Yum! Brands Reports Strong Fourth-Quarter Earnings
Yum! Brands, Inc., the parent company of KFC, Pizza Hut, and Taco Bell, has announced its fourth-quarter earnings results. The company’s revenue and earnings per share (EPS) exceeded consensus forecasts, driven by increased sales at Taco Bell and KFC International.
Key Highlights
- Revenue: $1.73 billion (exceeding consensus forecast of $1.69 billion)
- Earnings per share (EPS): $0.94 (exceeding consensus forecast of $0.88)
- System sales growth: 5% year-over-year
- Digital sales growth: 10% year-over-year
Stock Price and Dividend Announcement
The company’s stock price has responded positively to the earnings announcement, with a notable increase in value. Additionally, Yum! Brands has announced a 6% increase in its quarterly dividend, effective for the next quarter.
Key Details
- Dividend increase: 6% (from $0.45 to $0.48 per share)
- Next dividend payment date: [TBA]
- Stock price: [Current stock price]
Company Performance
Yum! Brands’ strong performance is driven by growth in system sales and digital sales. The company’s focus on digital transformation and menu innovation has contributed to its success.