Net income increased 4% to $397 million compared to last year. GAAP earnings per share grew 5% to $1.41 and adjusted EPS rose 15% to $1.58.
Worldwide same-store sales increased 3%. System sales were up 5%.
Yum announced that it is exploring strategic options for the Pizza Hut brand to maximize long-term value creation for Yum! Pizza Hut, and its franchise partners.
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The company also expects to complete the acquisition of 128 Taco Bell restaurants across the Southeast US in the fourth quarter.
Prior performance
