Yum! Brands (YUM) Tops Q2 EPS by 2c
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Yum! Brands Reports Second-Quarter Results
August 6, 2024 7:00 AM EDT
+6% GAAP Operating Profit Growth and +10% Core Operating Profit Growth
Taco Bell Same-Store Sales Growth +5%; KFC Unit Growth +8%
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today reported results for the second-quarter ended June 30, 2024. Worldwide system sales, excluding foreign currency translation, grew 3% including a 1% same-store sales decline. Second-quarter GAAP operating profit grew 6% and second-quarter core operating profit grew 10%. Second-quarter GAAP EPS was $1.28 and second-quarter EPS excluding Special Items was $1.35. Our year-over-year EPS excluding Special Items results reflect a $0.20 negative impact from a higher current year tax rate... More
