YUM BRANDS INC

Yum! Brands Q2 FY26 — Strong Core Performance Amidst Taco Bell Recovery and Pizza Hut Divestiture

• Strength Excluding Pizza Hut, system sales grew 7%, unit growth 6%, and same-store sales 4%.
• Watch Taco Bell U.S. same-store sales quarter-to-date through July 27 were negative 2% due to a food safety issue.

Yum! Brands Q1 FY26 — Taco Bell U.S. comps up 8%, ex-Pizza Hut core operating profit up 10%

• Strength System sales grew 6% ex-FX (7% excluding Pizza Hut) on 5% unit growth and 3% global same-store sales; core operating profit ex Pizza Hut rose 10%
• Watch Habit Burger & Grill remains pressured by beef-price inflation (unquantified), with approximately $5M of noncash closure expenses expected as subscale-market stores are closed

Yum! Brands Q4 FY25 — Strong KFC & Taco Bell Performance Amidst Pizza Hut Review

• Strength Taco Bell achieved 7% same-store sales growth in 2025, outperforming the QSR industry and gaining market share.
• Watch Pizza Hut experienced a 1% same-store sales decline globally for both Q4 and the full year 2025.

Yum! Brands Q3 FY25 — Strong KFC and Taco Bell Performance, Pizza Hut Strategic Review Initiated

• Strength System sales grew 5% (ex-FX) and core operating profit increased 7% (ex-FX) in Q3 FY25.
• Watch Beef inflation remained a 1 percentage point headwind to Taco Bell U.S. margins in Q3 and is expected to continue through year-end.

Yum! Brands Q2 FY25 — Strong Digital Growth and Taco Bell Performance Amidst CEO Transition

• Strength System sales grew 4% (excluding FX), driven by 3% unit growth and 2% same-store sales.
• Watch Total restaurant level margins were 16.3%, down approximately 150 basis points year-over-year due to an unfavorable commodity lap at Taco Bell and the higher mix of newly acquired KFC U.K. stores.

Yum! Brands Q1 FY25 — Strong Profit Growth Driven by Taco Bell U.S. and KFC International

• Strength Core operating profit increased 8% in Q1 FY25, highlighting the strength of the global multi-brand portfolio.
• Watch Pizza Hut system sales declined 3% in Q1, primarily due to disappointing same-store sales performance in the U.S.

Yum! Brands Q4 FY24 — Strong Core Operating Profit Growth and Digital Acceleration

• Strength Full year core operating profit grew 8%, reflecting the resilience of the business model.
• Watch Full year same-store sales declined 1%, impacted by broader global consumer sentiment and the Middle East conflict.