Yum Q3 2021 Earnings Report
Key Takeaways
Yum! Brands reported strong Q3 2021 results with worldwide system sales excluding foreign currency translation growing 8%, driven by 5% same-store sales growth and 4% unit growth. The company achieved a record 760 net-new units and sustained digital system sales of over $5 billion. Third-quarter GAAP EPS was $1.75, an increase of 90% over the prior year quarter. Third-quarter EPS excluding Special Items was $1.22, an increase of 21% over the prior year quarter.
Worldwide system sales excluding foreign currency translation grew 8%, with KFC at 11%, Taco Bell at 8% and Pizza Hut at 4%.
Reported 4% unit growth year-over-year and record third-quarter net-new unit growth of 760.
Foreign currency translation favorably impacted divisional operating profit by $12 million.
Advanced digital capabilities with the acquisition of Dragontail, enhancing store operations and customer experience.
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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
Visualization of income flow from segment revenue to net income