Core Insights - Yum! Brands is expected to have a strong fiscal year 2024, with Taco Bell being a standout performer, likely to receive significant recognition for its success [1] Company Analysis - Taco Bell is anticipated to drive substantial growth for Yum! Brands in FY 2024, indicating a positive outlook for the brand within the fast-food sector [1] - The company has a diversified portfolio that includes various restaurant segments, which may contribute to its overall resilience and performance in the market [1] Industry Context - The restaurant industry, particularly the quick-service restaurant (QSR) segment, is experiencing favorable trends that could benefit companies like Yum! Brands [1]

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YUM! Brands, Inc. (YUM) reported fourth-quarter 2024 results, with adjusted earnings and total revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company’s top-line performance reflected solid contributions from the KFC, Pizza Hut and Taco Bell divisions. The company reported progress in the digital space, with digital sales rising approximately 15% and the digital mix surpas ...

Financial Data and Key Metrics Changes - The company achieved a core operating profit growth of 8% for the full year, reflecting resilience amid macroeconomic challenges [38][49] - System-wide sales grew by 5% in Q4, driven by 5% net new unit growth and 1% same-store sales growth [41] - Digital sales increased approximately 15% to over $30 billion, highlighting the effectiveness of the digital-first approach [31][32] Business Line Data and Key Metrics Changes - Taco Bell US reported a full year system sales increase of 6%, with same-store sales rising 5% in Q4, significantly outperforming the U.S. industry [18][19] - KFC International experienced a 3% system sales growth for the full year, with same-store sales flat year-over-year but improving to plus 1% in Q4 [15][16] - Pizza Hut's full year system sales declined by 1%, but same-store sales growth improved by 300 basis points sequentially in Q4 [22][41] Market Data and Key Metrics Changes - In the Middle East, KFC saw a strong recovery in transactions, with same-store sales increasing significantly in Q4 [42][76] - Latin America achieved a 6% year-over-year same-store sales increase in Q4, driven by value promotions [17] - Africa reported a 9% increase in same-store sales, attributed to effective marketing strategies [16] Company Strategy and Development Direction - The company is focused on enhancing digital convenience and engagement through its proprietary technology platform, Byte by Yum [11][30] - Strategic initiatives include expanding product offerings and refining pricing strategies to deepen market penetration [17][18] - The company aims to modernize consumer experiences and drive innovation through new concepts like Saucy by KFC and Live Más Cafe at Taco Bell [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of international markets and the overall health of franchisees, particularly in KFC [75][80] - The company anticipates another strong year of core operating profit growth, targeting at least 8% in 2025 [70][86] - Management acknowledged near-term headwinds but remains optimistic about brand momentum and sales recovery in affected markets [67][70] Other Important Information - The company plans to increase its quarterly dividend to $0.71 per share and has returned $1.2 billion to shareholders through dividends and share buybacks [64][65] - The company is committed to sustainability initiatives, including improving packaging recyclability and participating in reusable cup pilots [36][37] Q&A Session Summary Question: Health of international franchisees and growth trajectory - Management noted improvements in international markets, with KFC's system sales growth in unimpacted markets at 9% for the full year and 10% in Q4 [76][78] Question: 2025 core operating profit growth algorithm - Management indicated confidence in achieving the 8% core operating profit growth target, driven by strong performances from KFC International and Taco Bell US [86] Question: G&A outlook long-term - Management expects G&A as a percentage of system sales to decrease over time, with a low single-digit percentage increase anticipated for 2025 [90][91] Question: KFC US business improvements under new leadership - Management expressed excitement about the new KFC leadership and plans to modernize the consumer experience and enhance digital capabilities [97][98] Question: Technology strategy and Byte by Yum - Management highlighted the advantages of an integrated technology platform, which simplifies operations and enhances franchisee capabilities [102][106] Question: Attracting and retaining technology talent - Management emphasized the company's strong culture and growth opportunities as key factors in attracting top technology talent [126]

Yum Brands (YUM) reported $2.36 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 16%. EPS of $1.61 for the same period compares to $1.26 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.32 billion, representing a surprise of +1.80%. The company delivered an EPS surprise of +1.90%, with the consensus EPS estimate being $1.58.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Yum Brands (YUM) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.90%. A quarter ago, it was expected that this parent company of KFC, Taco Bell and Pizza Hut would post earnings of $1.41 per share when it actually produced earnings of $1.37, delivering a surprise of -2.84%.Over the ...

Yum! Brands exceeded fourth-quarter expectations with a strong performance driven by Taco Bell and KFC International.Yum! Brands (YUM -0.17%), the parent company of fast-food giants like KFC, Taco Bell, and Pizza Hut, delivered notable fiscal results for the fourth quarter of 2024, released on February 6, 2025. The company surpassed market expectations with adjusted earnings per share (EPS) of $1.61, edging past the anticipated $1.60. Revenue for the quarter was recorded at $2.362 billion, which was slightl ...

A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Yum Brands on Thursday reported quarterly earnings and revenue that beat Wall Street estimates, fueled by strong sales for KFC's international restaurants and Taco Bell.Shares of the company rose more than 2% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.61 adjusted vs. $1.60 expectedRevenue: $2.36 billi ...

NEWS Yum! Brands Reports Fourth-Quarter and Full-Year Results Fourth-Quarter Same-Store Sales Growth at Taco Bell of 5%; KFC International Unit Growth of 8% Full-Year GAAP Operating Profit of 4% and Core Operating Profit Growth Excluding 53rd Week of 8% Louisville, KY (February 6, 2025) - Yum! Brands, Inc. (NYSE: YUM) today reported results for the fourth quarter and year ended December 31, 2024. Fourth-quarter GAAP EPS was $1.49 and EPS excluding Special Items was $1.61. Full-year GAAP EPS was $5.22 and EP ...

Wall Street analysts forecast that Yum Brands (YUM) will report quarterly earnings of $1.58 per share in its upcoming release, pointing to a year-over-year increase of 25.4%. It is anticipated that revenues will amount to $2.32 billion, exhibiting an increase of 14% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial est ...