Louisville / KY. (yb) Yum! Brands Inc. reported reported results for the first quarter ended March 31, 2022. Worldwide system sales excluding foreign currency translation grew 8 percent, with 6 percent unit growth and 3 percent same-store sales growth. First quarter GAAP EPS was USD 1.36, an increase of 27 percent year-over-year. First quarter EPS excluding Special Items was USD 1.05, a decrease of (1) percent y-o-y.
Chief Executive’s Commentary
David Gibbs, CEO, said «Our system sales grew 8 percent despite the difficult operating environment, a testament to the demand for our iconic brands and the unmatched operating capabilities of our world-class franchise partners. We set a Q1 development record, opening nearly 1,000 gross units. Momentum in our digital sales continued in the first quarter as a result of both continued system sales growth and digital mix expansion, reaching a Q1 record of approximately USD 6 billion.»
For additional information please read the company’s PDF file below (261 KB):20220505-YUM-BRANDS-Q1-2022