Yum! Brands stock slides as comparable sales miss the mark in Q1
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Yum! Brands Reports First-Quarter Results
May 1, 2024 7:00 AM EDTKFC International +10% Unit Growth; Taco Bell U.S. SSSG +2%;
Record Digital System Sales Mix of Over 50%
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today reported results for the first quarter ended March 31, 2024. Worldwide system sales, excluding foreign currency translation, grew 2%, with 6% unit growth and a 3% same-store sales decline. First-quarter GAAP operating profit declined 1% and first-quarter core operating profit grew 6%. First-quarter GAAP EPS was $1.10 and first-quarter EPS excluding Special Items was $1.15. First-quarter EPS includes negative after-tax impacts of $0.08 from investment losses and $0.03 from... More
