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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%.
Yum
Yum
Yum Revenue by Segment
Yum Revenue by Geographic Location
Revenue by Segment
KFC Division Revenue
CapyFin.comTaco Bell Division Revenue
CapyFin.comPizza Hut Division Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.comUnited States Revenue
CapyFin.comAsia Revenue
CapyFin.comLatin America Revenue
CapyFin.comAustralia Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comMiddle East / Turkey / North Africa Revenue
CapyFin.comAfrica Revenue
CapyFin.comCanada Revenue
CapyFin.comIndia Revenue
CapyFin.com 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