Key PointsYum! Brands' Q1 2024 earnings fell below analyst expectations, with a decline in same-store sales impacting overall performance.The company's digital sales mix exceeded 50%, highlighting its successful transition to online and mobile ordering platforms.Despite short-term headwinds, Yum! Brands remains committed to its long-term growth strategy through global expansion, menu innovation, and digital investments.5 stocks we like better than Yum! BrandsYum! Brands, Inc. NYSE: YUM is a global powerhous ...

Key TakeawaysYum! Brands shares fell after the fast-food restaurant operator reported earnings and revenue that came in short of analysts' expectations. U.S. revenue at KFC slumped 8% and was down 6% at Pizza Hut.Yum! Brands digital sales surpassed 50% for the first time ever. Yum! Brands (YUM) shares lost ground after the fast-food restaurant operator reported weaker-than expected earnings as sales fell at its KFC and Pizza Hut locations. The company reported first quarter adjusted earnings per share (EPS) ...

Yum Brands, the company behind Pizza Hut, KFC and Taco Bell, reported mixed results in its Q1 earnings announcement Wednesday (May 1) with challenges evident in its traditional sales channels, but a significant milestone in its digital growth strategy.Despite a 3% decline in same-store sales worldwide, Yum Brands’ digital efforts reached new heights. The company reported that for the first time, digital transactions accounted for over 50% of its total sales, nearing $8 billion. The overall sales figures ref ...

财务数据和关键指标变化 - 公司第一季度系统销售额增长2%,主要由于单位数量增长6% [29] - 公司第一季度核心营业利润增长6%,超过内部预期,体现了公司业务模式的韧性 [29] - 公司第一季度除特殊项目的一般及管理费用为2.65亿美元,同比下降4%,延续了第四季度的趋势 [30] - 公司第一季度除特殊项目的每股收益为1.15美元,受投资损失和汇率影响 [30] 各条业务线数据和关键指标变化 KFC业务 - KFC全球系统销售额增长4%,主要由于单位数量增长8%,同店销售下降2% [11] - 中东地区冲突影响导致KFC国际同店销售下滑,但其他地区如拉丁美洲、非洲和大亚洲表现强劲 [11][12] - KFC美国同店销售受到不利天气事件和竞争对手的鸡肉优惠活动的影响 [12] Taco Bell业务 - Taco Bell美国系统销售额增长4%,同店销售增长2%,表现优于行业 [13] - Taco Bell美国推出了新的价值菜单和鸡肉坎蒂娜菜单,获得良好反响 [14] - Taco Bell国际系统销售额增长6%,团队专注于提升品牌和品类知名度 [15] Pizza Hut业务 - Pizza Hut美国同店销售下降6%,但2年趋势向好 [16] The Habit Burger Grill业务 - The Habit Burger Grill第一季度系统销售额下降2%,但门店层面利润率同比提升60个基点 [16] 各个市场数据和关键指标变化 - 中东地区冲突对公司部分市场造成影响,但已开始缓解 [8][11] - 拉丁美洲KFC系统销售额增长22%,非洲增长11%,大亚洲增长8% [11][12] - 韩国KFC同店销售增长26%,得益于专注于核心产品、价值和扩大消费者触达 [12] 公司战略和发展方向及行业竞争 - 公司正加速部署人工智能和数据驱动的创新,以更好地服务加盟商,提升消费者体验,创造股东价值 [19][22][24] - 公司数字化转型取得重大进展,数字销售占比超过50%,带来了显著的消费者体验和加盟商生产力提升 [9][20] - 公司在全球范围内保持强劲的门店开发势头,2023年有望超过5%的单位增长 [32][33][34] - 公司在主要市场拥有规模优势和先发优势,为加盟商带来独特的成本和运营优势 [35][36] 管理层对经营环境和未来前景的评论 - 公司预计2023年全年核心营业利润增长至少8%,体现了业务模式的韧性 [8][29][44] - 公司认为Taco Bell美国和KFC国际是其两大增长引擎,前景良好 [66][73] - 公司表示正在积极应对行业挑战,并抓住市场份额增长的机会 [73] - 公司对未来发展充满信心,认为数字化和技术创新将是关键驱动力 [26][45] 问答环节重要的提问和回答 问题1 **Jon Tower 提问** 询问公司如何通过提高效率来降低G&A,以及是否有望达到之前提及的1.7%系统销售的目标 [49] **Chris Turner 回答** 公司正通过部署更多技术平台、提高内部运营效率等方式来降低G&A,长期目标是将G&A占系统销售的比重进一步降低 [49][50] 问题2 **Brian Harbour 提问** 询问公司数字化和技术投资对门店销售和利润的具体影响 [61] **David Gibbs和Chris Turner回答** 公司数字化转型显著提升了消费者体验和加盟商生产力,如Taco Bell美国数字销售占比超过30%,单客单价和频次都有大幅提升 [62][63] 问题3 **David Tarantino 提问** 询问公司一季度销售表现是否符合预期,以及是否有信心在未来季度实现同店销售转正 [72][73] **David Gibbs回答** 公司一季度销售略低于预期,主要受天气等因素影响,但Taco Bell美国二季度销售趋势已有改善。公司有信心全年实现至少8%的核心营业利润增长目标 [73][74]

