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Mar 31, 2021
Yum Q1 2021 Earnings Report
Yum! Brands reported strong Q1 2021 results, driven by record digital system sales and accelerated off-premise growth.
Key Takeaways
Yum! Brands reported strong first-quarter results with worldwide system sales excluding foreign currency translation growing 11%, same-store sales growth of 9%, and unit growth of 1%. Digital system sales exceeded $5 billion. First-quarter GAAP EPS was $1.07, and EPS excluding Special Items was also $1.07, a 67% increase over the prior year quarter.
Worldwide system sales excluding foreign currency translation grew 11%, with KFC at 11%, Taco Bell at 11% and Pizza Hut at 7%.
The company reported 1% unit growth year-over-year and net new unit growth of 435 during the quarter.
KFC Division opened 409 gross new restaurants in 50 countries.
Pizza Hut Division opened 172 gross new restaurants in 33 countries.
Yum
Yum
Yum Revenue by Segment
Revenue by Segment
KFC Division Revenue
CapyFin.comTaco Bell Division Revenue
CapyFin.comPizza Hut Division Revenue
CapyFin.com Forward Guidance
Yum! Brands is poised to enter a post-COVID world with a long runway of growth ahead.
Revenue & Expenses
Visualization of income flow from segment revenue to net income