Yum Brands Inc.
YUM - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$42.56B
Close$
Earnings Call Q3 2026
November 3, 2026 - AI Summary
Strategic reset after Pizza Hut sale (Sept) + “Raise the B.A.R.” focus
- Management framed Q3 as the start of Yum!’s next chapter after completing the Pizza Hut divestiture (with a ~$1.7B pre-tax gain).
- The operating focus shifts to Raise the B.A.R.: (1) sharper value/marketing relevance, (2) accelerated restaurant unit economics, (3) scaling Byte/digital + AI.
- Challenges driving results: reported comparability impacted by (a) partial Pizza Hut quarter and (b) an industry-wide U.S. food safety issue (notably hurting Taco Bell U.S. in summer).
Taco Bell: rapid recovery; outperforming industry despite U.S. food safety hit
- Q3 same-store sales (ex-Pizza Hut context): Taco Bell -4% overall, driven by U.S. -4% while international +5% (U.S. disruption).
- Turnaround momentum: CEO said Taco Bell U.S. recovered week-over-week from the low point in July, and since end of September the brand has been outperforming the QSR industry on same-store growth.
- Q4 guidance / expectations: management expects continued strength—up ~1% quarter-to-date and ~3% over the trailing 4 weeks (through last Friday); confidence supported by heavier-user return and marketing/value execution.
- Mid-single-digit comp outlook (implied): CEO did not hard-commit to a number, but indicated conditions look supportive for returning to stronger comp performance into Q4 and 2027.
KFC: international execution scaling; UK proof point and planned rollout through 2027
- KFC overall (ex-Pizza Hut): +6% system sales, +7% unit growth, +1% same-store in Q3.
- International ex-China (majority of profit): +9% system sales, same-store accelerating to +4% (value + innovation + digital/delivery).
- UK standout: +6% same-store, with traffic +5 points vs QSR and improving taste satisfaction; leadership said this market already has many core elements of the strategy and will be rolled out further across top 20 markets through 2027.
- China: system sales +3% (unit growth supported by paybacks), but same-store -YoY due to severe weather and difficult comp tied to prior delivery subsidy dynamics.
- KFC U.S.: turnaround ongoing; consumer response strong to Popcorn Chicken (sold out in many restaurants), but not lapping prior-year Wings/Wedges promotion, so “more work lies ahead.”
Exclusive for Stockcircle Pro members
Sign up
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $42.56 Billion |
|---|---|
| Enterprise Value | $54.17 Billion |
| Annual dividend | $2.96 |
| Dividend yield | 1.90% |
| Earnings per Share | $5.59 |
| Beta | 0.55 |
| Outstanding Shares | 277,000,000 |
Return
| Return on Equity | -30.98% |
|---|---|
| Return on Assets | 25.36% |
| Return on Invested Capital | 60.82% |
Valuation & Multiples
| P/E Ratio | 19.4 |
|---|---|
| PEG | 15.15 |
| Price to Sales | 5.54 |
| Price to Book Ratio | -6.4 |
| Enterprise Value to Revenue | 6.32 |
| Enterprise Value to EBIT | 20.29 |
| Enterprise Value to Net Income | 24 |
| Total Debt to Enterprise | 0.23 |
| Debt to Equity | -1.73 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 3, 2026
EPS Estimate
$1.51
Consensus analyst estimateRevenue Estimate
$2.05 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 3, 2027
EPS Estimate
$1.77
Consensus analyst estimateRevenue Estimate
$2.45 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.65, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.6452▲ 52.45% |
|---|---|
| Total Calls | 3,100▼ 99.91% |
| Total Puts | 2,000▼ 99.53% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.63%▼ 85.15% |
|---|---|
| Total Invested | $1.36B▼ 96.53% |
| Investors Holding | 508▼ 966.00% |
About Yum Brands Inc.
34,000 employees
CEO: David Gibbs
Yum! Brands, Inc., based in Louisville, Kentucky, has over 50,000 restaurants in more than 150 countries and territories primarily operating the Company's KFC, Pizza Hut, and Taco Bell brands - global leaders of the chicken, pizza, and M...