YUMC · Yum China Holdings, Inc.
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. Yum China posted 13% revenue growth, 14% operating profit growth and a 9th consecutive quarter of OP margin expansion in Q2 2026, with system sales up 6% ex-FX and same-store sales up 1%. The company is about to acquire the Pizza Hut brand in mainland China, which is expected to add 60 bps to Yum China margins, enable 800+ annual net new Pizza Hut stores in 2027-2028, and be EPS accretive.
- + Pizza Hut brand acquisition set to close in August, expected to add ~60 bps to Yum China restaurant/OP margins and be EPS accretive in 2026 and mid-single-digit accretive in 2027-2028
- + Brand ownership allows accelerating Pizza Hut store openings to 800+ net new per year in 2027-2028, up from prior 600 target
- + Opened 560 net new stores in Q2, a Q2 record and 67% higher YoY, with 41% opened by franchisees
- + Reaffirmed full-year 2026 targets: same-store sales index 100-102, mid-to-high single-digit system sales growth, high single-digit OP growth, double-digit EPS growth, and slight improvement in restaurant margins
- + Pizza Hut same-store sales returned to positive at 1% with 14th consecutive quarter of same-store transaction growth and net new store openings nearly doubled YoY
- − Pizza Hut restaurant margin declined 40 bps YoY due to higher delivery mix, value-for-money offerings and Burger Bar investment
- − Delivery mix surged to 54% of company sales from 45% YoY, creating a 140 bps margin headwind from rider costs in Q2
- − Financing Pizza Hut acquisition requires ~$1.2 billion offshore bridge loan, with deal-related costs and financing interest creating potential earnings drag
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
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative 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 |
|---|---|---|---|
| Adjusted Diluted Earnings Per Common Share non-GAAP | $0.7 | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Diluted Earnings Per Common Share $0.7
+$0 Special Items, Diluted Earnings Per Common Share
= Adjusted Diluted Earnings Per Common Share $0.7
|
|||
| Adjusted EBITDA non-GAAP | $482M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net Income – Yum China Holdings, Inc. $244M
+$20M Net income – noncontrolling interests
-$2M Equity in net (earnings) losses from equity method investments
+$92M Income tax provision
-$12M Interest income, net
+$6M Investment loss
+$0M Special Items, Operating Profit
+$120M Depreciation and amortization
+$14M Store impairment charges
= Adjusted EBITDA $482M
|
|||
| Adjusted Net Income non-GAAP | $244M | the three months ended June 30, 2026 filing | — |
| Adjusted Operating Profit non-GAAP | $348M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Operating Profit $348M
+$0M Special Items, Operating Profit
= Adjusted Operating Profit $348M
|
|||
| Core OP Margin non-GAAP | 11.1% | the three months ended June 30, 2026 filing | — |
| OP Margin | 11.1% | the three months ended June 30, 2026 filing | — |
| Pizza Hut Same-Store Sales Growth | 1% | Quarter Ended 6/30/2026 filing | — |
| Pizza Hut System Sales Growth | 13% | Quarter Ended 6/30/2026 filing | — |
| Restaurant profit non-GAAP | $469M | the three months ended June 30, 2026 filing | — |
| Same-Store Sales Growth | 1% | the three months ended June 30, 2026 filing | — |
| System Sales Growth, excluding F/X non-GAAP | 6% | the three months ended June 30, 2026 filing | — |
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 |
|---|---|---|---|---|---|
|
YUMC
this stock
Yum China Holdings, Inc.
|
$14.05B | -13.9% | +4.4% | 15.0 | 1.8% |
|
MCD
Mcdonalds Corp
|
$167.36B | -24.4% | +3.7% | 19.2 | 1.7% |
|
SBUX
Starbucks Corp
|
$108.14B | +11.6% | +2.8% | 54.8 | 3.5% |
|
CMG
Chipotle Mexican Grill Inc
|
$40.08B | -13.6% | +5.4% | 29.1 | 3.2% |
|
YUM
Yum Brands Inc
|
$38.22B | -9.9% | +8.8% | 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 sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| YUMC | +0.6% | -8.4% | -18.1% | -7.9% | -13.9% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | +1.3% | -8.5% | -30.2% | -7.3% | -25.8% |
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.