Yum! Brands Reports 6.28% Increase in Quarterly Profit
Yum! Brands Achieves 4.50% Revenue Growth in Q2 2024
Yum! Brands, Inc. [YUM] reported a quarterly profit of $607 million for the period ending June 30, 2024, marking a noticeable increase from the previous quarter. This financial performance showcases the company's strong position in the market for Q2 of the year.
The company, headquartered in Louisville, Kentucky, reported to SEC in an 8-K filing $1.28 earnings per share in the quarter, compared to $1.46 in the previous quarter.
Yum! Brands, a renowned name in the Restaurants industry, reported total revenues of $1.76 billion in the current period, reflecting a 4.50% increase compared to the previous quarter. This growth in revenue underlines the company's ongoing strength and performance in the market.
In the current quarter, Yum! Brands experienced a substantial decrease in revenue, showing a decline of 46.94% compared to the same quarter in the previous year. Additionally, the company's profit saw a significant decrease, with a decline of 44.70% in the current quarter compared to the profit in the same quarter of the previous year.
As of August 7, 2024 end of day trading.
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