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Tag: Earnings

  • Twitter misses income expectancies around the board, authorizes $4 billion in proportion buybacks

    An individual in a masks walks through the New York Twitter places of work when they introduced they are going to shut their re-opened places of work efficient in an instant in line with up to date CDC pointers all the way through the outbreak of the coronavirus illness (COVID-19) in Big apple, New York Town, U.S., July 29, 2021.

    Andrew Kelly | Reuters

    Twitter reported income for the fourth quarter of 2021 Thursday that ignored analyst estimates on income, earnings and person enlargement.

    Stocks popped greater than 8% all the way through premarket buying and selling.

    Listed here are the important thing numbers:

    Income in step with proportion: 33 cents, adjusted vs 35 cents anticipated, in keeping with a Refinitiv survey of analystsRevenue: $1.57 billion vs $1.58 billion anticipated, in keeping with RefinitvMonetizable Day by day Energetic Customers (mDAUs): 217 million vs 218.6 million anticipated, in keeping with StreetAccount

    The corporate equipped earnings steering for the following quarter starting from $1.17 billion to $1.27 billion, whilst analysts had anticipated about $1.26 billion, in keeping with Refinitv.

    Twitter additionally introduced a brand new $4 billion proportion buyback program. Part of that might be an speeded up proportion repurchase with the remainder being repurchased through the years, the corporate stated.

    In spite of the omit in person enlargement numbers, CFO Ned Segal stated in a observation within the income liberate that its prior to now said targets of attaining 315 million mDAUs in This fall 2023 and no less than $7.5 billion in earnings in 2023 remained the similar.

    The record is the primary beneath new CEO Parag Agrawal after Jack Dorsey stepped down from the function in November. Agrawal, who prior to now served as leader generation officer, were a key participant within the corporate’s efforts to create a decentralized protocol for social media thru Venture Bluesky.

    Agrawal has inherited Dorsey’s competitive inner targets, together with to develop Twitter to 315 monetizable day-to-day energetic customers through the tip of 2023.

    Twitter’s record follows the ones from Fb-owner Meta and Snap, which each reported some macroeconomic demanding situations like provide chain disruptions weighing on advertiser budgets.

    However they reported other levels of affect of Apple’s privateness replace on iOS that makes it more difficult to narrowly goal commercials on iPhones. Whilst Meta stated it anticipated to take a $10 billion earnings hit on account of the adjustments, Snap stated its direct reaction promoting industry used to be improving extra briefly than anticipated.

    Twitter stated final quarter that the Apple adjustments had much less of an affect within the length than anticipated, and that the affect must be modest within the fourth quarter.

    This tale is growing. Test again for updates.

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    WATCH: What is subsequent for Twitter after Jack Dorsey’s departure

  • Coca-Cola profits beat estimates as income rises 10%

    A lady is ingesting Coca-Cola close to Playacar Seaside in Playa del Carmen.

    Artur Widak | NurPhoto | Getty Photographs

    Coca-Cola on Thursday reported quarterly profits and income that crowned analysts’ expectancies.

    However the corporate issued a weaker-than-expected outlook, predicting that upper inflation would proceed to weigh on its profits right through 2022. Rival PepsiCo in a similar fashion warned buyers about emerging prices for packaging and transportation.

    Stocks of Coke rose greater than 1% in premarket buying and selling.

    Here is what the corporate reported for the quarter ended Dec. 31 when compared with what Wall Side road used to be anticipating, in line with a survey of analysts via Refinitiv:

    • Income consistent with percentage: 45 cents adjusted vs. 41 cents anticipated
    • Earnings: $9.46 billion vs. $8.96 billion anticipated

    The beverage massive reported fourth-quarter web source of revenue of $2.41 billion, or 56 cents consistent with percentage, up from $1.46 billion, or 34 cents consistent with percentage, a 12 months previous.

    Apart from pieces, Coke earned 45 cents consistent with percentage, beating the 41 cents consistent with percentage anticipated via analysts surveyed via Refinitiv.

    Internet gross sales rose 10% to $9.46 billion, topping expectancies of $8.96 billion.

    Learn the overall profits document right here.

    It is a breaking information tale. Please test again for updates.

  • PepsiCo beats on fourth-quarter profits, however warns of value force

    On this picture representation PepsiCo merchandise are proven on October 05, 2021 in Chicago, Illinois.

