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Mar 31, 2024
Yum Q1 2024 Earnings Report
Yum! Brands reported mixed Q1 2024 results, with strong unit growth offset by same-store sales declines.
Key Takeaways
Yum! Brands reported a 2% increase in worldwide system sales, excluding foreign currency translation, driven by 6% unit growth. However, same-store sales declined by 3%. First-quarter GAAP EPS was $1.10, while EPS excluding special items was $1.15. Digital sales reached a record, exceeding 50% of the sales mix.
Worldwide system sales grew by 2%, excluding foreign currency translation.
Unit count increased by 6%, with 808 gross new units opened.
Digital sales approached $8 billion, representing over 50% of the sales mix.
Core operating profit grew by 6%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Yum! Brands did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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