Yum! Brands (NYSE: YUM) reported Q2 EPS of $1.16, $0.21 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.48 billion. Worldwide system sales excluding foreign currency translation grew 26%, with 23% same-store sales and 2% unit growth.

David Gibbs, CEO, said “Our strong second-quarter results, led by record unit development and 23% same-store sales growth are a testament to our iconic brands, world-class talent, and best-in-class franchisees. I’m proud that each of our divisions reported positive same-store sales growth on a 2-year basis, a step up from first-quarter trends. This sustained momentum was underpinned by our investments in digital and off-premise and the agility of our brands to meet the needs of consumers in an ever-changing environment. I\'m thrilled to say that unit development has accelerated driven by strong unit-level economics. On the basis of these strong results, we\'re reinstating our long-term growth algorithm and revising the unit growth component of this algorithm from 4% unit growth to between 4% and 5% unit growth. The resilience of our diversified global business positions us perfectly to drive growth and maximize value creation for all our stakeholders for years to come.”

For earnings history and earnings-related data on Yum! Brands (YUM) click here.