- Yum! Brands press release ( NYSE: YUM ): Q4 Non-GAAP EPS of $1.31 beats by $0.05 .
- Worldwide system sales grew 8% excluding foreign currency translation, with KFC at 6%, Taco Bell at 14%, and Pizza Hut at 4%.
- We added 1,830 gross units during the fourth quarter.
- We repurchased 4.1 million shares totaling $486 million at an average price per share of $119.
- Foreign currency translation unfavorably impacted divisional operating profit by $42 million.
- CEO update: “2022 was a landmark year for Yum! as we beat our own industry record for unit development, opening an incredible 4,560 gross new units. Despite a challenging environment, we achieved widespread system sales growth of 8% excluding Russia with $24 billion in digital sales, demonstrating that our iconic brands are more relevant, easy and distinctive than ever. I’m confident that our distinct competitive advantages including our world-class franchisees and the industry’s best talent will drive accelerated growth in the future.”
- Shares -2.58% PM.
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Yum! Brands Non-GAAP EPS of $1.31 beats by $0.05