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Form 8-K · Current Report · Filed 2026-07-30

YUM! Brands Reports Strong Q2 2026 Results and Announces Pizza Hut Sale

YUM! Brands, Inc. reported strong financial results for the second quarter of 2026, with GAAP EPS of $3.08 and EPS excluding Special Items at $1.62. The company announced a strategic review of its Pizza Hut business, leading to definitive agreements to sell Pizza Hut, excluding Mainland China, to LongRange Capital and Pizza Hut in Mainland China to Yum China. Worldwide system sales grew 5%, excluding foreign currency translation, and unit count increased by 5%. The KFC and Taco Bell divisions showed robust growth, while the Pizza Hut division faced challenges. The company also provided an update on its long-term growth algorithm and hosted a conference call to discuss these results.

Filer
Yum! Brands, Inc. YUM · NYSE
Filed
Accession
0001041061-26-000149
CIK
0001041061
Signal
High impactConsumer Cyclical

Items reported

Item events

Reported Item

Earnings Beat Strategic Partnership Divestiture Agreement

Market reaction

Close before filing

$151.92

Next session

+0.9%

Since filing

+0.9%

Latest close

$153.28

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from YUM reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, YUM insiders reported 6 Form 4 transactions — net selling of $1.0M.

Full YUM insider history →

About Yum! Brands, Inc.

Yum! Brands, Inc. operates as one of the world’s largest fast-food restaurant companies, specializing in the development and management of globally recognized brands such as KFC, Pizza Hut, and Taco Bell. The company focuses on offering a diverse array of consistent, value-driven food options that cater to a wide range of consumer tastes and preferences. With its entrepreneurial franchise business model, Yum! Brands extends its global footprint across numerous countries, with thousands of restaurants strategically located to reach a vast customer base. A notable feature of the company includes its ability to integrate localized flavors and menu customizations while maintaining brand consistency and operational efficiency. Headquartered in Louisville, Kentucky, Yum! Brands plays a significant role in the quick-service restaurant industry, leveraging its significant scale and brand equity to influence market trends and consumer behavior.

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