NYSE$YUM

Yum Brands Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Yum! Brands reported fourth-quarter and full-year results, with Taco Bell U.S. delivering notable same-store sales growth and KFC International achieving significant unit expansion.

Yum! Brands reported an 8% worldwide system sales growth, excluding foreign currency translation, driven by KFC, Taco Bell, and Pizza Hut. The company opened 1,804 gross units, leading to 5% year-over-year unit growth. Digital system sales exceeded $9 billion, with a digital mix surpassing 50%. GAAP EPS was $1.49, while EPS excluding Special Items was $1.61.

  • Taco Bell U.S. same-store sales grew by 5%, outpacing the industry.
  • KFC International delivered its second consecutive year with over 2,000 net new units.
  • Digital sales increased by approximately 15%, with the digital mix surpassing 50%.
  • Byte by Yum!, a proprietary Software as a Service digital ecosystem, was announced.

Headline financials

Total Revenue

$2.36B

Previous: $2.04B+16.0%
EPS (adj)

$1.61

Previous: $1.26+27.8%
KFC restaurant count

32.0K

Previous: 29.9K+7.0%
Taco Bell same-store sales growth

5.0%

Previous: 3.0%+66.7%
Taco Bell restaurant count

8.8K

Previous: 8.6K+2.3%
Pizza Hut restaurant count

20.2K

Previous: 19.9K+1.8%
Capital Expenditures

-$106M

Previous: -$106M+0.0%
Net Income

$423M

Previous: $463M-8.6%
Operating Income

$657M

Previous: $609M+7.9%
Gross Profit

$1.05B

Previous: $973M+7.8%

Revenue & EPS history

Yum · Revenue · Quarterly

$2.36B

Q4 2024+16%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Yum · $1.57B total across 3 segments · Q3 2023

  • KFC Division
    $700M-0.6%
  • Taco Bell Division
    $629M+10.7%
  • Pizza Hut Division
    $242M+2.1%

Forward guidance

Yum! Brands expects 2025 to be another on-algorithm year for Core Operating Profit growth.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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