Yum! Brands
Global franchisor of KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill.
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Profile
Owns KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill, spanning chicken, Mexican-inspired food, pizza, and fast-casual burgers. Earns mainly royalties and franchise fees from a global system run almost entirely by independent operators, while Pizza Hut is under definitive sale agreements.
Franchises and operates KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill across more than 64,000 restaurants in 157 countries and territories. KFC and Pizza Hut are predominantly international; Taco Bell and Habit are concentrated in the United States. Pizza Hut remains held for sale under definitive agreements.
Collects royalties and fees from a system run almost entirely by independent franchisees, which fund sites and daily operations. Coordinates brand standards and supply purchasing while developing Byte by Yum tools for ordering, point of sale, kitchens, delivery, menus, inventory, and labor.
Results depend on franchisee investment and financial health, the Yum China master license, and compliance with food-safety, labor, privacy, and franchise rules across jurisdictions.
Company facts
Categories
Key statistics
Year to date +2.2% · Average volume (30d) 2.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Argus Research | Reiterate | Buy | $145 | $180 | |
| Jul 31, 2026 | RBC Capital | Reiterate | Sector Perform | $165 | $170 | |
| Jul 31, 2026 | Deutsche Bank | Reiterate | Hold | $177 | $174 | |
| Jun 3, 2026 | Morgan Stanley | Upgrade | Equal Weight | Overweight | $180 | $185 |
| May 4, 2026 | BMO Capital | Target | $165 | $168 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.57 | $1.62 | +3.2% | $2.18B | $2.17B | −0.5% | +3.34% |
| Apr 29, 2026Q1 FY26 | $1.38 | $1.50 | +8.7% | $2.04B | $2.06B | +0.7% | −0.12% |
| Feb 4, 2026Q4 FY25 | $1.76 | $1.73 | −1.7% | $2.45B | $2.51B | +2.6% | +0.95% |
| Nov 4, 2025Q3 FY25 | $1.49 | $1.58 | +6.0% | $2.00B | $1.98B | −1.1% | −0.11% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | $1.93B | $1.98B | $2.51B | $2.06B | $2.17B | |
| Gross profit | $837.0M | $905.0M | $931.0M | $1.12B | $920.0M | $1.03B | |
| Operating income | $548.0M | $622.0M | $666.0M | $738.0M | $644.0M | $655.0M | |
| Net income | $253.0M | $374.0M | $397.0M | $535.0M | $432.0M | $853.0M | |
| Diluted EPS | $0.90 | $1.33 | $1.41 | $1.92 | $1.55 | $3.08 | |
| Gross margin | 46.8% | 46.8% | 47.0% | 44.5% | 44.7% | 47.3% | |
| Operating margin | 30.7% | 32.2% | 33.6% | 29.4% | 31.3% | 30.2% |
Fiscal years (4-quarter sums)FY21 $6.58B · FY22 $6.84B · FY23 $7.08B · FY24 $7.55B · FY25 $8.21B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $674.0M · Total debt $12.28B · Total assets $8.68B · Shareholders' equity −$7.11B
Dividends
Raised for 8 straight years — most recently to $0.75 from $0.71 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 27, 2026 | May 27 | Jun 12 | $0.75 | |
| Feb 20, 2026 | Feb 20 | Mar 6 | $0.75 | raised from $0.71 |
| Dec 2, 2025 | Dec 2 | Dec 12 | $0.71 | |
| Sep 2, 2025 | Sep 2 | Sep 12 | $0.71 | |
| May 27, 2025 | May 27 | Jun 6 | $0.71 | |
| Feb 21, 2025 | Feb 21 | Mar 7 | $0.71 | raised from $0.67 |
| Dec 2, 2024 | Dec 2 | Dec 13 | $0.67 | |
| Aug 27, 2024 | Aug 27 | Sep 6 | $0.67 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 275.62M · Float 275.21M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 26.19M | 9.50% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 20.02M | 7.26% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 18.00M | 6.53% | 13F | Aug 13, 2026 |
| Capital International Investors | 16.96M | 6.15% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 14.00M | 5.08% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Tracy L. Skeans | officer: COO and CPO | −3,494 | $158.00 |
| Aug 3, 2026 | David Eric Russell | officer: Sr. Vice President, Controller | −7,961 | $153.15 |
| Aug 3, 2026 | Christopher Lee Turner | director, officer: Chief Executive Officer | −261 | $153.15 |
| Aug 3, 2026 | Scott Mezvinsky | officer: KFC Division CEO | −268 | $153.15 |
| Jul 1, 2026 | Christopher Lee Turner | director, officer: Chief Executive Officer | −250 | $160.42 |
Peers
- McDonald's
Global QSR leader overlapping KFC on chicken and Taco Bell on value fast food.
- Domino's Pizza
US pizza market leader pressing Pizza Hut across delivery and carryout.
- Restaurant Brands International
Popeyes vs KFC on US chicken; Burger King overlaps Taco Bell on value QSR.
- Chipotle Mexican Grill
Fast-casual Mexican leader contesting Taco Bell for the Mexican-food consumer.
- Wingstop
Fastest-growing chicken chain in the US, pressuring KFC on wings and tenders.
- Papa Johns
Third-largest US pizza chain competing with Pizza Hut on delivery and carryout.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Yum! Brands | $153.86 | 0.00% | $42.41B | 19.3 | 22.6 | 4.9 | +12.2% |
| McDonald's | $265.11 | +0.04% | $188.28B | 21.5 | 20.0 | 6.8 | +3.7% |
| Domino's Pizza | $348.74 | −0.38% | $11.58B | 19.9 | 17.3 | 2.3 | +4.3% |
| Restaurant Brands International | $78.50 | +0.29% | $27.15B | 23.1 | 18.5 | 2.8 | +4.6% |
| Chipotle Mexican Grill | $38.00 | −0.08% | $48.78B | 34.9 | 30.0 | 3.9 | +9.3% |
| Wingstop | $113.85 | +0.18% | $3.09B | 27.0 | 23.8 | 4.3 | +6.4% |
| Papa Johns | $23.90 | +0.80% | $780.4M | 30.0 | 20.6 | 0.4 | −8.8% |
| Median | 25.0 | 20.3 | 3.4 | +4.4% |