YUM! Brands, Inc. (YUM) reported first-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Revenues missed the consensus estimate for the fourth straight quarter.Following the results, shares of the company declined 4.4% in the pre-market trading session on May 1.Earnings and Revenue DiscussionYUM’s adjusted earnings per share (EPS) came in at $1.15, lagging the Zacks Consensus Estimate of $1.20. However, the metric increased 9% year over year.Quarterly revenues of $1,598 ...

Yum Brands (YUM) reported $1.6 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.9%. EPS of $1.15 for the same period compares to $1.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of -7.14%. The company delivered an EPS surprise of -4.17%, with the consensus EPS estimate being $1.20.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Yum Brands (YUM) came out with quarterly earnings of $1.15 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.17%. A quarter ago, it was expected that this parent company of KFC, Taco Bell and Pizza Hut would post earnings of $1.39 per share when it actually produced earnings of $1.26, delivering a surprise of -9.35%.Over the ...

A Pizza Hut store is seen on November 01, 2023 in Austin, Texas.Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers.Shares of the company fell 3% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.15 adjusted vs. $1.20 expectedRevenue: $1.6 billion vs. $1.71 billion expectedYum reported first-quarter n ...

全球系统销售额 - Yum! Brands Inc. 第一季度全球系统销售额增长2%，不包括外汇转换，其中KFC增长4%，Taco Bell增长4%，Pizza Hut下降4%[3] 分部销售额 - KFC Division 第一季度系统销售额增长1%，同店销售额下降2%[5] - Taco Bell Division 第一季度系统销售额增长4%，同店销售额增长1%[6] - Pizza Hut Division 第一季度系统销售额下降5%，同店销售额下降7%[7] 利润表现 - Yum! Brands Inc. 第一季度GAAP EPS为$1.10，不包括特殊项目的EPS为$1.15，同比增长5%[3] - KFC Division 第一季度运营利润增长6%，运营利润为313百万美元[5] - Taco Bell Division 第一季度运营利润增长2%，运营利润为208百万美元[6] - Pizza Hut Division 第一季度运营利润下降10%，运营利润为93百万美元[7] 财务数据 - YUM! Brands, Inc. 第一季度总营收为15.98亿美元，同比下降3%[20] - KFC Division 第一季度总营收为6.32亿美元，同比下降8%[21] - Taco Bell Division 第一季度总营收为5.98亿美元，同比增长5%[22] - Pizza Hut Division 第一季度总营收为2.38亿美元，同比下降6%[23] - YUM! Brands, Inc. 第一季度净利润为3.14亿美元，同比增长5%[20] - YUM! Brands, Inc. 第一季度每股收益为1.10美元，同比增长5%[20] 现金流 - YUM! Brands, Inc. 第一季度现金及现金等价物为8.78亿美元，较上一季度增加54亿美元[25] - YUM! Brands, Inc. 第一季度经营活动现金流为3.63亿美元，较去年同期增长14亿美元[25] - YUM! Brands, Inc. 第一季度投资活动现金流为4.5亿美元，较去年同期改善11亿美元[25] - YUM! Brands, Inc. 第一季度融资活动现金流为2.47亿美元，较去年同期改善8.7亿美元[25] 部门表现 - 2024年第一季度，KFC部门的营业利润为3.13亿美元，比2023年同期的3.05亿美元有所增长[34] - 2024年第一季度，Taco Bell部门的公司餐厅利润为1,300万美元，公司销售额为1.05亿美元，公司餐厅利润率为12.2%[35] - 2023年第一季度，Pizza Hut部门的公司餐厅利润为5,000万美元，公司销售额为2.29亿美元，公司餐厅利润率为22.2%[35]

YUM! Brands, Inc. (YUM) is scheduled to report first-quarter 2024 results on May 1, before the opening bell. In the last reported quarter, the company’s bottom line missed the Zacks Consensus Estimate by 9.4%.Q1 EstimatesThe Zacks Consensus Estimate for earnings per share is pegged at $1.20, indicating an increase of 13.2% from the prior-year quarter's level. In the past seven days, the consensus estimate for first-quarter earnings has witnessed a downward revision of 0.8%. The Zacks Consensus Estimate for ...