Yum! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to Yum! Brands, Inc. in May 2002. Yum! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.

Компания Yum! Brands, Inc. демонстрирует сильные фундаментальные показатели, такие как высокий уровень операционной и чистой прибыли, что указывает на её способность генерировать доход. Показатели ROA и ROI значительно превышают медианные значения по отрасли, что свидетельствует о высокой эффективности использования активов и инвестированного капитала. Тем не менее, мультипликаторы, такие как P/E и P/S, находятся на уровне, значительно превышающем медиану по отрасли, что может свидетельствовать о переоцененности акций. Долговая нагрузка также вызывает опасения, так как долг превышает уровень собственных средств. Дивидендная доходность стабильна, однако её уровень не демонстрирует значительного роста. Таким образом, несмотря на сильные финансовые результаты и высокую рентабельность, высокая оценка по мультипликаторам и долговая нагрузка могут ограничивать дальнейший рост акций, создавая неопределенность для инвесторов.

Yum! Brands, Inc.

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Yum (YUM) Q1 2026 Earnings Transcript

Yum! Brands, Inc. YUM delivered first-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Following the results, the company’s shares are up nearly 1% in the pre-market trading session today.
The company reported adjusted earnings per share of $1.50, up 15.4% year over year and above the Zacks Consensus Estimate of $1.39 by 7.9%. Revenues increased 15.2% to $2.06 billion and topped the $2.01 billion estimate by 2.6%.
Results were powered by Taco Bell’s standout 8% same-store sales gain, while worldwide system sales grew 6% excluding foreign currency translation, signaling steady demand across much of the portfolio.
YUM Starts 2026 With Solid Global Momentum
YUM’s top-line strength extended beyond a single brand. Worldwide same-store sales grew 3% in the quarter, complementing system sales growth and underscoring a consumer environment that remained supportive for the company’s quick-service concepts.
Expansion also contributed. Unit count increased 5% year over year, supported by 1,030 gross new units opened in the quarter, keeping development activity aligned with the company’s long-term growth algorithm.
Yum! Brands, Inc. Price, Consensus and EPS Surprise
Yum! Brands Builds on KFC's Scale and Profitability
KFC continued to be a steady growth and cash-generation engine. The division’s restaurant count climbed 7% year over year to 34,332, reflecting broad-based expansion across markets.
Operationally, KFC delivered higher profitability. For first-quarter 2026, revenues from KFC totaled $879 million, up 14% from the prior-year quarter. Our model predicted the metric to increase 13.2% year over year. Comps in the division rose 2% year over year.
Franchise and property revenues rose 13% to $461 million, while operating profit increased 16% to $383 million. Operating margin improved 70 basis points to 43.6%, helped by stronger company-owned restaurant margins of 10.3%, up 100 basis points.
YUM Leans on Taco Bell for Consistent Growth
Taco Bell extended its growth streak with continued brand momentum. The division’s restaurant base increased 3% to 9,021, reflecting ongoing development progress even as the concept remained in a relatively mature stage in the United States.
Financial performance stayed firm. Taco Bell's revenues were $797 million, up 21% from the year-ago quarter's levels. Our model predicted the metric to increase 8.5% year over year. Comps in the segment increased 8%.
System sales increased 10% to $4,394 million, and franchise and property revenues advanced 7% to $251 million. Operating profit rose 16% to $281 million, though operating margin declined 150 basis points to 35.2%, suggesting less favorable cost leverage. The division opened 30 gross new restaurants and U.S. company-owned restaurant margins were 23.9%.
Yum! Brands Sees Pizza Hut Pressure, Habit Improves
Pizza Hut produced mixed results, with global stability masking notable regional divergence. The division’s restaurant count edged up 1% to 19,944, while system sales increased 3% to $3,114 million and same-store sales were flat overall.
At Pizza Hut, revenues amounted to $253 million, up 10% year over year. Our model predicted Pizza Hut revenues to increase 1.8% year over year. Comps in the quarter were flat year over year.
Profitability weakened at Pizza Hut, with operating profit down 14% to $64 million and operating margin contracting to 25.4%. Regionally, U.S. system sales declined 6% excluding foreign currency translation, while China system sales rose 8% on the same basis. Pizza Hut opened 346 gross new restaurants.
At Habit Burger & Grill, system sales increased 7% and same-store sales grew 5%, supported by six gross new restaurant openings. In the first quarter, the Habit Burger Grill division’s revenues amounted to $130 million compared with $128 million reported in the prior-year quarter. Our model predicted the metric to be $129.4 million. Comps in the division grew 5% year over year.
YUM Highlights Cash Generation and Notable Items
Below the segment line, YUM reported GAAP net income of $432 million and GAAP diluted earnings of $1.55 per share. The effective tax rate was 16.2%, and results comprised special items that shaped comparability, including $37 million of charges tied to the Pizza Hut strategic options review and $44 million of income from a litigation settlement.
Cash flow remained supportive of capital returns. Net cash provided by operating activities totaled $416 million, while capital spending was $75 million. The company repurchased $185 million of stock and paid $207 million in dividends, with dividends declared at $0.75 per share. On the balance sheet, cash and cash equivalents were $689 million at quarter's end, long-term debt totaled $10.21 billion and short-term borrowings rose to $1.74 billion from $38 million at Dec. 31, 2025.
YUM’s Zacks Rank
YUM! Brands currently has a Zacks Rank #3 (Hold).
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Some better-ranked stocks in the Zacks Retail-Wholesale sector have been discussed below.
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FIVE has a trailing four-quarter earnings surprise of 63.4%, on average. The Zacks Consensus Estimate for FIVE’s 2027 sales and EPS indicates growth of 11.3% and 20.2%, respectively, from the year-ago period’s levels.
Victoria's Secret & Co. VSCO currently sports a Zacks Rank of 1. VSCO has a trailing four-quarter earnings surprise of 55.1%, on average.
The Zacks Consensus Estimate for VSCO’s 2027 sales and EPS indicates growth of 6.2% and 15.7%, respectively, from the year-ago period’s levels.
Dutch Bros Inc. BROS carries a Zacks Rank of 2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 41.6%, on average.
The Zacks Consensus Estimate for Dutch Bros’ 2026 sales and EPS indicates growth of 24.6% and 19.7%, respectively, from the prior-year levels.
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YUM Q1 Earnings Beat Estimates on Taco Bell Sales and Digital Growth

