Yum! Brands Reports FX Gains at KFC, Pizza Hut Units -- Currency Comment
July 29 2021 - 12:18PM
Dow Jones News
By Paulo Trevisani
Yum! Brands, Inc. said Thursday that foreign currency
translations upped operating profit in some of its KFC and Pizza
Hut divisions in the second quarter.
The company said forex conversions boosted KFC's operating
profit by $23 billion and Pizza Hut's by $4 billion.
The Louisville, Ky., company reported that worldwide system
sales excluding foreign currency translation grew 26% in the
quarter ended June 30 compared to a year earlier.
The WSJ Dollar Index declined 0.7% over the second quarter.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
July 29, 2021 12:10 ET (16:10 GMT)
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