Yum! Brands reported fourth-quarter 2024 net income of $423 million, or $1.49 per share, on February 6, 2025. Adjusted earnings per share reached $1.61, surpassing Wall Street estimates, while net sales climbed 16% to $2.36 billion, also beating expectations.
For the full year 2024, the company achieved 8% core operating profit growth, excluding the 53rd week benefit, and opened 4,535 new restaurants across more than 100 countries. Digital sales surpassed 50% of quarterly sales, reflecting significant progress in digital transformation.
Yum! Brands also announced the introduction of 'Byte by Yum!', a proprietary Software-as-a-Service (SaaS) AI-driven platform designed to enhance customer experiences and streamline operations across KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill. This platform consolidates existing technology products and is already in use in 25,000 restaurants globally.
In a move to increase shareholder returns, the company raised its quarterly dividend to $0.71 per share, a 6% increase from the previous $0.67 per share. CEO David Gibbs highlighted the resilience of the business model and the strength of Taco Bell U.S. and KFC International as key growth drivers.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.