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Jun 30, 2022
Yum Q2 2022 Earnings Report
Yum! Brands reported mixed second-quarter results with system sales growth offset by a decline in EPS, driven by Taco Bell's strong performance and digital sales growth.
Key Takeaways
Yum! Brands reported a 3% increase in worldwide system sales excluding foreign currency translation, driven by 4% unit growth and 1% same-store sales growth. Taco Bell U.S. saw an 8% increase in same-store sales. Second quarter GAAP EPS was $0.77, a 40% decrease year-over-year, while EPS excluding Special Items was $1.05, a 9% decrease year-over-year. The company added 781 gross units but experienced a net decline of 702 units due to the removal of 1,165 Russia units.
Worldwide system sales grew 3% excluding foreign currency translation, with Taco Bell leading at 10% growth.
The company added 781 gross units, but due to exiting the Russian market, saw a net decline of 702 units.
Worldwide same-store sales ex-China grew 6% during the quarter.
Digital system sales reached nearly $6 billion.
Revenue by Segment
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