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Shares from Yum! Brands Inc. (NYSE: YUM ) rose more than 1% on Monday. The stock has gained 4% over the past three months. The company is scheduled to report its fourth quarter 2022 results on Wednesday, February 8, before the market opens. Here’s what to expect from the report:
results
Analysts estimate revenue of $1.92 billion for Yum in Q4 2022, which is compared to $1.89 billion reported in Q4 2021. In the third quarter of 2022, revenue increased 2% year-over-year to $1.64 billion.
earnings
Analysts project EPS of $1.26 for the fourth quarter of 2022 which compares to adjusted EPS of $1.02 in the year-ago quarter. In Q3 2022, adjusted EPS was $1.09, down 11% YoY.
Points to note
In the third quarter of 2022, Yum reported 5% growth in same-store sales along with 6% unit growth and 10% system sales growth. The company opened 979 gross units in 74 countries during the quarter, adding to its growing footprint.
The company’s KFC and Taco Bell divisions saw sales growth in the single digits while Pizza Hut reported a 4% decline during the third quarter. Same-store sales in the KFC division rose 7%, with particular strength in regions like India and the Middle East benefiting from strength in digital channels. Growth in system and unit sales during the quarter amid macro pressures demonstrates the resilience of this business in a challenging environment.
The Taco Bell division benefited from menu innovation that led to single-digit growth in same-store sales and same-system sales during the third quarter. Yum is benefiting from international expansion with all units seeing momentum and growth in international markets. In the US, Yum continues to expand despite a challenging environment reflecting the strength of its business.
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