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Sep 30, 2020
Yum Q3 2020 Earnings Report
Yum! Brands reported encouraging results driven by record digital sales, off-premise growth, and restaurant reopenings.
Key Takeaways
Yum! Brands reported encouraging third-quarter results with core operating profit growth and achieved global same-store sales growth of approximately flat for the open store base. Digital sales increased significantly, and the company disposed of its Grubhub investment.
Worldwide system sales excluding foreign currency translation grew 1%, with Taco Bell at 5%, offset by KFC at (1)% and Pizza Hut at (4)%.
Reported 2% net unit growth year-over-year and a unit decline of (267) during the quarter.
Recorded $8 million of pre-tax investment income related to the change in fair value of our investment in Grubhub, which resulted in a $0.02 benefit to EPS on the third-quarter.
Disposed our Grubhub investment during the third-quarter for $206 million.
Revenue by Segment
Forward Guidance
This announcement may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Revenue & Expenses
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Avg. Return Before/After Earnings
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