Every 10-Q that Yum! Brands, Inc. (YUM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow YUM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full YUM filings page.
Yum! Brands, Inc. reported strong mid‑year results. For the quarter ended June 30, 2026, total revenues were $2,169 million, up 12% year over year, with operating profit of $655 million and net income of $853 million. Diluted EPS was $3.08, aided by a (60.1)% effective tax rate driven primarily by deferred tax benefits tied to the planned Pizza Hut sale, internal Pizza Hut IP reorganizations, and new tax legislation. Diluted EPS excluding Special Items was $1.62, up 12%.
System sales excluding foreign exchange rose 5% in the quarter and 6% year to date, with same‑store sales up 3% and net units up 5% to 64,166 restaurants, 97% franchised. KFC and Taco Bell grew system sales excluding FX by 6% and 9% respectively, while Pizza Hut declined modestly. Taco Bell U.S. saw a meaningful near‑term sales impact from a voluntary removal of certain lettuce, and management expects Taco Bell U.S. company restaurant margin of 19%–21% in the third quarter.
Strategically, Yum entered definitive agreements on June 16, 2026 to sell Pizza Hut in two transactions, expecting about $2.3 billion of net proceeds after taxes and fees, plus up to $75 million in potential earn‑out by 2030; related assets and liabilities are classified as held for sale, and the brand is not treated as a discontinued operation. The Board also added a new $4 billion share repurchase authorization, bringing remaining capacity to $4.389 billion, after repurchasing $670 million of stock year to date. Yum discloses a large contested U.S. tax dispute and an Indian regulatory matter but has not recorded reserves, while noting an unfavorable IRS outcome could materially affect future results.
Yum! Brands (YUM) reported higher Q3 results. Total revenue reached $1.979 billion, up from $1.826 billion, and operating profit rose to $666 million from $619 million. Net income was $397 million versus $382 million, with diluted EPS of $1.41 compared to $1.35.
Year to date, revenue was $5.699 billion versus $5.187 billion. Operating cash flow was $1.393 billion, supporting $592 million in dividends paid and $374 million of share repurchases. The company issued $1.5 billion of new Taco Bell securitization notes and repaid $938 million of older notes, with remaining proceeds for transaction expenses and general corporate purposes.
The effective tax rate increased to 26.7% for the quarter and 30.3% year to date, reflecting a $90 million expense related to the One Big Beautiful Bill Act and a $105 million reserve tied to a Mexican subsidiary matter, partially offset by a $63 million audit benefit. Yum executed agreements to acquire 128 Taco Bell restaurants for approximately $670 million, expected to close in Q4 2025.