On November 2nd, YUM! Brands (YUM) reported on Q3 Y 2022, ending September 30th. For the period, the company posted net earnings of $331 million on revenue of $1,640 million with an EPS of $1.14. Comparative values for Q3 of fiscal 2021 were net earnings $528 million on revenue of $1,606 million with an EPS of $1.75. Worldwide same-store sales growth attained five percent
The KFC division comprising 26,872 restaurants posted a seven percent growth in same-store sales, system-wide sales of $3,146 million and company revenue and franchise fees combined of $418 million. The KFC division generated an operating profit of $304 million achieving an operating margin of 43.4 percent.
The Pizza Hut division comprising 18,807 restaurants achieved a one percent growth in same-store sales. System-wide sales amounted to $3,146 million with company revenue and franchise fees of $145 million. The Pizza Hut division generated an operating profit of $92 million and increased operating margin to 39.0 percent.
The Taco Bell division comprising 7,974 restaurants posted a six percent increase in same-store sales with system wide revenue of $3,417 million. Revenue from company stores, franchise fees and other incoming including advertising amounted to $196 million with an operating profit of $204 million attaining an operating margin of 35.9 percent.
In commenting on results David Gibbs, CEO stated, “I’m pleased to report another strong quarter for Yum! with system sales growth of 10 percent excluding Russia, driven by strong demand for our iconic brands, increased digital adoption and continued momentum on unit development. Our three global brands delivered widespread system sales growth, once again demonstrating that our globally diversified business, led by our world-class teams and franchisees, can thrive in any environment.”
On September 30th Yum Brands posted total assets of $5,779 million including goodwill and intangibles of $974 million against long-term debt of $11,517 million. Yum Brands! had a market capitalization of $36,400 million on December 16th. The share has traded over 52 weeks in a range of $103.97 to $139.85 with a 50-day moving average of $120.54. On a trailing 12-month basis, operating margin was 31.2 percent and profit margin 19.1 percent with a return on assets of 21.4 percent. YUM! is held primarily by institutions that collectively hold 80.1 percent of equity.