Yum! Brands FY 2025 company-owned unit count jumps to 1,617 (+23%)

Reuters
Feb 21
Yum! Brands FY 2025 company-owned unit count jumps to 1,617 (+23%)

Yum! Brands reported FY 2025 total revenues of USD 8.21 billion (+9%) and operating profit of USD 2.57 billion (+7%). Net income was USD 1.56 billion (+5), with diluted EPS of USD 5.55 (+6); diluted EPS excluding special items was USD 6.05 (+10), including special items EPS of USD (0.50). Effective tax rate was 24.9% (up 3.1 ppts.). System sales were USD 68.3 billion, with system sales growth of 4% and same-store sales growth of 3%. Total restaurants reached 63,285 (+3%), including 4,567 gross unit openings and 1,939 net new units. By division in FY 2025, system sales excluding FX rose 5% at KFC, 7% at Taco Bell and fell 3% at Pizza Hut; same-store sales were +3% at KFC, +7% at Taco Bell and (1)% at Pizza Hut. Core operating profit rose 9% at KFC and 8% at Taco Bell, and fell (9)% at Pizza Hut. Corporate updates included the start of a strategic options review for Pizza Hut intended to be completed in 2026, with USD 41 million of related charges recorded as special items in FY 2025. Yum! Brands also recorded USD 27 million of special-item charges tied to a U.S. brand headquarters consolidation (including donating its Louisville, Kentucky corporate headquarters), and USD 7 million of special-item charges related to the acquisition of 128 Taco Bell Southeast U.S. restaurants for approximately USD 670 million. The company also cited the closure of 283 KFC and 254 Pizza Hut restaurants in Turkey during Q1 2025 following termination of franchise agreements with IS Gida A.S. for failing to meet standards.

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