    Scott Olson | Getty Pictures

    PepsiCo on Thursday beat expectancies for fiscal fourth-quarter profits and income, however warned of value pressures forward from the emerging worth of transportation and packaging.

    Stocks rose about 1% in premarket buying and selling, in spite of the corporate’s full-year outlook falling in need of what analysts predicted.

    Pepsi is feeling the affects of inflation throughout its companies. With Frito-Lay North The usa, the maker of Lay’s potato chips and Cheetos, it has needed to pay extra for cooking oil and packaging. With PepsiCo Drinks North The usa, transportation and commodities have develop into pricier.

    Here is what the corporate reported when compared with what Wall Boulevard was once anticipating for the fiscal fourth-quarter ended Dec. 25, in response to a survey of analysts by means of Refinitiv:

    Income in step with proportion: $1.53 adjusted vs. $1.52 expectedRevenue: $25.25 billion vs. $24.24 billion anticipated

    The meals and beverage massive’s web source of revenue for the quarter got here in at $1.32 billion, or 95 cents in step with proportion. That is down from $1.85 billion, or $1.33 in step with proportion, a 12 months previous.

    With the exception of pieces, Pepsi earned $1.53 in step with proportion, topping the $1.52 in step with proportion anticipated by means of analysts surveyed by means of Refinitiv.

    Web gross sales greater 12% to $25.25 billion, upper than expectancies of $24.24 billion.

    The corporate’s natural income, which strips out the affect of acquisitions and divestitures, rose 11.9% within the quarter. In 2022, Pepsi stated it expects natural income expansion of 6%.

    Pepsi stated it expects to go back about $7.7 billion to shareholders within the coming 12 months, together with dividends of $6.2 billion and proportion buybacks totaling $1.5 billion.

    Stocks of Pepsi are up 23% over the last three hundred and sixty five days. The corporate’s inventory closed Wednesday at $171.94, bringing the corporate’s marketplace worth to $237.73 billion.

    Learn the corporate’s press unlock right here.

    This tale is creating. Please take a look at again for updates.

  • Societe Generale beats expectancies to publish its easiest annual efficiency ever

    This picture, taken on October 28, 2019, displays the emblem of the Societe Generale financial institution, in Ouistreham, Normandy, France.

    SAMEER AL-DOUMY | AFP | Getty Photographs

    Societe Generale beat analyst expectancies on Thursday, posting its best possible ever benefit in 2021.

    The lender reported a internet source of revenue of five.64 billion euros ($6.44 billion) for the entire 12 months 2021. Analysts had anticipated internet source of revenue to return in at 4.4 billion euros for the length, consistent with Refinitiv.

    Having a look at simply the quarterly numbers, the French financial institution reported a internet source of revenue of one.79 billion euros within the ultimate 3 months of 2021, additionally upper than the 1.3 billion euros anticipated by way of analysts.

    “2021 marks a milestone for the Societe Generale Team, which completed the most productive monetary leads to its historical past,” Frederic Oudea, the financial institution’s leader government officer, mentioned in a remark.

    The consequences were given a spice up from a powerful efficiency in SocGen’s international banking and investor answers department, the place internet banking source of revenue rose by way of 25.2% at the earlier 12 months.

    “Fairness task loved its easiest 12 months since 2009,” the financial institution mentioned in a remark, noting that revenues hit 3.15 million euros in 2021 as opposed to 1.275 million euros in 2020.

    SocGen’s asset and wealth control divisions additionally reported an annual soar in revenues, up 6.1%.

    Against this, income from fastened source of revenue and forex actions on the financial institution slipped 19.2% from the former 12 months, however this was once offset by way of different portions of the worldwide banking department.

    Different highlights for the fourth quarter:

    Team revenues hit 6.6 billion euros, up by way of 13.4% from a 12 months in the past.Working bills rose by way of 4.9% from a 12 months in the past.CET 1 ratio, a measure of financial institution solvency, reached 13.7%.Percentage buyback

    Societe Generale reported a miles lower price of chance in 2021 as opposed to 2020. It got here in at at 700 million euros for 2021, in comparison to 3.3 billion euros in 2020. Banks needed to build up their provisions in 2020 to care for possible defaults on the top of the pandemic.

    “The price of chance is anticipated to be underneath 30 foundation issues in 2022,” the financial institution mentioned.

    The financial institution could also be proposing to pay a dividend of one.65 euros in keeping with proportion and introduced it’s launching a buyback program for a complete quantity of about 915 million euros.

    Stocks of Societe Generale are up by way of round 100% during the last twelve months.

  • Shares making the largest strikes after hours: Disney, Uber, Mattel and extra

    Basic perspectives of the Mickey Mouse Ferris Wheel at Disney California Journey Park on the Disneyland Lodge, which has reopened for out of doors eating and buying groceries on April 11, 2021 in Anaheim, California.

    AaronP | Bauer-Griffin | GC Pictures | Getty Pictures

    Take a look at the corporations making headlines after the bell.

    Walt Disney — Stocks of Disney popped greater than 6% after the corporate reported an profits beat for its most up-to-date quarter. Disney stated it doubled its income in its parks, stories and client merchandise department, as extra visitors attended theme parks, stayed in branded lodges and booked cruises. It additionally reported general subscriptions for its streaming carrier that beat estimates.

    Uber — Uber jumped 5% after the corporate beat analyst estimates on quarterly income and stated trade is beginning to jump again from omicron-induced demanding situations. Income within the corporate’s mobility department was once up 67% from the similar time a 12 months in the past, and supply income was once up 34%, the corporate reported.

    Mattel — The toy and recreation maker’s stocks climbed greater than 10% after the corporate reported fourth-quarter profits of 53 cents according to percentage, when compared with a Refinitiv consensus estimate of simply 30 cents according to percentage. Income of $1.79 billion additionally crowned analysts’ estimates of $1.66 billion.

    Twilio — The instrument maker’s stocks soared about 20% after the corporate reported a income beat and ambitious quarterly steering. Its fourth-quarter income was once virtually 10% upper than analysts anticipated. The corporate additionally stated it noticed good points from its acquisitions of Section and Zipwhip.

    MGM Lodges Global — The lodge and on line casino operator noticed its stocks upward thrust 3% after it reported a beat at the most sensible and backside traces. The corporate stated its Las Vegas Strip inns noticed an occupancy fee of 86% all through the quarter, when compared with a 38% occupancy fee all through the similar duration a 12 months previous.

  • Uber beats on earnings, says core trade is bouncing again after omicron surge

    Dara Khosrowshahi, leader govt officer of Uber Applied sciences Inc., speaks right through an interview in San Francisco, on Tuesday, Dec. 14, 2021.

    David Paul Morris | Bloomberg | Getty Pictures

    Uber reported fourth-quarter profits after-the-bell on Wednesday. The corporate beat analyst estimates on earnings for the quarter and stated it is beginning to leap again from headwinds led to through the omicron coronavirus surge.

    The corporate’s inventory was once up greater than 5% in after hours buying and selling.

    Listed here are the important thing numbers:

    • Profits in line with proportion: 44 cents, which isn’t similar to estimates.
    • Income: $5.78 billion vs $5.34 billion, consistent with a Refinitiv survey of analysts.

    The corporate reported a internet source of revenue of $892 million, which incorporates a $1.4 billion internet get advantages, pre-tax, associated with its fairness investments.

    Its adjusted EBITDA, or profits ahead of hobby, taxes, depreciation and amortization, was once $86 million. That is up $540 million from the similar quarter a 12 months in the past.

    This is how Uber’s biggest trade segments carried out within the fourth quarter of 2021:

    • Mobility (gross bookings): $11.3 billion, up 67% year-over-year
    • Supply (gross bookings): $13.4 billion, up 34% year-over-year

    The corporate’s supply phase, which contains its Uber Eats trade, has endured to carry up. In an replace to shareholders, the corporate stated that its selection of supply traders grew to greater than 825,000. Supply earnings of $2.42 billion outperformed the $2.28 billion generated through its core ride-hailing trade. Freight earnings was once up 245% year-over-year to $1.08 billion.

    In a observation, Uber CEO Dara Khosrowshahi stated that the omicron coronavirus variant weighed on its trade, however numbers are beginning to recuperate.

    “Whilst the Omicron variant started to affect our trade in past due December, Mobility is already beginning to leap again, with Gross Bookings up 25% month-on-month in the newest week,” Khosrowshahi stated.

    Executives are anticipated to additional remark at the corporate’s first-quarter experience and supply projections right through its investor name set for five p.m. ET. In a different way, Uber has endured to turn indicators of pandemic restoration within the U.S.

    Uber reported 1.77 billion journeys at the platform right through the quarter, up 8% from the prior quarter and 23% from 2020. Per month lively platform customers reached 118 million, additionally up 8% within the quarter. Drivers and couriers earned an combination $9.5 billion within the quarter.

    Any other marker of pandemic restoration, airport gross bookings represented 13% of its mobility gross bookings. That marks a 24% build up over the 3rd quarter and just about 200% from the similar length a 12 months in the past.

    For its first quarter of 2022, Uber stated it’s projecting gross bookings of $25 billion to $26 billion. It anticipates adjusted EBITDA of $100 million to $130 million.

    Uber’s biggest American competitor Lyft reported their fourth-quarter financials Tuesday. The corporate beat estimates on adjusted profits in line with proportion and earnings however stated it had fewer lively riders than within the prior quarter. It additionally warned that omicron was once weighing on its first-quarter effects.

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  • Twilio spikes after main earnings beat and impressive quarterly steerage

    Jeff Lawson, CEO, Twilio

    Scott Mlyn | CNBC

    Stocks of cloud communications device builder Twilio jumped up to 29% after the corporate issued fourth-quarter effects and quarterly earnings steerage that sped previous expectancies.

    This is how the corporate did:

    Profits: Lack of 20 cents in line with percentage, vs. lack of 22 cents in line with percentage as anticipated by way of analysts, in line with Refinitiv.Earnings: $842.7 million, vs. $767.8 million as anticipated by way of analysts, in line with Refinitiv.

    Earnings greater 54% 12 months over 12 months, in comparison with 65% enlargement within the 3rd quarter, in line with a observation.

    With recognize to steerage, Twilio referred to as for a first-quarter adjusted internet lack of 26 cents to 22 cents in line with percentage on $855 million to $865 million in earnings. Analysts polled by way of Refinitiv were on the lookout for an adjusted lack of 5 cents in line with percentage on $802.9 million in earnings for the primary quarter.

    Executives will speak about the effects on a convention name beginning at 5 p.m. ET.

    That is breaking information. Please test again for updates.

    WATCH: Twilio’s inventory should not be punished for brief time period blip in a long run enlargement tale, CEO says

  • CVS fourth-quarter profits most sensible expectancies as Covid vaccines elevate general shop gross sales

    CVS Well being stated Wednesday that call for for Covid vaccines and at-home exams lifted general shop gross sales, serving to the corporate most sensible expectancies for fourth-quarter profits.

    Stocks fell 5.45% to near Wednesday at $104.79, after the corporate reiterated somewhat than raised its fiscal 2022 forecast previous within the day.

    The drugstore chain and health-care corporate administered greater than 8 million Covid exams and greater than 20 million Covid vaccines within the fourth quarter, a vital bounce from the just about 17 million photographs administered in the second one quarter, and the 11.6 million that it gave within the 3rd.

    CVS has performed a key function within the nation’s reaction to the coronavirus pandemic, at the side of competitor Walgreens Boots Alliance. Covid-related products and services have ended in a spice up in its retail and pharmacy trade over the last 12 months, in particular right through the vacation quarter when shoppers sought out booster photographs and at-home exams forward of gatherings.

    Here is what the corporate reported for the three-month duration ended Dec. 31, in comparison with what analysts have been anticipating, in accordance with a survey of analysts by way of Refinitiv:

    Profits according to percentage: $1.98 adjusted vs. $1.93 expectedRevenue: $76.60 billion vs. $75.67 billion anticipated

    Led by way of its new CEO, Karen Lynch, CVS is increasing into extra health-care products and services and pledging to make use of its scale to cut back prices and toughen results. The corporate is combining the other portions of its trade: An enormous nationwide footprint of drugstores; its insurance coverage trade, Aetna; and pharmacy advantages supervisor, Caremark.

    On an profits name, she known as the corporate’s management of hundreds of thousands of Covid exams and vaccines “an impressive instance of the connection we are construction with shoppers, which ends up in new consumers searching for a variety of alternative fitness products and services at CVS Well being.”

    CVS reported fiscal fourth-quarter internet source of revenue of $1.31 billion, or 99 cents according to percentage, up from $973 million, or 74 cents according to percentage, a 12 months previous.

    The corporate stated its internet source of revenue from proceeding operations used to be 98 cents. Nevertheless it earned $1.98 according to percentage, after changes, which used to be greater than the $1.93 according to percentage anticipated by way of analysts surveyed by way of Refinitiv.

    CVS is overhauling its shops to compare that health-care center of attention. Beginning this spring, it plans to shutter about 900 places – or 9% of the corporate’s kind of 10,000 U.S. shops – over the following 3 years.

    The corporate’s working source of revenue within the quarter dropped by way of just about 12%, with a lot of that coming from a shop impairment fee of about $1.4 billion because it wrote down rentals for belongings and kit to devise for the ones closures.

    Overall income for the duration rose to $76.60 billion from $69.55 billion a 12 months previous, exceeding expectancies of $75.67 billion.

    Similar-store gross sales at CVS rose by way of 13.4% within the fourth quarter. CVS stated it noticed upper prescription volumes, front-of-store gross sales and vaccinations right through the most recent duration. It stated it additionally benefited from the expansion of forte pharmacy.

    Throughout CVS’ trade segments, retail/long-term care income grew 12.7% to $27.11 billion, health-care advantages income greater 8.4% to $20.7 billion and pharmacy products and services income rose 8.2% to $39.34 billion.

    Covid vaccinations, diagnostic exams and gross sales of over the counter take a look at kits accounted for approximately 40% of the rise within the retail section’s income.

    Within the coming fiscal 12 months, CVS stated it expects profits from proceeding operations to vary between $7.04 and $7.24 according to percentage and changed profits to vary between $8.10 and $8.30 according to percentage.

    Leader Monetary Officer Shawn Guertin stated CVS is keeping up somewhat than elevating its forecast after seeing a few of its trade pulled ahead. He stated call for for booster photographs jumped previous than anticipated — within the fourth quarter, somewhat than the primary quarter of 2022.

    In 2022, Guertin stated the corporate anticipates the selection of vaccines administered will drop roughly 70% to 80%, and the quantity of in-store diagnostic checking out will decline 40% to 50% in comparison with 2021. He stated CVS expects “modest full-year quantity expansion” for at-home Covid exams.

    Stocks of CVS are up 43% over the last twelve months, as of Wednesday’s shut. The corporate’s marketplace worth is $138.33 billion.

    Learn the corporate’s press unlock right here.

  • Disney profits are out – listed here are the numbers

    Bob Chapek, CEO of the Walt Disney Corporate and previous head of Walt Disney Parks and Stories, speaks all the way through a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019.

    Patrick T. Fallon | Bloomberg by the use of Getty Pictures

    Disney reported profits after the bell. Listed below are the effects.

    Income consistent with proportion: $1.06 adj. vs 63 cents anticipated, consistent with a Refinitiv survey of analystsRevenue: $21.82 billion vs $20.91 billion anticipated, consistent with RefinitivDisney+ general subscriptions: 129.8 million vs 125.75 million anticipated, consistent with StreetAccount

    Executives up to now mentioned they be expecting subscriber enlargement for Disney+ to be more potent in the second one part of the yr in comparison to the primary, with unique content material being launched at the platform in This fall 2022.

    Disney has leaned into the tech house increasingly more, with its leader govt even giving a nod to the metaverse on its closing profits name, relating to the digital global firms like Fb-owner Meta are seeking to create.

    “Suffice it to mention our efforts up to now are simply a prologue to a time when we will have the ability to attach the bodily and virtual worlds much more carefully, taking into account storytelling without borders in our personal Disney metaverse,” CEO Bob Chapek mentioned all the way through closing quarter’s name.

    As pandemic restrictions have eased and vaccination uptake picked up, Disney had persevered to peer a rebound in its parks in the course of the earlier quarter, generating certain working source of revenue in Q3 for the primary time for the reason that well being disaster started.

    The resurrection of the theme park trade is significant to Disney’s base line. In 2019, the phase, which incorporates cruises and accommodations, accounted for 37% of the corporate’s $69.6 billion in general income.

    The home field place of business, too, has began to peer a restoration in contemporary months. Whilst analysts be expecting the film theater industry’ rebound to stay muted till mid-2022, the good fortune of “Spider-Guy: No Means House,” a co-production between Disney and Sony launched in December, bodes neatly for the corporate’s theatrical long term.

    It is unclear what % the Space of Mouse gets from the newest Wonder Cinematic Universe movie, as phrases of the deal between the 2 studios hasn’t ever been disclosed, however Disney is anticipated to get a work of the movie’s $1.77 billion international haul.

    Buyers will have to be expecting Disney to double-down on theatrical releases for its primary tentpole movies going ahead, which can cut back cannibalization of price ticket gross sales from day and date streaming releases.

    This tale is growing. Test again for updates.

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    WATCH: Streaming platforms should spend billions to handle standing, says Evercore’s Mahaney

  • Taco Bell mum or dad Yum Manufacturers misses profits estimates as upper prices weigh on earnings

    Shoppers dressed in Taco Bell foam taco hats go out the corporate’s eating place, a unit of Yum! Manufacturers Inc. in Bangkok, Thailand.

    Brent Lewin | Bloomberg | Getty Photographs

    Yum Manufacturers on Wednesday reported combined effects for its fourth quarter as upper prices weighed on earnings, resulting in an profits omit.

    Stocks of the corporate rose greater than 4% in early buying and selling.

    Here is what Yum reported for the quarter ended Dec. 31 in comparison with what Wall Boulevard used to be anticipating, according to a survey of analysts via Refinitiv:

    • Income according to proportion: $1.02 adjusted vs. $1.09 anticipated
    • Earnings: $1.89 billion vs. $1.88 billion anticipated

    Yum reported fourth-quarter web source of revenue of $330 million, or $1.11 according to proportion, down from $332 million, or $1.08 according to proportion, a yr previous.

    Aside from pieces, the corporate earned $1.02 according to proportion, falling wanting the $1.09 according to proportion anticipated via analysts surveyed via Refinitiv.

    Taco Bell, KFC and Pizza Hut all noticed corporate eating place margins shrink all through the quarter. Around the eating place trade, operators were coping with upper meals, freight and hard work prices.

    Internet gross sales rose 8% to $1.89 billion, topping expectancies of $1.88 billion. Yum reported same-store gross sales enlargement of five% in comparison with the year-ago duration and four% on a two-year foundation.

    Taco Bell reported the best possible bounce in same-store gross sales enlargement of Yum’s portfolio. The Mexican-inspired chain noticed its same-store gross sales climb 8% after a number of weaker quarters, harm via a loss of late-night and morning shoppers. Taco Bell offered a brand new line of breakfast burritos within the quarter as a part of a bid to rejuvenate morning gross sales. Just about 20% of Taco Bell transactions within the U.S. are virtual orders, executives mentioned on an profits name.

    KFC’s same-store gross sales rose 5% within the quarter. Within the U.S., its second-largest marketplace, same-store gross sales jumped 4%. Call for for its made over rooster sandwich has stayed robust, accounting for 9% of the chain’s product combine now, up from 1% prior to the reformulation. KFC’s home marketplace accounts for lower than a 5th of its systemwide gross sales. Shrinking systemwide gross sales in China, its greatest marketplace, weighed at the chain’s general same-store gross sales enlargement.

    Pizza Hut reported same-store gross sales enlargement of three%. The chain’s U.S. same-store gross sales ticked up simply 1% within the quarter because the marketplace confronted tricky comparisons with final yr’s same-store gross sales enlargement. Within the U.S., Pizza Hut has been seeking to mount a comeback, an effort that used to be first of all helped via hovering call for for its pizza all through lockdowns. Executives mentioned the Covid omicron variant put drive on pizza supply as a result of a scarcity of drivers.

    “I feel the excellent news is we consider, as [CEO David Gibbs] mentioned, that we are previous the height more than likely two or 3 weeks in the past, and we have been speaking to our CEOs [Tuesday] that issues have got much better within the final couple of weeks,” mentioned Yum CFO Chris Turner.

    In 2022, Yum expects to go back to its long-term purpose of same-store gross sales enlargement in a spread of two% to three% and unit enlargement of four% to five%.

    Learn the entire profits document right here.