Yum! Brands: EPS down 4% in Q2

(CercleFinance.com) - Yum! Brands reports Q2 2024 EPS excluding non-recurring items of $1.
35, down 4% y-o-y, while adjusted operating profit was up 10%.

The restaurant group reported system sales up 3% excluding currency effects. Sales were down 1% LFL, with declines of 3% for KFC and Pizza Hut, but 5% growth for Taco Bell.

Based on H1 results, management still expects at least 8% growth in FY adjusted operating profit.


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