Yum! Brands (YUM) slides despite profit beat
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Yum! Brands Reports Second-Quarter Results
August 2, 2023 7:00 AM EDT13% System Sales Growth Driven by 9% Same-Store Sales Growth and 6% Unit Growth;
1,025 Gross New Units and Record Digital Sales
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today reported results for the second-quarter ended June 30, 2023. Worldwide system sales excluding foreign currency translation grew 13%, with 9% same-store sales growth and 6% unit growth. Second-quarter GAAP operating profit grew 4%. Second-quarter core operating profit grew 12%. Second-quarter GAAP EPS was $1.46 and second-quarter EPS excluding Special Items was $1.41. Second-quarter EPS includes a favorable $0.09 mark-to-market impact from unrealized investment gains and a negative... More
