Yum Brands Inc

Latest Results (19.03.2026):

Yum Brands Inc — Fourth Quarter 2025: Yum Brands Inc (Yum! Brands) reported strong Q4 2025 results with GAAP diluted EPS of $1.91 and EPS excluding Special Items of $1.73. Fourth‑quarter GAAP operating profit rose 12% (Core Operating Profit, excluding the 53rd‑week lap, rose 11%), and full‑year EPS excluding Special Items was $6.05 (up 10%). The company announced a dividend increase and launched a strategic review of the Pizza Hut brand while completing a sizeable Taco Bell store acquisition.

Earnings & profitability

Q4 GAAP diluted EPS was $1.91; EPS excluding Special Items was $1.73. Consolidated Q4 operating profit increased 12% year‑over‑year; Core Operating Profit (exclude F/X and the 53rd week) rose ~11% in the quarter. Full‑year GAAP EPS was $5.55 and EPS excluding Special Items was $6.05 (+10% YoY).

Sales and same‑store performance

Worldwide system sales grew 5% ex‑F/X and excluding the 53rd week, led by Taco Bell (+8%) and KFC (+6%). Brand comps in Q4: Taco Bell same‑store sales +7%, KFC +3%, Pizza Hut roughly flat to down (same‑store ~‑1%).

Unit development

Yum opened 1,814 gross units in Q4, driving ~3% year‑over‑year unit growth. KFC delivered record development with 1,132 gross openings in the quarter and ~2,986 gross new KFC restaurants for the full year across 105 countries.

Digital and mix

Digital system sales exceeded $11 billion in Q4 with a digital mix near 60% (full year approaching $40 billion digital sales, ~60% mix), underscoring heavy digital adoption across the system.

Special items & strategic actions

Q4 included Special Items such as charges related to the Pizza Hut strategic options review (~$32–33M in the quarter) and corporate/headquarter consolidation costs. The company completed a significant Taco Bell U.S. store acquisition and commenced a formal review of strategic options for Pizza Hut.

Dividends & capital allocation

The Board approved a quarterly dividend of $0.75 per share (a 6% increase), payable March 6, 2026 (record Feb 20, 2026). The company continued share repurchases during the year (repurchases and dividends remain part of capital return strategy).

Cash flow & balance sheet highlights

Q4 net income was $535 million; full‑year net income $1.559 billion. Net cash provided by operating activities for 2025 was $2.01 billion. At year‑end total assets were $8.197 billion, long‑term debt $11.872 billion, and shareholders’ deficit reported at $(7.325) billion (per the preliminary year‑end balance sheet disclosures).

Long‑term targets

Yum reiterated its multi‑year targets: ~5% unit growth, ~7% system sales growth (ex‑F/X), and at least 8% Core Operating Profit growth on average over an extended period.