Yum! Brands: EPS down 5% in Q3

(CercleFinance.com) - Yum! Brands reports third-quarter 2024 EPS excluding non-recurring items of $1.
37, down 5% on the year-earlier figure, but adjusted operating profit up 3%.

The restaurant group reported system sales up 1% excluding currency effects. On a like-for-like basis, sales were down 2%, with declines of 4% for KFC and Pizza Hut, but symmetrical growth for Taco Bell.

While our sales have been impacted by the pressures of geopolitical conflict and sluggish consumer sentiment, our iconic brands are positioned for unstoppable growth," says Yum! Brands, David Gibbs.

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