Yum! Brands reports EPS excluding non-recurring items of $1.26 for the last three months of 2023, down 5% on the year-earlier figure, with adjusted operating profit up 8%.

The operator of the KFC, Pizza Hut and Taco Bell brands reported system sales up 5% excluding currency effects (+1% like-for-like), while restaurant margins improved by 1.8 points to 17.4%.

2023 was a record year for development, with the opening of more than 4,700 new outlets", emphasizes CEO David Gibbs, who expects to pass the 60,000-restaurant mark worldwide during 2024.

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