Yum! Brands, Inc. · YUM · FY2025 Q1 · Calendar Q2 2025

Yum’s Q1 growth engines held, while AI and new concepts scale

The supplied analysis supports a constructive but conditional view: Taco Bell U.S., KFC International, franchise development, digital adoption, and new concepts provide evidence of resilient demand and earnings support. The thesis still depends on sustained international growth, successful AI and concept execution, and the expected second-half profit acceleration; reported EPS and revenue actuals are missing from the supplied scorecard.

Reported Before market openNYSEConsumer Cyclical $39.92B market cap
70quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $1.28
EPS surprise — Reported versus consensus
Reported revenue — Consensus $1.85B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +1.9% Event window
SPY move +0.0% Same window
Abnormal move +1.8% Stock minus SPY
Volume 1.2× Versus trailing sessions
Subsequent drift -4.3% Up to 20 sessions
YUMSPY benchmark

Ask FN2 about YUM FY2025 Q1

Transcript, numbers and history already loaded
What drove YUM's +1.9% move after FY2025 Q1 earnings?What changed in YUM's guidance and outlook in FY2025 Q1?Give me the bull and bear case for YUM after FY2025 Q1 earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Transcript intelligence

What changed

The quarter added emphasis on Byte by Yum! and a partnership with NVIDIA, a $1 billion AI investment, and the planned scaling of Live Mas Cafe, Quench, and Saucy. Management also highlighted 751 new openings while maintaining full-year profit-growth guidance.

Guidance delta

Maintained: full-year guidance for 8% profit growth was reaffirmed.

Key takeaways

  • Management said Q1 core operating profit rose 8%, led by Taco Bell U.S. and KFC International.
  • Digital sales reached a 55% mix, alongside a $1 billion AI investment and an NVIDIA partnership.
  • Live Mas Cafe, Quench, and Saucy showed early momentum and are planned for broader rollout.
  • Franchise development remained healthy, with 751 new stores opened, including 528 KFC locations.
  • Management maintained full-year guidance for 8% profit growth and expects stronger second-half performance.

Management priorities

  • Expand Live Mas Cafe into additional markets.
  • Scale the Quench beverage rollout beyond the UK and Australia.
  • Phase the Saucy concept into up to 20 KFC stores.
  • Complete the U.S. rollout of Byte and accelerate international deployments.
  • Develop AI applications with NVIDIA across ordering and operations.

Follow YUM with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

Earnings History

Estimate Beat Miss Match
YUM EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $1.40 Q4 '23 actual $1.26, miss Q1 '24 estimate $1.20 Q1 '24 actual $1.15, miss Q2 '24 estimate $1.33 Q2 '24 actual $1.35, beat Q3 '24 estimate $1.42 Q3 '24 actual $1.37, miss Q2 '25 estimate $1.46 Q2 '25 actual $1.44, miss Q3 '25 estimate $1.49 Q3 '25 actual $1.58, beat Q4 '25 estimate $1.76 Q4 '25 actual $1.73, miss Q1 '26 estimate $1.38 Q1 '26 actual $1.50, beat Q2 '26 estimate $1.57 Q2 '26 actual $1.62, beat Q3 '26 estimate $1.54 Q4 '26 estimate $1.97 Q1 '27 estimate $1.54
Show less

Analyst Consensus ?

ConsensusHold51 ratings
Bullish2039.2%
Neutral2854.9%
Bearish35.9%

Analyst 52W Price Targets

$146.75Current
$120Low
$164.66Average
$190High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
TD Cowen Buy BuyMaintainOct 7, 2026
Guggenheim Buy BuyMaintainOct 6, 2026
JP Morgan Overweight OverweightMaintainSep 29, 2026
Argus Research Hold BuyDowngradeSep 24, 2026
Baird Outperform OutperformMaintainSep 16, 2026
Show 46 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $146.75. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
GuggenheimAnalyst unavailable$155$139.34 +5.6%Oct 6, 2026
Robert W. BairdChris O'Cull$165$140.77 +12.4%Sep 16, 2026
Seaport GlobalAnalyst unavailable$162$140.77 +10.4%Sep 16, 2026
Wells FargoZachary Fadem$175$145.09 +19.3%Sep 10, 2026
Argus ResearchJohn Staszak$180$143.7 +22.7%Aug 17, 2026
See 61 more

Track every rating change on YUM the moment it posts. Free to start.

Start free

Company context

Snapshot as of publication

YUM! Brands, Inc. (YUM) is a leading global quick-service restaurant enterprise that focuses on the creation, management, and franchising of its restaurant concepts internationally. Its business is organized into four main divisions: KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill. The company operates establishments under these well-known brands, offering diverse food categories such as chicken, pizza, Mexican-style dishes, and made-to-order chargrilled burgers and sandwiches, among other food products. As of December 31, 2021, YUM! Brands boasted a significant worldwide presence, comprising 26,934 KFC outlets, 18,381 Pizza Hut locations, 7,791 Taco Bell restaurants, and 318 The Habit Burger Grill units, spread across roughly 157 countries and territories. The company, which maintains its headquarters in Louisville, Kentucky, was established in 1997. It was formerly known as TRICON Global Restaurants, Inc., before officially adopting the name YUM! Brands, Inc. in May 2002.

Historical context

All YUM earnings
+3.3%FY2026 Q2 · Calendar Q3 2026+2.2%FY2026 Q1 · Calendar Q2 2026+0.5%FY2025 Q4 · Calendar Q1 2026

Consumer Cyclical peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
NKE NIKE, Inc. FY2027 Q1 · Calendar Q4 2026 +10.0% -0.7% Nike’s performance categories grow as resets weigh on FY27 outlook
CCL Carnival Corporation & plc FY2026 Q3 · Calendar Q3 2026 +5.9% +13.4% Carnival posts record Q3 as demand and efficiency offset fuel costs
DRI Darden Restaurants, Inc. FY2027 Q1 · Calendar Q3 2026 0.0% -3.0% Darden reaffirms FY2027 outlook as brands deliver mixed comp growth
AZO AutoZone, Inc. FY2026 Q4 · Calendar Q3 2026 +3.6% +3.3% AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan
LEN-B Lennar Corporation FY2026 Q3 · Calendar Q3 2026 — — Lennar: Efficiency Gains Offset Housing-Market Pressures
LEN Lennar Corporation FY2026 Q3 · Calendar Q3 2026 — -4.1% Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

Get the YUM recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-04-17T16:29:01.107603+00:00
  3. Polygon adjusted daily market bars · 2026-10-12T17:50:43.585388+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T17:50:43.582455+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.