Form 8-K · Current Report · Filed 2024-11-05
Yum! Brands Reports Third-Quarter Financial Results
Yum! Brands, Inc. reported financial results for the third quarter ended September 30, 2024. Worldwide system sales, excluding foreign currency translation, grew 1% with a 5% unit growth. GAAP operating profit increased by 1%, and core operating profit grew by 3%. KFC International's unit growth was notable with a 9% year-over-year increase. Taco Bell U.S. same-store sales grew by 4%. GAAP EPS was $1.35, while EPS excluding Special Items was $1.37. Digital sales mix exceeded 50%.
- Filer
- Yum! Brands, Inc. YUM · NYSE
- Filed
- Accession
- 0001041061-24-000036
- CIK
- 0001041061
- Signal
- Low impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$132.76
Next session
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Since filing
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Latest close
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Exhibits (1)
About Yum! Brands, Inc.
Yum! Brands, Inc. operates as one of the world’s largest fast-food restaurant companies, specializing in the development and management of globally recognized brands such as KFC, Pizza Hut, and Taco Bell. The company focuses on offering a diverse array of consistent, value-driven food options that cater to a wide range of consumer tastes and preferences. With its entrepreneurial franchise business model, Yum! Brands extends its global footprint across numerous countries, with thousands of restaurants strategically located to reach a vast customer base. A notable feature of the company includes its ability to integrate localized flavors and menu customizations while maintaining brand consistency and operational efficiency. Headquartered in Louisville, Kentucky, Yum! Brands plays a significant role in the quick-service restaurant industry, leveraging its significant scale and brand equity to influence market trends and consumer behavior.
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