YUM · 10-Q · 2026Q3

YUM BRANDS INC

Filed 2026-11-06 · Consumer · View original filing on EDGAR

Everything YUM's SEC filings said, ranked

Ranked Events

• Capital Return ProgramImportance 83 · Surprise 82
  YUM received approximately $2.4 billion in net proceeds from the Pizza Hut sales during the third quarter of 2026. It used $675 million of those proceeds to repay Revolving Facility drawings, with the majority of the…
• Operating Profit and MarginsImportance 77 · Surprise 82
  Excluding Pizza Hut, core operating profit grew 1% in the third quarter and 6% year to date, while reported worldwide operating profit increased 248% and 97%, respectively, primarily reflecting the $1.683 billion Pizza…
• Pizza Hut DivestituresImportance 71 · Surprise 60
  YUM completed the sale of Pizza Hut mainland China to Yum China on August 7, 2026, for $1.2 billion and sold Pizza Hut Ex-China to LongRange Capital on September 1, 2026, for $1.2 billion of net proceeds. The two…
• Guidance and OutlookImportance 56 · Surprise 24
  YUM reported annual operating cash flows exceeding $2.0 billion in 2025 and expects continued strong operating cash flows in 2026. Management intends to use cash flows to invest in growth and pay dividends, returning…
• IRS Tax DisputeImportance 56 · Surprise 24
  Following an IRS audit of fiscal years 2013 to 2015, the IRS asserts approximately $2.1 billion of underpaid tax and $418 million in penalties for fiscal year 2014, plus approximately $2.4 billion of interest accrued…
• Liquidity and Debt PositionImportance 56 · Surprise 24
  As of September 30, 2026, YUM had $11.5 billion of total debt outstanding, excluding the Revolving Facility balance, finance leases, and debt issuance costs and discounts; approximately 97% was fixed-rate, at an…
• Interest Rate and Refinancing ExposureImportance 50 · Surprise 24
  As of September 30, 2026, approximately 97% of YUM Brands’ $11.5 billion of total debt outstanding, including the impact of interest rate swaps, was fixed at an effective overall interest rate of approximately 4.5%.…
• Food Safety Sales ImpactImportance 45 · Surprise 50
  An industry-wide food safety issue negatively affected Taco Bell U.S. sales in the third quarter of 2026, when U.S. same-store sales declined 4% and company restaurant margins were 20.5%. Taco Bell U.S. same-store…
• Geographic Revenue ConcentrationImportance 42 · Surprise 14
  The United States generated $3,385 million of year-to-date revenue through September 30, 2026, up from $3,085 million in the comparable 2025 period, an increase of 9.7%. The filing identifies the United States and…
• FX / Currency ImpactImportance 32 · Surprise 24
  Foreign currency translation negatively affected System sales by $190 million in the third quarter and $1.0 billion year to date ended September 30, 2026. The year-to-date impact was concentrated in KFC Division, where…
• Same-Store Sales GrowthImportance 31 · Surprise 32
  Worldwide same-store sales were flat in the third quarter and grew 2% year to date, while system sales excluding foreign currency increased 3% and 6%, respectively. KFC same-store sales grew 1% in the quarter and 2%…
• Revenue Performance and MixImportance 31 · Surprise 32
  Worldwide system sales excluding foreign currency translation increased 3% to $14.318 billion in the third quarter and 6% to $41.817 billion year to date, excluding Pizza Hut. KFC system sales excluding FX rose 6% in…
• Operating Expense TrendsImportance 10 · Surprise 6
  KFC’s quarterly general and administrative expense declined excluding FX, mainly because of lower professional fees; year-to-date expense also benefited from lower incentive compensation and professional fees, partly…
• Income Tax Rate ChangesImportance null · Surprise 64
  The year-to-date 2026 effective tax rate was 10.3%, compared with 30.3% in 2025; the third-quarter 2026 rate was 26.1%. The third-quarter 2026 rate was unfavorably affected by tax expense recorded on the Pizza Hut…

Revenue by Product (in millions)

Revenue by Geography (in millions)