Form 10-Q · Quarterly report
Yum! Brands 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0001041061
- Accession no.
- 0001041061-26-000160
Summary
Yum! Brands reported second-quarter 2026 results with worldwide system sales up 5% excluding foreign currency and same-store sales up 3%, led by Taco Bell's 9% system sales growth and 7% same-store sales gain, while Pizza Hut's system sales fell 2% and its GAAP operating profit dropped 12%. During the quarter the company entered definitive agreements to sell Pizza Hut, a deal expected to close at significant book gains in the quarter ending September 30, 2026, and recorded a $359 million net deferred tax benefit tied to that planned sale.
Key points
- Worldwide GAAP diluted EPS was $3.08 for the quarter, up 131%, and EPS excluding special items was $1.62, up 12%.
- KFC division system sales rose 6% excluding currency with same-store sales up 2%, and its GAAP operating profit rose 13%.
- Gross unit openings were 1,053 in the quarter, producing 481 net new units, bringing total units to 64,166.
- Special items included $44 million of charges in the quarter, primarily third-party advising costs for the Pizza Hut strategic options review.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.Management’s Discussion Results of Operations Summary All comparisons within this summary are versus the same period a year ago. Quarterly Financial Highlights: % Change System Sales, ex FX Same-Store Sales Units GAAP Operating Profit Core Operating Profit KFC Division +6 +2 +7 +13 +9 Taco Bell Division +9 +7 +3 +19 +19 Pizza Hut Division (2) (1) +1 (12) (14) Worldwide +5 +3 +5 +5 +5 Year to date Financial Highlights: 29 % Change System Sales, ex FX Same-Store Sales Units GAAP Operating Profit Core Operating Profit KFC Division +6 +2 +7 +14 +9 Taco Bell Division +10 +8 +3 +18 +18 Pizza Hut Division (1) (1) +1 (13) (15) Worldwide +6 +3 +5 +11 +6 Additionally: •Foreign currency…
An excerpt of the text as filed with the SEC, cut for length.
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