Analyst Consensus ?
ConsensusHold51 ratings
Bullish2039.2%
Neutral2854.9%
Bearish35.9%
Yum! Brands, Inc. · YUM · FY2025 Q2 · Calendar Q3 2025
Yum emphasizes digital scale, unit growth and steady profit guidance
The current and prior transcript analyses provide some support for a constructive operating thesis: unit development, Taco Bell execution, digital adoption and Byte expansion are recurring growth drivers. The evidence is not conclusive because management also cited softer consumer conditions, cost pressure and execution risks.
Reported Before market openNYSEConsumer Cyclical
$38.68B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.44
Consensus $1.46
EPS surprise
-1.4%
Reported versus consensus
Reported revenue
$1.93B
Consensus $1.94B
Revenue surprise
-0.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-5.1%
Event window
SPY move
-0.5%
Same window
Abnormal move
-4.6%
Stock minus SPY
Volume
2.9×
Versus trailing sessions
Subsequent drift
+3.6%
Up to 20 sessions
YUMSPY benchmark
Ask FN2 about YUM FY2025 Q2
Transcript, numbers and history already loaded
Why did YUM fall 5.1% after missing EPS estimates in FY2025 Q2?What changed in YUM's guidance and outlook in FY2025 Q2?Give me the bull and bear case for YUM after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, the emphasis shifted from initial AI and concept launches toward broader Byte deployment, record digital adoption, a CEO transition and continued value initiatives. Management maintained its profit-growth guidance while acknowledging a more challenging consumer environment.
Guidance delta
Maintained; management continued to express confidence in the 8% full-year core operating profit growth target.
Key takeaways
- System sales growth, unit development and digital adoption remained central to the current-quarter narrative.
- Byte is being expanded across the restaurant base, with management linking the platform to franchisee economics and operating efficiency.
- Taco Bell and beverage innovation were highlighted as growth supports, while value initiatives address softer consumer conditions.
Management priorities
- Complete the Byte ecosystem rollout across roughly 25,000 restaurants by 2026.
- Expand Live Mas Cafe and the beverage portfolio.
- Support unit growth while refinancing the 2026 debt maturity and maintaining net leverage near 4x.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$143Current
$120Low
$164.66Average
$190High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Buy | Buy | Maintain | Oct 7, 2026 |
| Guggenheim | Buy | Buy | Maintain | Oct 6, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Sep 29, 2026 |
| Argus Research | Hold | Buy | Downgrade | Sep 24, 2026 |
| Baird | Outperform | Outperform | Maintain | Sep 16, 2026 |
| Wells Fargo | Overweight | Equal Weight | Upgrade | Sep 10, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 31, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 13, 2026 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Jun 3, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Feb 13, 2026 |
| Gordon Haskett | Buy | Hold | Upgrade | Jan 8, 2026 |
| Oppenheimer | Perform | Outperform | Downgrade | Jan 7, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jan 7, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Nov 5, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | Nov 5, 2025 |
