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Stock impact report

Yum! Brands net income rise 4.6% to $314m in Q1 2024 [Yahoo! Finance]

Yum! Brands, Inc. (YUM) 
Last yum! brands, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: yum.com/investors
Company Research Source: Yahoo! Finance
For the quarter ended 31 March 2024, the company's total revenues were $1.59bn, a decline of 2.8% from $1.64bn in Q1 2023. KFC's overall US revenue fell by 8% and Pizza Hut's fell by 6%. Due to geopolitical unrest, both franchises' revenue in the Middle East, Turkiye and North Africa markets also decreased. Yum! Brands reported a 3% fall in quarterly global same-store sales due to disrupted demand from inflation-weary consumers in the US and internationally for its KFC and Pizza Hut brands. The company's worldwide system sales rose 2%, with KFC registering growth of 4%. Taco Bell and Pizza Hut also posted growth of 4% each. During Q1 2024, Yum! Brands' digital sales approached $8bn, with a record digital mix of more than 50%, and the KFC division opened 509 gross new restaurants across 43 countries. The Taco Bell division opened 56 gross new restaurants across 14 countries in the latest quarter. Its international system sales excluding foreign currency rose by 6% and the br Show less Read more
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