Yum! Brands IncYUM
▲ PositiveCapitalrelevance
Net income surged 128% and revenues rose 12%, strong financial results.
Impact on stocks 1
Consumer Discretionary
Yum! Brands IncYum! Brands reported a 128% jump in second-quarter net income to $853 million, up from $374 million a year earlier. Total revenues rose 12% year-on-year to $2.16 billion, while worldwide system sales grew 5%. The company added 1,053 gross new units across its brands, with KFC opening 660 restaurants, Pizza Hut 333, and Taco Bell 54. Digital system sales excluding Pizza Hut approached $9 billion, with digital mix exceeding 60%. CEO Chris Turner said the company reached separate definitive agreements with two buyers for the Pizza Hut business, closing its strategic review process.
Yum! Brands IncNet income surged 128% and revenues rose 12%, strong financial results.