue...