Yum! Brands Reports Third-Quarter Results
Business Wire•03/11/2026•07:00 ET
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Key Highlights
- ➤KFC opens 878 restaurants; division unit count grows 7% year-over-year
- ➤Yum! completes Pizza Hut sales to Yum China and LongRange Capital
- ➤GAAP EPS $5.92, up 319% year-over-year; adjusted EPS $1.56, down 1%
- ➤Taco Bell third-quarter same-store sales decline 4%; system sales fall 2%
- ➤Yum! returns $1.8 billion to shareholders year-to-date
Expert Statements
Chris Turner, CEO of Yum! Brands
“Yum! has entered its next chapter of growth, having completed the divestiture of Pizza Hut, with a sharper focus on our Raise the B.A.R. priorities. In support of those priorities, KFC delivered record Q3 global gross unit development and continues to scale its new global strategy reflecting the brand’s ambition of being the most modern chicken QSR. I’m also very pleased that, since the end of September, Taco Bell U.S. has been outpacing the QSR industry on same-store sales growth. Taco Bell will continue building on this momentum, with differentiated value and innovation that resonate across all consumer groups. With iconic brands, unmatched global scale and significant development white space, we remain confident in our ability to deliver consistent earnings growth and create long-term shareholder value.”
Returns $1.8 Billion to Shareholders Through Dividends and Share Repurchases Year-to-Date;
Taco Bell U.S. Outpaces the QSR Industry Since End of September
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