Yum Brands Beats Earnings, Taco Bell
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Yum Brands reported fiscal third‑quarter earnings that beat expectations, with adjusted earnings per share of $1.56 versus the $1.49 analysts had forecast.
Revenue matched the $2.05 billion expected, while net income rose to $1.62 billion, or $5.92 per share, up from $397 million, or $1.41 per share, a year earlier.
Excluding gains from the divestiture of Pizza Hut and other items, the company earned $1.56 per share.
Net sales increased 4% to $2.05 billion.
The quarter saw the completion of Pizza Hut’s sale to Yum China and LongRange Capital.
Same‑store sales were flat overall, but Taco Bell’s U.S. sales declined 4% due to a cyclospora outbreak linked to iceberg lettuce.
The outbreak’s worst impact was noted on the weekend of July 18, with sales improving thereafter.
More context
Timeline
- On August 7 2026 Yum sold Pizza Hut China to Yum China.
- On September 1 2026 Yum sold remaining Pizza Hut to LongRange Capital.
- On November 3 2026 Yum reported earnings surpassing expectations.
Why it matters
Immediate US impact: Earnings beat boosts stock, but sales dip dampens outlook Possible long-term US impact: Continued sales recovery needed to sustain growth Most affected groups: Taco Bell customers and franchisees Reader priority: Understand earnings impact and outbreak effects
Coverage notes
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Primary report
CNBC — Yum Brands Beats Earnings, Taco Bell
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
