NYSE$YUM
Yum Brands Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Yum! Brands reported strong Q2 2021 results with record unit development and same-store sales growth.
Yum! Brands reported strong second-quarter results, driven by record unit development and 23% same-store sales growth. The company is reinstating its long-term growth algorithm and revising the unit growth component from 4% to between 4% and 5%.
- Worldwide system sales excluding foreign currency translation grew 26%, with KFC at 35%, Taco Bell at 24% and Pizza Hut at 10%.
- Reported 2% unit growth year-over-year and record second-quarter net new unit growth of 603.
- KFC Division opened 522 gross new restaurants in 62 countries.
- Pizza Hut Division opened 210 gross new restaurants in 36 countries.
Headline financials
Revenue & EPS history
Yum · Revenue · Quarterly
$1.6B
Revenue by segment
Yum · $1.46B total across 3 segments · Q2 2021
- KFC Division$682M+66.7%46.6%
- Taco Bell Division$532M+18.5%36.4%
- Pizza Hut Division$249M+6.0%17.0%
Forward guidance
Yum! Brands is reinstating its long-term growth algorithm and revising the unit growth component from 4% unit growth to between 4% and 5% unit growth.
Tailwinds
- Strong second-quarter results driven by record unit development and 23% same-store sales growth
- Each division reported positive same-store sales growth on a 2-year basis
- Investments in digital and off-premise capabilities
- Agility of brands to meet the needs of consumers
- Strong unit-level economics driving accelerated unit development
Headwinds
- Severity and duration of the COVID-19 pandemic
- Food safety and food borne-illness issues
- Health concerns arising from outbreaks of a significant health epidemic
- Changes in economic and political conditions in countries and territories outside of the U.S. where we operate
- Changes in commodity, labor and other operating costs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.0%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.5%
Avg return
30 days after
54%
39 / 72 earnings
Positive
+9.7%
Q4 2024
Best reaction
-18.5%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.4% | -1.3% | -5.5% | |
| Q4 2025 | +0.5% | +0.1% | +0.8% | |
| Q3 2025 | +7.5% | +7.0% | +4.6% | |
| Q2 2025 | +0.9% | +0.5% | +2.3% | |
| Q1 2025 | +1.9% | -0.8% | -2.5% | |
| Q4 2024 | +9.7% | +11.7% | +23.8% | |
| Q3 2024 | +1.2% | +3.4% | +4.0% | |
| Q2 2024 | +2.3% | +2.6% | +0.9% | |
| Q1 2024 | -4.4% | -3.6% | -2.7% | |
| Q4 2023 | +2.5% | +3.2% | +9.7% | |
| Q3 2023 | +2.8% | +4.6% | +5.4% | |
| Q2 2023 | -0.5% | -0.9% | -4.9% | |
| Q1 2023 | -4.6% | -4.5% | -5.9% | |
| Q4 2022 | +1.4% | +2.5% | -3.7% | |
| Q3 2022 | +1.1% | +3.7% | +9.8% | |
| Q2 2022 | -1.7% | -3.0% | -7.7% | |
| Q1 2022 | +0.5% | -4.3% | +3.1% | |
| Q4 2021 | -0.7% | -2.9% | -7.0% | |
| Q3 2021 | -0.7% | -1.1% | -1.3% | |
| Q2 2021 | +7.2% | +8.8% | +7.4% | |
| Q1 2021 | +2.1% | +3.1% | +3.1% | |
| Q4 2020 | +0.6% | -1.5% | -0.4% | |
| Q3 2020 | -1.8% | +1.8% | +12.7% | |
| Q2 2020 | -4.0% | -3.2% | +2.8% | |
| Q1 2020 | -2.1% | -5.9% | +1.7% | |
| Q4 2019 | -4.4% | -2.6% | -16.3% | |
| Q3 2019 | -7.3% | -10.3% | -8.2% | |
| Q2 2019 | +4.3% | +3.1% | +3.8% | |
| Q1 2019 | -2.5% | -1.9% | -2.0% | |
| Q4 2018 | -0.1% | -0.6% | +2.2% | |
| Q3 2018 | +1.8% | +1.2% | +6.7% | |
| Q2 2018 | +3.0% | +2.3% | +9.3% | |
| Q1 2018 | -4.6% | -4.1% | -5.5% | |
| Q4 2017 | -1.0% | -2.9% | +3.5% | |
| Q3 2017 | +6.2% | +9.0% | +12.2% | |
| Q2 2017 | -2.1% | -3.2% | +0.0% | |
| Q1 2017 | +4.0% | +4.2% | +11.5% | |
| Q4 2016 | +2.1% | +3.0% | -3.4% | |
| Q3 2016 | -3.2% | -3.2% | -7.8% | |
| Q2 2016 | +2.4% | +1.6% | +4.3% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | -0.0% | — | — | |
| Q3 2015 | -18.5% | — | — | |
| Q2 2015 | -2.4% | — | — | |
| Q1 2015 | +3.6% | — | — | |
| Q4 2014 | +2.2% | — | — | |
| Q3 2014 | -0.9% | — | — | |
| Q2 2014 | -7.4% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q4 2013 | +7.3% | — | — | |
| Q3 2013 | -6.9% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q1 2013 | +5.2% | — | — | |
| Q4 2012 | -5.8% | — | — | |
| Q3 2012 | +6.1% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | +0.2% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2010 | +1.7% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q2 2010 | -0.3% | — | — | |
| Q1 2009 | +0.2% | — | — | |
| Q1 2010 | +0.5% | — | — | |
| Q2 2009 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q4 2007 | -1.5% | — | — | |
| Q3 2008 | -1.5% | — | — | |
| Q3 2009 | -1.5% | — | — | |
| Q4 2008 | -1.5% | — | — |
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