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Yum! Brands 8-K Report, Financial Results (Feb 4, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed February 4, 2026
Period End
February 4, 2026
Security
YUM
In the record · 2016–202610-K1110-Q328-K146

YUM filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 146 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Nov ’16Nov ’16
  2. Leadership change8-K · Jan ’19Jan ’19
  3. Material agreement8-K · Mar ’21Mar ’21
  4. Leadership change8-K · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed February 4, 2026. Cited figures are marked; the original filing is the authoritative source.

Yum!

Brands, Inc. reported fourth-quarter and full-year 2025 results on February 4, 2026, as described in Exhibit 99.1, a press release. GAAP diluted EPS was $1.91a for the fourth quarter (up 28% from $1.49) and $5.55 for the full year (up 6% from $5.22). EPS excluding Special Items was $1.73 for the quarter (up 8% from $1.61) and $6.05 for the full year (up 10% from $5.48).

Full-year GAAP operating profit was $2,574 millionb versus $2,403 million, a 7% increase, and total revenues were $8,214 million, up 9%. Worldwide system sales grew 5% excluding foreign currency translation and the lap of the 53rd week for the full year, led by Taco Bell at 8% and KFC at 6%. By division, Taco Bell delivered full-year same-store sales growth of 7% and KFC opened 2,986 gross new restaurants in 2025, a record.

Pizza Hut was weaker, with full-year operating profit down 9% to $340 millionc and system sales down 3% excluding F/X. The release states the company commenced a review of strategic options for the Pizza Hut brand, and Special Items for 2025 totaled $122 million of operating profit expense, including $41 million of charges tied to that review. Taco Bell completed a store acquisition of 128 U.S. restaurants from a franchisee for approximately $670 million.

The Board approved a quarterly dividend of $0.75d per share, an increase of 6%, payable March 6, 2026. The release also states that disclosures on outstanding debt in the Restricted Group capital structure will be provided with the 2025 Form 10-K. Cash flow from operations for 2025 was $2,010 million, and capital spending was $371 million.

02—Key points

Key Highlights

  1. Fourth-quarter GAAP diluted EPS of $1.91, up 28%; EPS excluding Special Items of $1.73, up 8%.
  2. Full-year GAAP diluted EPS of $5.55, up 6%; EPS excluding Special Items of $6.05, up 10%.
  3. Full-year worldwide system sales grew 5% excluding F/X and the 53rd-week lap; Taco Bell grew 8% and KFC grew 6%.
  4. Taco Bell full-year same-store sales grew 7%; KFC opened 2,986 gross new restaurants in 2025.
  5. Pizza Hut full-year GAAP operating profit fell 9% to $340 million, and the company began a strategic options review for the brand.
  6. Board approved a quarterly dividend of $0.75 per share, up 6%, payable March 6, 2026.
  7. Taco Bell acquired 128 U.S. restaurants from a franchisee for approximately $670 million.

03—Questions

Frequently Asked Questions

  1. How did Yum! Brands perform in the fourth quarter of 2025?

    GAAP operating profit grew 12% and GAAP diluted EPS was $1.91, up 28% from $1.49. EPS excluding Special Items was $1.73, up 8%. Worldwide system sales grew 2% excluding F/X, or 5% excluding F/X and the lap of the 53rd week.

  2. What is the status of the Pizza Hut brand?

    The company commenced a review of strategic options for the Pizza Hut brand in 2025. Pizza Hut fourth-quarter system sales declined 5% excluding F/X, and full-year operating profit fell 9%. The filing notes that a potential transaction involving Pizza Hut is possible but does not state that one has been agreed.

  3. What are the Special Items affecting 2025 results?

    Special Items reduced full-year 2025 operating profit by $122 million. They include $41 million of charges tied to the Pizza Hut strategic options review, $27 million related to the Brand HQ consolidation, $38 million for resource optimization, and $7 million tied to the Taco Bell U.S. restaurant acquisition. Special Items also included a $108 million foreign tax reserve expense and a $76 million U.S. OBBBA tax expense.

  4. What did the Board announce regarding shareholder returns?

    The Board approved a quarterly dividend of $0.75 per share, an increase of 6%. It is payable March 6, 2026 to shareholders of record at the close of business on February 20, 2026. Full-year 2025 share repurchases totaled $552 million and dividends paid totaled $789 million.

  5. What long-term targets did the company reaffirm?

    The company targets 5% unit growth, 7% system sales growth excluding F/X, and at least 8% Core Operating Profit growth on average over an extended period. The company stated it cannot forecast Special Items or F/X impacts and therefore cannot estimate GAAP operating profit growth.

04—Continue

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