The company said GAAP operating profit grew 6% and core operating profit grew 10% in June 30, 2024 for Q2. Worldwide system sales grew 3% excluding foreign currency translation in the same quarter, while same-store sales declined 1%.

1. 01

   The company said GAAP operating profit grew 6% and core operating profit grew 10% in June 30, 2024 for Q2. Worldwide system sales grew 3% excluding foreign currency translation in the same quarter, while same-store sales declined 1%.

2. 02

   The company said GAAP EPS for Q2 was $1.28, down 12% from $1.46 a year earlier, and EPS excluding Special Items was $1.35. It cited a $0.20 negative impact on year-over-year EPS excluding Special Items from a higher current-year tax rate and lower investment income.

3. 03

   The company said Taco Bell division system sales grew 7% excluding foreign currency translation in Q2, same-store sales rose 5%, and operating profit increased 10%. Units in the KFC division rose 8%, while same-store sales declined 3%.

4. 04

   The company said net cash provided by operating activities for the 6 months through June 30, 2024 was $705 million. Over the same period, dividends paid were $377 million, and $174 million was used for the acquisition of KFC U.K. and Ireland restaurants.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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