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Yum! Brands Reports Third-Quarter Results
Yum! Brands, Inc. today reported results for the third quarter ended September 30, 2022. Worldwide system sales excluding foreign currency translation grew 7%, with 5% same-store sales growth and 4% unit growth. Third quarter GAAP operating profit grew 4%. Third quarter core operating profit grew 8% including a 3-point headwind from Russia. Third quarter GAAP EPS was $1.14 and third quarter EPS excluding Special Items was $1.09. Our year-over-year EPS excluding Special Items results reflect a $0.23 negative impact from a higher current year...
Yum! Brands Highlights Progress on Climate, Sustainable Packaging and Equity & Inclusion Priorities
Today, Yum! Brands, Inc. released its annual Global Citizenship & Sustainability Report, highlighting the Company’s strategic investments in socially responsible growth, risk management and stewardship of its people, food and impact on the planet. This includes addressing climate change, advancements in sustainable packaging and creating equity in the communities it serves.
“We delivered strong business results in 2021, which is a testament to our Recipe for Growth & Good, demonstrating that focus on environmental, social and governance (ESG) issues is not incidental to growth, but an enabler of it,” said...
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...
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