/
Brands, Inc. (referred to herein as YUM , the Registrant or the Company ), was incorporated under the laws of the state of North Carolina in 1997. The principal executive offices of YUM are located at 1441 Gardiner Lane, Louisville, Kentucky 40213, and the telephone number at that location is (502) 874-8300.
Margins and capital returns are both well above average: 31.34% operating margin, ROIC at 16.52%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 8.8%, steady but not accelerating.
Net debt of $12.67B represents 7.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$8.49B
▲ +8.8% YoY
Net Income (TTM)
$1.74B
▲ +4.9% YoY
Op. Margin
31.46%
▼ -0.5pp YoY
ROIC
16.51%
▼ -0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.65B
▲ +14.5% YoY
Op. Cash Flow (TTM)
$2.02B
▲ +19.0% YoY
Net Debt
$14.35B
Cash & Equiv.
$689M
5Y CAGR: +7.8%
5Y CAGR: +7.4%
Continue Research