| Bernstein | Market Perform | Market Perform | Maintain | Nov 5, 2025 |
| Redburn Atlantic | Buy | Neutral | Upgrade | Jun 10, 2025 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jun 4, 2025 |
| TD Securities | Hold | Hold | Maintain | May 1, 2025 |
| Stifel | Hold | Hold | Maintain | Feb 28, 2025 |
| UBS | Buy | Buy | Maintain | Feb 7, 2025 |
| Loop Capital | Hold | Hold | Maintain | Nov 6, 2024 |
| Deutsche Bank | Hold | Hold | Maintain | Nov 6, 2024 |
| B of A Securities | Neutral | Neutral | Maintain | Oct 22, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 4, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 9, 2023 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Dec 9, 2021 |
| MKM Partners | Neutral | Neutral | Maintain | Jan 7, 2021 |
| CFRA | Hold | Hold | Maintain | Apr 30, 2020 |
| Jefferies | Hold | Hold | Maintain | Apr 22, 2020 |
| BTIG Research | Neutral | Buy | Downgrade | Feb 7, 2020 |
| BTIG | Neutral | Buy | Downgrade | Feb 7, 2020 |
| Stifel Nicolaus | Hold | Hold | Maintain | Oct 31, 2019 |
| Longbow Research | Underperform | Neutral | Downgrade | Jul 1, 2019 |
| KeyBanc | Equal Weight | Sector Weight | Maintain | Oct 4, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Nomura Instinet | Neutral | Buy | Downgrade | Jan 30, 2018 |
| Instinet | Neutral | Buy | Downgrade | Jan 30, 2018 |
| Edward Jones | Buy | Hold | Upgrade | Jan 26, 2018 |
| Nomura | Buy | Buy | Maintain | Nov 3, 2017 |
| Bank of America | Neutral | Neutral | Maintain | Oct 6, 2017 |
| Mizuho | Neutral | Neutral | Maintain | Jun 9, 2017 |
| CLSA | Underperform | Underperform | Maintain | Jul 14, 2016 |
| OTR Global | Sell | Negative | Maintain | Nov 9, 2015 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Nov 20, 2014 |
| Janney Capital | Buy | Neutral | Upgrade | Nov 20, 2014 |
| FirstEnergy Capital | Outperform | Market Perform | Upgrade | Mar 20, 2014 |
| Buckingham Research | Neutral | Buy | Downgrade | Aug 13, 2013 |
| Raymond James | Market Perform | Underperform | Upgrade | Apr 25, 2013 |
| Argus Capital | Hold | Buy | Downgrade | Jan 17, 2013 |
| Susquehanna | Neutral | Positive | Downgrade | Nov 30, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $143. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Guggenheim | Analyst unavailable | $155 | $139.34 | +8.4% | Oct 6, 2026 |
| Robert W. Baird | Chris O'Cull | $165 | $140.77 | +15.4% | Sep 16, 2026 |
| Seaport Global | Analyst unavailable | $162 | $140.77 | +13.3% | Sep 16, 2026 |
| Wells Fargo | Zachary Fadem | $175 | $145.09 | +22.4% | Sep 10, 2026 |
| Argus Research | John Staszak | $180 | $143.7 | +25.9% | Aug 17, 2026 |
| RBC Capital | Logan Reich | $170 | $153.92 | +18.9% | Jul 31, 2026 |
| Deutsche Bank | Lauren Silberman | $174 | $153.16 | +21.7% | Jul 31, 2026 |
| Morgan Stanley | Brian Harbour | $185 | $146.58 | +29.4% | Jun 3, 2026 |
| BMO Capital | Andrew Strelzik | $168 | $156.76 | +17.5% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $180 | $157.71 | +25.9% | May 1, 2026 |
| Deutsche Bank | Analyst unavailable | $177 | $159.46 | +23.8% | Apr 30, 2026 |
| Deutsche Bank | Lauren Silberman | $171 | $161.46 | +19.6% | Apr 15, 2026 |
| Evercore ISI | Analyst unavailable | $190 | $162.04 | +32.9% | Feb 13, 2026 |
| Guggenheim | Gregory Francfort | $180 | $159.06 | +25.9% | Feb 12, 2026 |
