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Yum Brands (YUM) Q3 2026 earnings
CNBC • • business
Key Points:
- Yum Brands reported adjusted earnings per share of $1.56, beating expectations of $1.49, with revenue matching forecasts at $2.05 billion for the fiscal third quarter.
- The company's net income rose significantly to $1.62 billion, or $5.92 per share, compared to $397 million, or $1.41 per share, a year earlier, excluding gains from divestitures.
- Yum completed the divestiture of Pizza Hut during the quarter, with sales included up to early September, and excluding Pizza Hut, same-store sales were flat due to a 4% decline at Taco Bell.
- Taco Bell's U.S. sales were negatively impacted by a cyclospora outbreak linked to iceberg lettuce, but the brand has rebounded since late September, now outperforming the quick-service restaurant industry in same-store sales growth.
- KFC saw a 1% increase in same-store sales overall, driven by growth in China and Europe, although U.S. system sales declined 6%, making it the chain’s third-largest market.
