YUM! Brands Reports on Q2 of FY 2022

08/03/2022

In a press release dated August 3rd Yum! Brands Inc. announced results for the second quarter ending June 30th.

 

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as US$ x 1,000 except EPS)

 

2nd Quarter Ending June 30th

2022

2021

Difference (%)

Revenue:

$1,636,000

$1,602,000

+2.1

Gross profit company units:

$84,000

$103,000

-18.5

Operating income:

$554,000

$567,000

-2.3

Pre-tax Income

Net Income

$390,000

$224,000

$407,000

$391,000

-4.2

-42.7

Diluted earnings per share:

$0.77

$1.29

-40.3

Gross Margin company units (%)

16.8

19.8

-15.2

Operating Margin (%)

33.9

35.4

-4.2

Profit Margin (%)

13.7

24.4

-43.9

Long-term Debt and lease obligations:1

$11,540,000

$11,178,000

+3.2

12 Months Trailing:

 

 

 

Return on Assets (%)

23.1

 

 

Return on Equity (%)

N/A

 

 

Operating Margin (%)

31.5

 

 

Profit Margin (%)

24.8

 

 

Total Assets1

$5,790,000

$5,966,000

-3.0

Intraday Market Capitalization

$34,940,000

 

 

1. June 30th 2022  /  December 31st 2021

 

For Q2 2022:-

 System wide: Sales growth +3.0% (excl. foreign exchange). Same store sales growth 1%. Unit growth 4% (excl. Russia)

 

 KFC Division: Sales $677 million; Operating margin 44.6%; Operating profit $293 million; 26,521 units. Same store sales growth: International, 1%; U.S. (7)%.

 

Pizza Hut Division: Sales $235 million; Operating margin 39.2%; Operating profit $93 million; 18,591 units. Same store sales growth: International, 3%; U.S. (3)%.

 

Taco Bell Division: Sales $586 million; Operating margin 36.7%; Operating profit $215 million; 7,900 units.  Same store sales growth: International, 8%; U.S. 9%.

 

52-Week Range in Share Price:  $108.37  to  $139.85   50-day Moving average  $116.76

Market close pre-release August 2nd $122.36

Market open post-release August 3rd  $120.39

Forward P/E  26.0                  Beta 1.0

 

In commenting on Q3 results, David Gibbs, CEO stated “Our second quarter system sales grew 5 percent excluding Russia, driven by sustained development momentum. Despite a complex operating environment and lapping the strongest same-store sales growth in our history, our global business continues to perform well, led by industry- leading results at Taco Bell U.S. including 8 percent same-store sales growth and in-line margins year-over-year. We are pleased with the continued growth of our digital business with digital sales of nearly $6 billion, fueled by the adoption of our global platforms and capabilities. Our second quarter results demonstrate the resilience and power of our unmatched global scale, unrivaled talent and world-class franchise partners that are the driving force behind the success of our iconic brands.”










































































































































































































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