Q2 25 EPS
$1.44
MISS 1.32%
Est. $1.46
Q2 25 Revenue
$1.93B
MISS 0.31%
Est. $1.94B
vs S&P Since Q2 25
-1.9%
TRAILING MARKET
YUM +12.9% vs S&P +14.8%
Market Reaction
Did YUM Beat Earnings? Q2 2025 Results
Yum! Brands delivered a modest earnings miss in Q2 2025, with adjusted EPS of $1.44 falling just short of the $1.46 consensus estimate by 1.32%, while revenue of $1.93 billion trailed expectations by 0.31% despite rising 9.6% year-over-year, sending … Read more Yum! Brands delivered a modest earnings miss in Q2 2025, with adjusted EPS of $1.44 falling just short of the $1.46 consensus estimate by 1.32%, while revenue of $1.93 billion trailed expectations by 0.31% despite rising 9.6% year-over-year, sending shares down roughly 3% in the immediate aftermath. The results reflected a tale of sharply divided brand performance: Taco Bell was the clear bright spot, posting 4% same-store sales growth and 6% system sales growth ex-FX, while KFC International drove unit expansion with 565 gross new openings in the quarter. Offsetting those gains, KFC U.S. Same-store sales fell 5% and Pizza Hut operating profit dropped 15%, weighed down by technology spending timing and franchise transition costs. Digital momentum remained a genuine positive, with digital system sales exceeding $9 billion at a record 57% mix. Looking ahead, Yum reiterated its long-term targets of 5% unit growth and at least 8% core operating profit growth, while a planned CEO transition to CFO Chris Turner in October adds a layer of strategic uncertainty heading into the second half.
Key Takeaways
- • Taco Bell U.S. meaningfully outpaced the category with 4% same-store sales growth
- • KFC International opened 565 gross new units with 7% system sales growth ex-FX
- • Digital system sales exceeded $9 billion with record 57% digital sales mix
- • 871 gross new units opened system-wide, growing unit count 3%
- • Worldwide system sales grew 4% excluding foreign currency translation
- • Foreign currency translation favorably impacted divisional operating profit by $4 million
YUM YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
YUM Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our second-quarter results are a testament to the power of our bold food innovation, digital transformation, and the strength of our iconic brands. Taco Bell U.S. meaningfully outpaced the category with 4% same-store sales growth, and KFC International opened 565 gross new units. I am confident that with our strong development across the system, improving value propositions, and exciting new uses of our proprietary, integrated tech stack, Yum! is well positioned to win in an ever-changing consumer landscape.”
— David Gibbs, Q2 2025 Earnings Press Release
YUM Earnings Trends
YUM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
YUM EPS Trend
Earnings per share: estimate vs actual
YUM Revenue Trend
Quarterly revenue: estimate vs actual
YUM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.50 | — | $2.06B | +0.78% |
| Q4 25 MISS FY | $1.77 | $1.73 | -2.26% | $2.51B | +2.38% |
| FY Full Year | $6.07 | $6.05 | -0.31% | $8.21B | +0.73% |
| Q3 25 BEAT | $1.48 | $1.58 | +6.68% | $1.98B | +0.45% |
| Q2 25 MISS | $1.46 | $1.44 | -1.32% | $1.93B | -0.31% |
| Q1 25 BEAT | $1.28 | $1.30 | +1.41% | $1.79B | -3.44% |