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Yum! Brands reports Q1 EPS $1.06, consensus $1.13
The Fly

Yum! Brands reports Q1 EPS $1.06, consensus $1.13

Reports Q1 same store sales up 8%. David Gibbs, CEO, said "Our first-quarter results continue to illustrate the power of our global portfolio and the advantages of our business model. The demand for our iconic brands is evident as our incredible teams and franchise partners delivered another strong quarter with system sales growth of 13% excluding Russia, driven by 8% same-store sales growth and continued development momentum. We’re seeing broad-based accelerating digital sales growth leading to a record quarter for both digital system sales of nearly $7 billion and digital sales mix that exceeded 45%. I’m pleased to see the revenue flow through in the quarter translate to 11% core operating profit growth. We’re proud of the strong start to the year and confident we’ll continue to build on our position as the global franchisor of choice."

Published first on TheFly

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