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Sep 30, 2022
Yum Q3 2022 Earnings Report
Yum! Brands reported strong Q3 2022 results with system sales growth driven by same-store sales and unit development.
Key Takeaways
Yum! Brands reported a strong third quarter with 10% system sales growth excluding Russia, driven by demand for iconic brands, increased digital adoption, and unit development. Worldwide system sales grew 7%, with 5% same-store sales growth and 4% unit growth. Third quarter GAAP EPS was $1.14 and third quarter EPS excluding Special Items was $1.09.
Worldwide system sales grew 7%, excluding foreign currency translation, with KFC at 8%, Taco Bell at 9% and Pizza Hut 4%.
We added 979 gross units during the third quarter resulting in 644 net-new units.
Reported digital sales of approximately $6 billion, with digital mix exceeding 40%.
Foreign currency translation unfavorably impacted divisional operating profit by $39 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.
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