Yum Brands (YUM) came out with quarterly earnings of $1.5 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.3 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.26%. A quarter ago, it was expected that this parent company of KFC, Taco Bell and Pizza Hut would post earnings of $1.78 per share when it actually produced earnings of $1.73, delivering a surprise of -2.81%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Yum, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $2.06 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.64%. This compares to year-ago revenues of $1.79 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Yum shares have added about 3.4% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Yum?
While Yum has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Yum was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.60 on $2.17 billion in revenues for the coming quarter and $6.68 on $9.07 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, BJ's Restaurants (BJRI), is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This restaurant chain is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of +3.4%. The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level.
BJ's Restaurants' revenues are expected to be $356.1 million, up 2.3% from the year-ago quarter.
Should You Invest in Yum! Brands, Inc. (YUM)?
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Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Yum Brands (YUM) Q1 Earnings and Revenues Surpass Estimates

Analysts on Wall Street project that Yum Brands (YUM) will announce quarterly earnings of $1.39 per share in its forthcoming report, representing an increase of 6.9% year over year. Revenues are projected to reach $2.01 billion, increasing 12.3% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Yum metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Revenues- Company sales' will likely reach $745.06 million. The estimate indicates a year-over-year change of +22.7%.
According to the collective judgment of analysts, 'Revenues- Franchise and property revenues' should come in at $834.98 million. The estimate indicates a year-over-year change of +6.4%.
The consensus among analysts is that 'Revenues- Franchise contributions for advertising and other services' will reach $423.15 million. The estimate suggests a change of +7.1% year over year.
Analysts forecast 'Revenues- KFC Division- Franchise contributions for advertising and other services' to reach $164.48 million. The estimate points to a change of +10.4% from the year-ago quarter.
Based on the collective assessment of analysts, 'Number of restaurants - Franchise & License - KFC Division' should arrive at 33,675 . The estimate compares to the year-ago value of 31,524 .
It is projected by analysts that the 'Total restaurants - Taco Bell Division' will reach 9,076 . The estimate is in contrast to the year-ago figure of 8,723 .
Analysts expect 'Number of restaurants - Company-owned - Taco Bell Division' to come in at 676 . Compared to the present estimate, the company reported 505 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Number of restaurants - Franchise & License - Taco Bell Division' of 8,400 . The estimate is in contrast to the year-ago figure of 8,218 .
Analysts' assessment points toward 'Total restaurants - Pizza Hut Division' reaching 19,834 . Compared to the present estimate, the company reported 19,786 in the same quarter last year.
Analysts predict that the 'Number of restaurants - Total' will reach 63,481 . Compared to the present estimate, the company reported 60,886 in the same quarter last year.
The average prediction of analysts places 'Number of restaurants - Company-owned - KFC Division' at 505 . The estimate is in contrast to the year-ago figure of 474 .
The consensus estimate for 'System same-store sales - Taco Bell Division - YoY change' stands at 5.4%. Compared to the present estimate, the company reported 9.0% in the same quarter last year.
View all Key Company Metrics for Yum here>>>
Over the past month, shares of Yum have returned +0.4% versus the Zacks S&P 500 composite's +12.8% change. Currently, YUM carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Unveiling Yum (YUM) Q1 Outlook: Wall Street Estimates for Key Metrics

