Categories AlphaGraphs, Consumer, Earnings

YUM Earnings: All you need to know about Yum! Brands Q2 2023 earnings results

Yum! Brands, Inc. (NYSE: YUM) reported second quarter 2023 earnings results today.

Total revenues increased 3% year-over-year to $1.68 billion.

Net income grew 86% to $418 million while EPS rose 89% to $1.46 compared to last year. Adjusted EPS increased 33% to $1.41.

While earnings beat estimates, revenues fell short of expectations.

Worldwide system sales grew 13% in the quarter.

The stock was down 2% in premarket hours on Wednesday following the earnings report.

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