Yum! Brands (YUM) Tops Q3 EPS by 21c
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Yum! Brands Reports Encouraging Third-Quarter Results; Strong Recovery Driven by Record Digital Sales, Off-Premise Growth and Restaurant Reopening
October 29, 2020 7:00 AM EDT
GAAP Operating Profit Decline of (2)%; Core Operating Profit Growth of 7%;
System Sales Growth of 1% with 2% Net Unit Growth Offset by a Same-Store Sales Decline of (2)%
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today reported results for the third-quarter ended September 30, 2020. Worldwide system sales excluding foreign currency translation grew 1%, with 2% net-new unit growth and a (2)% same-store sales decline. Third-quarter GAAP EPS was $0.92, an increase of 14% over the prior year quarter. Third-quarter EPS excluding Special Items was $1.01, an increase of 27% over the prior year... More
