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Jun 30, 2023
Yum Q2 2023 Earnings Report
Yum! Brands reported strong Q2 2023 results driven by system sales growth, same-store sales growth, and unit expansion.
Key Takeaways
Yum! Brands reported a strong second quarter with worldwide system sales growth of 13%, driven by 9% same-store sales growth and 6% unit growth. The company added 1,025 gross new units and achieved record digital sales of $7 billion. GAAP EPS was $1.46, and EPS excluding Special Items was $1.41.
Worldwide system sales grew 13%, excluding foreign currency translation.
Added 1,025 gross new units.
Record digital sales of $7 billion, with digital mix exceeding 45%.
GAAP operating profit grew 4% and core operating profit grew 12%.
Revenue by Segment
Forward Guidance
With strong year-to-date results and continued momentum, the company expects to deliver full year 2023 results well above its long-term growth algorithm for system sales and core operating profit growth.
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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