Yum! Brands Reports Solid Third-Quarter; System Sales Growth of 8%; Same-Store Sales Growth of 3%; GAAP Operating Profit Decline of (13)%; Core Operating Profit Growth of 6%

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Yum! Brands (YUM) Misses Q3 EPS by 14c

October 30, 2019 7:03 AM EDT

Yum! Brands (NYSE: YUM) reported Q3 EPS of $0.80, $0.14 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.34 billion.

THIRD-QUARTER HIGHLIGHTS

Worldwide system sales excluding foreign currency translation grew 8%, with KFC at 8%, Pizza Hut at 7% and Taco Bell at 7%. Adjusting the prior year base to include Telepizza, system sales growth excluding foreign currency translation would have been 6% worldwide and 2% for the Pizza Hut Division.We opened 389 net units in the quarter. On a year-over-year basis,... More