Yum Q4 2019 Earnings Report
Key Takeaways
Yum! Brands reported a 10% worldwide system sales growth and a 2% same-store sales growth. The company opened 1,029 net new units and repurchased 3.2 million shares. GAAP EPS increased by 51% to $1.58, while EPS excluding special items increased 148% to $1.00.
Worldwide system sales excluding foreign currency translation grew 10%, with Taco Bell at 13%, KFC at 11% and Pizza Hut at 7%.
Opened 1,029 net units for 4% net unit growth.
Repurchased 3.2 million shares totaling $333 million at an average price per share of $103.
Recorded $21 million of pre-tax investment expense related to the change in fair value of investment in Grubhub, which resulted in a negative ($0.05) impact to EPS on the quarter.
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Yum Revenue by Segment
Forward Guidance
Yum! Brands announced an agreement to acquire The Habit Burger Grill, expecting the transaction to be completed by the end of the second quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income