Sector: Consumer Discretionary|Industry: Restaurants|Market Cap: $36.69B|Employees: 35K
Yum! Brands, Inc. operates a global franchise system of quick-service restaurants, primarily under the KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill concepts. The company's revenue streams are generated through franchise fees, royalties, and sales at company-owned locations. Yum! Brands holds a leading position in the chicken, Mexican-style food, and pizza categories, with a significant presence in over 155 countries and territories.
Total revenues increased by 4.5% YoY to $1,763 million, with company sales increasing 12% to $572 million, franchise and property revenues increasing slightly to $789 million, and franchise contributions for advertising and other services increasing 3% to $402 million.
Net income decreased by 12% YoY to $367 million, primarily due to a significant increase in the income tax provision from $60 million to $120 million. Diluted EPS also decreased from $1.46 to $1.28.
Operating profit increased by 6% YoY to $607 million, driven by revenue growth and effective cost management. Total costs and expenses increased by 4% YoY to $1,156 million.