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YUM! BRANDS, INC.

(YUM)
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Yum! Brands Reports FX Gains at KFC, Pizza Hut Units -- Currency Comment

07/29/2021 | 12:11pm EDT

By Paulo Trevisani

Yum! Brands, Inc. said Thursday that foreign currency translations upped operating profit in some of its KFC and Pizza Hut divisions in the second quarter.

The company said forex conversions boosted KFC's operating profit by $23 billion and Pizza Hut's by $4 billion.

The Louisville, Ky., company reported that worldwide system sales excluding foreign currency translation grew 26% in the quarter ended June 30 compared to a year earlier.

The WSJ Dollar Index declined 0.7% over the second quarter.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

07-29-21 1210ET

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Financials (USD)
Sales 2021 6 582 M - -
Net income 2021 1 407 M - -
Net Debt 2021 10 153 M - -
P/E ratio 2021 26,9x
Yield 2021 1,59%
Capitalization 37 110 M 37 110 M -
EV / Sales 2021 7,18x
EV / Sales 2022 6,77x
Nbr of Employees 38 000
Free-Float 99,1%
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Number of Analysts 27
Last Close Price 125,52 $
Average target price 136,86 $
Spread / Average Target 9,03%
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Managers and Directors
David W. Gibbs Chief Executive Officer & Director
Chris Turner Chief Financial Officer
Brian C. Cornell Non-Executive Chairman
Clay Johnson Chief Technology & Digital Officer
Brian Cahoe Chief Development Officer
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