Yum Q2 2024 Earnings Report
Key Takeaways
Yum! Brands reported a 3% increase in worldwide system sales, excluding foreign currency translation, driven by Taco Bell and KFC, but same-store sales declined by 1%. The company saw a 6% growth in GAAP operating profit and a 10% increase in core operating profit. Digital sales remained strong at nearly $8 billion, representing over 50% of total sales. The company continues to expect to deliver at least 8% Core Operating Profit growth this year.
Worldwide system sales grew 3%, excluding foreign currency translation, with Taco Bell and KFC as key drivers.
Unit count increased by 5%, with 894 gross new units added during the quarter.
Digital sales reached nearly $8 billion, accounting for over 50% of the sales mix.
Core operating profit increased by 10%, driven by strong performance of Taco Bell U.S. and KFC International.
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Yum Revenue by Segment
Forward Guidance
Yum! Brands expects to deliver at least 8% Core Operating Profit growth this year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income