Yum! Brands (YUM) same-store sales growth driven by 'growth engines' KFC and Taco Bell U.S.
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Yum! Brands Reports Third-Quarter Results
November 1, 2023 7:00 AM EDT10% System Sales Growth Driven by 6% Same-Store Sales Growth and 6% Unit Growth;
12% GAAP Operating Profit Growth and 16% Core Operating Profit Growth
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today reported results for the third quarter ended September 30, 2023. Worldwide system sales, excluding foreign currency translation, grew 10%, with 6% same-store sales growth and 6% unit growth. Third-quarter GAAP operating profit grew 12% and third-quarter core operating profit grew 16%. Third-quarter GAAP EPS was $1.46 and third-quarter EPS excluding Special Items was $1.44. Third-quarter EPS includes a favorable $0.05 mark-to-market impact from the... More