Yum! Brands, Inc. YUM is scheduled to report first-quarter 2026 results on April 29.
YUM’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, the average surprise being 1.2%.
Trend in the Estimate Revision of YUM
The Zacks Consensus Estimate for first-quarter earnings per share (EPS) is pegged at $1.39, indicating a rise of 6.9% from $1.30 reported in the year-ago quarter.
Yum! Brands, Inc. Price and EPS Surprise
For revenues, the consensus mark is pegged at $2 billion. The metric suggests a rise of 12.3% from the year-ago quarter’s figure.
Let us take a look at how things might have shaped up in the quarter to be reported.
Factors Likely to Shape YUM’s Quarterly Results
Yum! Brands’ first-quarter performance is likely to have benefited from digital initiatives, unit expansion and strong demand trends at Taco Bell and KFC. Strong system sales growth, driven by a combination of same-store sales and new unit development, is expected to have supported performance in the to-be-reported quarter. Focusing on technology-enabled operations and data-driven marketing is likely to have aided the company’s first-quarter performance.
Taco Bell’s performance is expected to have remained a key contributor in the first quarter, supported by continued market share gains and broad-based transaction growth across income cohorts. Strong engagement among younger consumers and families, along with sustained momentum in value platforms, menu innovation and loyalty participation, likely reinforced brand traction during the period. In parallel, KFC’s international business is expected to have supported overall system growth, driven by robust unit expansion, continued penetration in underpenetrated markets and an ongoing focus on menu innovation and value-led offerings.
Our model predicts first-quarter revenues from Taco Bell and KFC to rise 8.5% and 13.2% year over year, to $712.8 million and $875.3 million, respectively.
Growth in digital capabilities and franchise-driven revenues is likely to have supported YUM’s top line and margin profile. Investments in the Byte platform and integrated digital infrastructure are expected to have supported operational efficiency, improved customer engagement and enhanced restaurant-level execution. Our model predicts first-quarter property and franchise revenues to rise 6.5% year over year to $835.9 million.
However, elevated costs and ongoing challenges at Pizza Hut are likely to have weighed on first-quarter results. The brand remains under strategic review, with targeted closures of underperforming units and near-term investments expected to pressure operating profit. In addition, integration-related costs and marketing investments are likely to have limited margin expansion during the first quarter. Our model predicts the first quarter total costs and revenues to rise 8.6% year over year to $1.35 billion.
What Our Model Says About YUM Stock
Our proven model does not conclusively predict an earnings beat for Yum! Brands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that's not the case here.
Earnings ESP for YUM: Yum! Brands currently has an Earnings ESP of -1.62%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Yum! Brands’ Zacks Rank: The company currently has a Zacks Rank #3.
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Here are some stocks worth considering from the Zacks Retail-Wholesale sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.
CAVA Group, Inc. CAVA currently has an Earnings ESP of +9.78% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the to-be-reported quarter, CAVA’s earnings are expected to decline 22.7%. CAVA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 26.5%.
The Cheesecake Factory Incorporated CAKE currently has an Earnings ESP of +1.20% and a Zacks Rank of 3.
In the to-be-reported quarter, Cheesecake Factory’s earnings are expected to register a 7.5% year-over-year rise. Cheesecake Factory’s earnings surpassed estimates in each of the trailing four quarters, with an average beat of 9.9%.
Chipotle Mexican Grill, Inc. CMG has an Earnings ESP of +1.80% and a Zacks Rank of 3 at present.
In the to-be-reported quarter, Chipotle’s earnings are expected to register a 17.2% year-over-year decline. Chipotle’s earnings surpassed estimates in each of the trailing four quarters, with an average beat of 3.6%.
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YUM to Post Q1 Earnings: What's in the Cards for the Stock?

Yum! (YUM) Q3 2024 Earnings Call Transcript

Yum (YUM) Q4 2024 Earnings Call Transcript

Yum (YUM) Q2 2025 Earnings Call Transcript

Yum (YUM) Q3 2025 Earnings Call Transcript

(RTTNews) - Pizza Hut, owned by Yum! Brands, Inc. (YUM), on Tuesday said it has relaunched its Hut Rewards program, positioning it as a next-generation membership platform focused on ongoing value, exclusive access and enhanced customer experiences.
The revamped program allows members to earn points on eligible purchases, progress faster through challenges and bonus opportunities, and access an expanded rewards catalog alongside member-only perks.
The company said the initiative aims to go beyond traditional points-based systems by offering continuous engagement, including exclusive experiences tied to cultural events.
Its recent March Madness campaign showcased the platform's capabilities, featuring in-app merchandise drops for members, including a limited-edition Space Jam collaboration collection, that sold out.
The company said customers can join Hut Rewards for free via the Pizza Hut app or online, earning and redeeming points on digital orders while gaining access to exclusive member-first experiences.
Yum! Brands shares closed at $161.82 on Monday, down 0.60%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Yum! Brands, Inc.

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