Financial

Second Quarter 2022 Total Company Revenue of $87 Million, Up 17% Compared to Second Quarter 2021; Led by Increased Event Sales and New Puttery Venues

Posts Record Second Quarter Revenue Up 16%

Total revenue of $230.8 million, up 23.1% versus 2021, including $223.1 million of Shack sales and $7.7 million of Licensing revenue.

Total revenues increased 1.5% to $522.7 million in the second quarter versus prior year second quarter. Revenues increased 5.2% excluding the impact of refranchising 90 restaurants in the first quarter of 2022.

Yum! Brands, Inc. (NYSE: YUM) today reported results for the second quarter ended June 30, 2022. Worldwide system sales excluding foreign currency translation grew 3%, with 4% unit growth and 1% same-store sales growth. Second quarter GAAP EPS was $0.77, a decrease of 40% year-over-year. Second quarter EPS excluding Special Items was $1.05, a decrease of 9% year-over-year.

Consolidated Net Revenues Up 9% to a quarterly record $8.2 Billion – Q3 Comparable Store Sales Up 3% Globally; Up 9% in the U.S. and Up Double Digits Internationally, ex-China

Q2 Diluted EPS of $(0.72) and Adjusted Diluted EPS of $0.68 – Reiterates Full Year Adjusted Profit and EPS Expectations – Raises Full Year Guidance for Total Revenues – Declares Quarterly Cash Dividend of $0.14 per share

System-wide sales increased 7.5% to $633.6 million

Comparable restaurant sales at The Cheesecake Factory restaurants increased 4.7% year-over-year in the second quarter of fiscal 2022.

Operating Income Increases 37.5% and Comparable Restaurant Sales Increase 10.1% as Margins Expand