Yum! Brands ( (YUM) ) has released its Q4 earnings. Here is a breakdown of the information Yum! Brands presented to its investors.
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Yum! Brands, Inc., headquartered in Louisville, Kentucky, operates a global network of over 61,000 restaurants under the KFC, Taco Bell, Pizza Hut, and Habit Burger Grill brands, specializing in fast food and fast casual dining across various cuisines.
The company’s latest earnings report details significant growth and strategic advancements, showcasing its resilience and innovation in a dynamic consumer landscape. Highlights include a robust increase in core operating profit and substantial digital sales progress.
In the fourth quarter of 2024, Yum! Brands reported same-store sales growth of 5% at Taco Bell and an 8% increase in KFC International units. The company achieved a full-year GAAP operating profit growth of 4%, with core operating profit growth reaching 8% excluding the 53rd week. Notably, Yum! Brands opened 4,535 new stores, and digital sales grew by approximately 15%, with the digital mix exceeding 50%.
The announcement of Byte by Yum!, a proprietary SaaS ecosystem, marks a strategic move to enhance operational efficiency and consumer experience through integrated AI-driven technologies. Additionally, Yum! Brands introduced innovative concepts such as Saucy by KFC and Live Más Cafe by Taco Bell, indicating a commitment to evolving customer preferences.
Looking ahead, Yum! Brands is poised for continued success, driven by its strong brand positioning and strategic investments in technology and innovation. The company anticipates another strong year in 2025, with expectations for sustained core operating profit growth and digital transformation initiatives to further support its growth trajectory.
