Yum! Brands: Reports Fourth-Quarter 2021 Results

Louisville / KY. (yb) Yum! Brands Inc. reported results for the fourth-quarter and year ended December 31, 2021. Fourth-quarter GAAP EPS was USD 1.11, an increase of 3 percent. Full-year GAAP EPS was USD 5.21, an increase of 77 percent. Fourth-quarter EPS excluding Special Items was USD 1.02, a decrease of (12) percent. Full-year EPS excluding Special Items was USD 4.46, an increase of 23 percent.

David Gibbs + Chris Turner Comments

David Gibbs, CEO, said «We opened an astounding 4,180 gross units in 2021, marking the strongest growth year in Yum!’s history and setting a restaurant industry record for unit development. We also reached new heights in digital sales that topped USD 22 billion. I’m confident and energized heading into 2022, which marks Yum!’s 25th anniversary, as we continue to build the world’s most loved and trusted brands while delivering lasting value for our stakeholders.»

Chris Turner, CFO, said «Our fiscal 2021 system sales growth of 13 percent, with 10 percent same store sales and 6 percent unit growth, illustrates the health of our global system – iconic Brands, capable, committed, and well-capitalized franchise partners and strong unit economics. During the quarter, system sales grew 9 percent including 5 percent same store sales growth, or 4 percent on a 2-year basis. We remain focused on fueling growth, with confidence in our Recipe for Growth and Good strategies, and delivering on our long-term growth algorithm in fiscal 2022 and beyond.»

For additional information please read the company’s PDF file below (351 KB):

20220211-YUM-BRANDS-Q4-2022
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