Yum Brands Inc. completed Pizza Hut sales to Yum China and LongRange Capital on August 7, 2026 and September 1, 2026, with $1.2 billion in proceeds and $1.2 billion of net proceeds, respectively, and a $1.7 billion pre-tax gain.
YUM · Yum Brands Inc
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Yum completed the Pizza Hut divestiture. Taco Bell same-store sales were up approximately 1% quarter to date and roughly 3% over the trailing four weeks, with Q4 restaurant-level margins expected at 21.5% to 23.5%.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 3, 2026TL;DR. YUM completed the Pizza Hut divestitures, received approximately $2.4 billion in net proceeds, recognized a pre-tax gain of approximately $1.7 billion, returned $1.8 billion to shareholders year to date, and expects unit growth above its 5% algorithm. KFC International, digital sales, AI deployments, and Taco Bell's recovery were positives, but U.S. demand and profitability weakened, transition costs and debt maturities remain, and Q4 GNA and net interest expense are guided at $285-$305 million and $130-$140 million, respectively.
- + YUM returned $1.8 billion to shareholders through share purchases and dividends in the first three quarters. new
- + KFC International excluding China delivered 9% system-sales growth and 4% same-store-sales growth. new
- − KFC company restaurant margin fell 140 basis points to 12.3%, primarily due to 15 lower-margin Saucy test stores. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Diluted EPS Growth %, excluding Special Items non-GAAP | 12% | the quarter ended June 30, 2026 filing | — |
| Effective Tax Rate excluding Special Items non-GAAP | 22.3% | the quarter ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP Effective Tax Rate -60.1%
+82.4% Impact on Tax Rate as a result of Special Items
= Effective Tax Rate excluding Special Items 22.3%
|
|||
| Net new units | 481 | the quarter ended June 30, 2026 filing | — |
| System Sales Growth %, reported | 8% | the quarter ended June 30, 2026 filing | — |
| Company restaurant margin % non-GAAP | 16.3% | Quarter ended 6/30/2026 | — |
| Company restaurant profit non-GAAP | $137M | Quarter ended 6/30/2026 | — |
| Core Operating Profit non-GAAP | $683M | Quarter ended 6/30/2026 | — |
| Core Operating Profit grew non-GAAP | 5% | Q2 2026 | — |
| Core Operating Profit grew excluding Pizza Hut non-GAAP | 8% | Q2 2026 | — |
| Gross new units | 1,053 | Q2 2026 | — |
| Habit Burger & Grill Division gross new restaurants | 6 | Q2 2026 | — |
| Habit Burger & Grill Division same-store sales grew | 3% | Q2 2026 | — |
| Habit Burger & Grill Division system sales grew | 7% | Q2 2026 | — |
| KFC Division company-owned restaurant margins | 12% | Q2 2026 | — |
| KFC Division gross new restaurants | 660 | Q2 2026 | — |
| KFC Division Operating Margin | 44.3% | Q2 2026 | — |
| KFC Division Restaurants | 34,747 | Q2 2026 | — |
| Pizza Hut Division gross new restaurants | 333 | Q2 2026 | — |
| Pizza Hut Division Operating Margin | 27.6% | Q2 2026 | — |
| Pizza Hut Division Restaurants | 19,985 | Q2 2026 | — |
| Same-store sales grew excluding Pizza Hut | 4% | Q2 2026 | — |
| System sales grew excluding Pizza Hut, excluding foreign currency translation | 7% | Q2 2026 | — |
| Taco Bell Division gross new restaurants | 54 | Q2 2026 | — |
| Taco Bell Division Operating Margin | 36.4% | Q2 2026 | — |
| Taco Bell Division Restaurants | 9,046 | Q2 2026 | — |
| Taco Bell International same-store sales grew | 5% | Q2 2026 | — |
| Taco Bell International system sales excluding foreign currency translation grew | 13% | Q2 2026 | — |
| Taco Bell U.S. company-owned restaurant margins | 26.2% | Q2 2026 | — |
| Taco Bell U.S. same-store sales grew | 7% | Q2 2026 | — |
| Unit count grew excluding Pizza Hut | 6% | Q2 2026 | — |
| Unit count increased | 5% | Q2 2026 | — |
| Unit Growth | 7% | Q2 2026 | — |
| Worldwide system sales grew, excluding foreign currency translation | 5% | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Restaurants — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
YUM
this stock
Yum Brands Inc
|
$43.28B | +6.6% | +8.8% | 13.0 | 4.7% |
|
MCD
Mcdonalds Corp
|
$191.95B | -11.0% | +3.7% | 21.5 | 1.7% |
|
SBUX
Starbucks Corp
|
$121.35B | +26.4% | +2.0% | 48.2 | 3.9% |
|
CMG
Chipotle Mexican Grill Inc
|
$44.63B | -4.6% | +5.4% | 33.0 | 3.3% |
|
QSR
Restaurant Brands International Inc.
|
$34.03B | +10.5% | +12.2% | 17.6 | 3.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 23
Yum Brands Inc. completed Pizza Hut sales to Yum China and LongRange Capital on August 7, 2026 and September 1, 2026, with $1.2 billion in proceeds and $1.2 billion of net proceeds, respectively, and a $1.7 billion pre-tax gain.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| YUM | +0.1% | +7.2% | +4.8% | +3.8% | +6.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -2.5% | +8.4% | +4.3% | +4.0% | -4.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.