Quarterly ResultJul 30, 2026, 07:06 AM
Yum! Brands Divests Pizza Hut; Q2 EPS $3.08, System Sales +5%
AI Summary
Yum! Brands reported strong second-quarter results, with GAAP EPS of $3.08 and worldwide system sales growth of 5% excluding foreign currency translation. The company also announced definitive agreements to sell its Pizza Hut business to LongRange Capital (excluding Mainland China) and Yum China (for Mainland China), aiming to maximize shareholder value and focus its portfolio. Taco Bell showed robust performance with 7% same-store sales growth, while KFC unit growth was 7%.
Key Highlights
- Divestment of Pizza Hut business to LongRange Capital and Yum China announced.
- Q2 GAAP EPS was $3.08, a 131% increase year-over-year.
- Q2 EPS excluding Special Items was $1.62, up 12% year-over-year.
- Worldwide system sales grew 5% (excluding F/X) in Q2.
- Worldwide unit count increased 5% with 1,053 gross new units.
- Taco Bell Division same-store sales grew 7% in Q2.
- KFC Division unit count grew 7% in Q2.
- Digital system sales (excluding Pizza Hut) exceeded 60% of total sales.
Price Impact
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