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Yum! Brands sees FY25 unit growth at least 4%

Sees FY25 core operating profit growth 8%. Sees FY25 G&A up mid-single digit percentage. Sees FY25 interest expense $500M-$520M. Sees FY25 tax rate 22%-24%. Says Taco Bell is a category of one brand. Says especially encouraged by recoveries in the Middle East. Says comparables rose 9% in Africa. Says in 2025 plans to expand Byte digital platform to five new markets. Says expects to deliver materially higher capital returns than past two years. Says in Q1 will move forward with expedited Pizza Hut closures. Comments and guidance taken from Q4 earnings conference call.

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