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Dec 31, 2020
Yum Q4 2020 Earnings Report
Yum! Brands reported mixed Q4 2020 results, with same-store sales declining and digital sales reaching a record high.
Key Takeaways
Yum! Brands reported a decline in GAAP EPS but an increase in EPS excluding special items for Q4 2020. System sales declined, but digital sales saw significant growth. The company is focused on leveraging its scale and investing in digital and technology.
Worldwide system sales declined 2%, with KFC at (1)%, Taco Bell at (3)%, and Pizza Hut at (6)%.
The company added 227 net new units during the quarter.
Yum! repurchased 2.4 million shares totaling $250 million at an average price per share of $103.
Digital sales hit a record of $17 billion, about a 45% increase over the prior year.
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Yum Revenue by Segment
Forward Guidance
Yum! enters 2021 a stronger company primed to profitably grow system sales this year and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income