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Yum Brands (YUM) Q2 2026 earnings
CNBC • • business
Key Points:
- Yum Brands reported mixed Q2 results with adjusted earnings per share of $1.62, slightly beating expectations, and revenue of $2.17 billion, slightly below forecasts.
- The reported results cover the period ending June 30, before the cyclospora outbreak linked to Taco Bell's iceberg lettuce became public.
- Since mid-July, daily traffic at Taco Bell locations has dropped by double-digit percentages due to the outbreak, threatening Taco Bell's role as Yum's key growth driver.
- Other chains like Chipotle have also experienced sales declines amid consumer concerns over fresh lettuce safety.
- Taco Bell's Q2 same-store sales rose 7%, KFC's grew 2%, and Yum's global same-store sales increased 3%, but future earnings may be impacted by the outbreak-related sales downturn.
