Overview

• Yum Brands reported $1.93 billion in revenue and $1.44 in adjusted EPS for Q2, falling short of Wall Street forecasts of $1.94 billion and $1.46 respectively.
• Worldwide same-store sales rose 2% in the quarter, powered by a 4% U.S. comp increase at Taco Bell but dragged down by 5% slides at both KFC and Pizza Hut in the U.S.
• Total costs and expenses climbed 13% as higher ingredient prices and tariff-driven supply disruptions squeezed margins.
• The company rolled out budget-friendly meal deals priced between $5 and $9 to counter weakening U.S. consumer spending on dining out.
• Yum accelerated its international push with 565 new KFC openings globally—led by China, which now accounts for over a quarter of the chain’s system sales—to offset domestic headwinds.