Yum! Brands had somewhat of a mixed result for the fourth quarter. Earnings per share (EPS) came in at $1.04 a share, beating analysts’ estimate of 96 cents a share. However the EPS was -17.5% lower compared to the same quarter the prior year.
Revenue of $1.558 billion fell short of analysts expectations, and also was slightly less than the year-ago quarter’s figure. However, worldwide same-store sales increased +3%, exceeding analysts' estimate of +2.48% (based on Refinitiv data).
CEO Greg Creed said, "Focus on our four growth drivers, increased collaboration and a new mindset are fueling strong results." He also mentioned, "During 2018, system sales grew 5% with same store sales growth of 2%, and net unit growth of 4%, excluding the impact of Telepizza.”