Yum said worldwide system sales, excluding foreign currency translation, grew 2% in Q1 2024, with same-store sales down 3%. GAAP operating profit fell 1% and core operating profit rose 6%.

1. 01

   Yum said worldwide system sales, excluding foreign currency translation, grew 2% in Q1 2024, with same-store sales down 3%. GAAP operating profit fell 1% and core operating profit rose 6%.

2. 02

   The company said GAAP EPS for Q1 was $1.10 ($1.05 a year earlier) and EPS excluding Special Items was $1.15 ($1.06 a year earlier). It cited after-tax negative impacts of $0.08 from investment losses and $0.03 from foreign currency translation in EPS.

3. 03

   The company said KFC division operating profit for Q1 was $313 million (+3%), Taco Bell division operating profit was $208 million (+2%) and Pizza Hut division operating profit was $93 million (-11%). It said Pizza Hut division system sales fell 4% excluding foreign currency translation.

4. 04

   The company said net cash provided by operating activities for Q1 2024 (3 months) was $363 million, and the pre-tax proceeds from the sale of its stake in Devyani International Limited were $104 million. Dividends paid in the same quarter totaled $189 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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