Yum Brands

YUM Q1 2025 Earnings

Reported Apr 30, 2025 at 7:01 AM ET · SEC Source

Q1 25 EPS

$1.30

BEAT +1.41%

Est. $1.28

Q1 25 Revenue

$1.79B

MISS 3.44%

Est. $1.85B

vs S&P Since Q1 25

-20.5%

TRAILING MARKET

YUM +9.5% vs S&P +30.0%

Market Reaction

Did YUM Beat Earnings? Q1 2025 Results

Yum! Brands posted a mixed but broadly encouraging first quarter for 2025, beating earnings expectations while falling short on revenue. Adjusted EPS came in at $1.30, edging past the $1.28 consensus by 1.41%, as core operating profit grew 8% to $586… Read more Yum! Brands posted a mixed but broadly encouraging first quarter for 2025, beating earnings expectations while falling short on revenue. Adjusted EPS came in at $1.30, edging past the $1.28 consensus by 1.41%, as core operating profit grew 8% to $586.00 million. Revenue of $1.79 billion trailed the $1.85 billion estimate by 3.44%, though it still represented an 11.8% increase year-over-year. The standout driver was Taco Bell, where 9% U.S. Same-store sales growth and value-focused offerings drew consumers in a cautious spending environment, more than offsetting continued weakness at Pizza Hut, which saw same-store sales fall 2% worldwide. KFC International added momentum with 3% same-store sales growth and 7% unit expansion. CEO David Gibbs, who announced his intention to retire in Q1 2026, noted that the company's largely localized supply chain leaves it well insulated from tariff pressures. Yum reiterated its long-term targets of 5% unit growth, 7% system sales growth, and at least 8% core operating profit growth, with stronger performance expected in the second half of the year.

Key Takeaways

  • Taco Bell U.S. same-store sales growth of 9% driving 11% system sales growth
  • KFC International same-store sales growth of 3% with 7% unit growth year-over-year
  • Digital system sales approaching $9 billion with approximately 55% digital mix
  • 751 gross new unit openings across all brands in the quarter
  • Core Operating Profit growth of 8% excluding F/X and Special Items
24/7 Wall St

YUM YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

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YUM Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“I'm incredibly proud of our teams' ability to stay nimble and deliver industry-leading results in a complex consumer environment. This quarter, we achieved 8% Core Operating Profit growth, demonstrating the strength and resilience of our business model. Our twin growth engines led the way, with Taco Bell U.S. reporting a remarkable 9% same-store sales growth and KFC International accelerating same-store sales growth while generating 7% unit growth year-over-year.”

— David Gibbs, Q1 2025 Earnings Press Release