| Wells Fargo | Analyst unavailable | $160 | $159.57 | +11.9% | Feb 5, 2026 |
| BMO Capital | Analyst unavailable | $165 | $159.57 | +15.4% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $185 | $159.57 | +29.4% | Feb 5, 2026 |
| UBS | Dennis Geiger | $180 | $157.16 | +25.9% | Feb 2, 2026 |
| Morgan Stanley | Brian Harbour | $176 | $157.23 | +23.1% | Jan 20, 2026 |
| Gordon Haskett Capital Corporation | Analyst unavailable | $176 | $152.64 | +23.1% | Jan 8, 2026 |
| Bernstein | Jeffrey Bernstein | $179 | $151.41 | +25.2% | Jan 7, 2026 |
| Stifel Nicolaus | Chris O'Cull | $160 | $148.03 | +11.9% | Nov 17, 2025 |
| Goldman Sachs | Analyst unavailable | $177 | $148.31 | +23.8% | Nov 5, 2025 |
| Piper Sandler | Brian Mullan | $158 | $148.52 | +10.5% | Nov 5, 2025 |
| Barclays | Analyst unavailable | $175 | $149.55 | +22.4% | Nov 5, 2025 |
| Bernstein | Danilo Gargiulo | $160 | $149.55 | +11.9% | Nov 5, 2025 |
| Evercore ISI | David Palmer | $180 | $149.55 | +25.9% | Nov 5, 2025 |
| Guggenheim | Gregory Francfort | $160 | $142.38 | +11.9% | Oct 28, 2025 |
| Barclays | Analyst unavailable | $163 | $148.53 | +14.0% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $165 | $148.16 | +15.4% | Oct 21, 2025 |
| RBC Capital | Logan Reich | $165 | $146.03 | +15.4% | Oct 8, 2025 |
| Piper Sandler | Brian Mullan | $157 | $153.19 | +9.8% | Oct 2, 2025 |
| Bernstein | Jeffrey Bernstein | $164 | $139.5 | +14.7% | Aug 5, 2025 |
| Guggenheim | Analyst unavailable | $167 | $147 | +16.8% | Aug 4, 2025 |
| Oppenheimer | Brian Bittner | $185 | $147.3 | +29.4% | Apr 28, 2025 |
| Robert W. Baird | David Tarantino | $174 | $143.47 | +21.7% | Apr 7, 2025 |
| Piper Sandler | Brian Mullan | $150 | $161.45 | +4.9% | Apr 3, 2025 |
| Robert W. Baird | Analyst unavailable | $176 | $159.37 | +23.1% | Mar 5, 2025 |
| Bernstein | Jeffrey Bernstein | $162 | $128.55 | +13.3% | Jan 7, 2025 |
| Citigroup | Jon Tower | $162 | $133.35 | +13.3% | Oct 17, 2024 |
| Loop Capital Markets | Alton Stump | $143 | $136.85 | +0.0% | Aug 7, 2024 |
| Citigroup | Jon Tower | $160 | $136.85 | +11.9% | Aug 6, 2024 |
| Deutsche Bank | Lauren Silberman | $143 | $133.32 | +0.0% | Aug 6, 2024 |
| Stifel Nicolaus | Chris O'Cull | $130 | $126.93 | -9.1% | Jul 22, 2024 |
| Loop Capital Markets | Alton Stump | $135 | $128.31 | -5.6% | Jul 19, 2024 |
| Morgan Stanley | Brian Harbour | $153 | $128.1 | +7.0% | Jul 16, 2024 |
| Evercore ISI | David Palmer | $145 | $127.89 | +1.4% | Jul 16, 2024 |
| Guggenheim | Gregory Francfort | $145 | $129.17 | +1.4% | Jul 11, 2024 |
| Goldman Sachs | Christine Cho | $150 | $137.3 | +4.9% | Jun 13, 2024 |
| Bernstein | Jeffrey Bernstein | $148 | $135.33 | +3.5% | May 2, 2024 |
| BMO Capital | Andrew Strelzik | $135 | $135.33 | -5.6% | May 2, 2024 |
| Oppenheimer | Brian Bittner | $154 | $128.34 | +7.7% | Jan 5, 2024 |
| Goldman Sachs | Jared Garber | $135 | $118.15 | -5.6% | Jul 18, 2022 |
| Citigroup | Jon Tower | $156 | $122.97 | +9.1% | Apr 16, 2022 |
| Guggenheim | Gregory Francfort | $153 | $123 | +7.0% | Feb 15, 2022 |
| Morgan Stanley | John Glass | $150 | $126.47 | +4.9% | Jan 14, 2022 |
| Bank of America Securities | Sara Senatore | $157 | $130.06 | +9.8% | Jan 11, 2022 |
| UBS | Dennis Geiger | $155 | $136.29 | +8.4% | Jan 6, 2022 |
| Jefferies | Andy Barish | $124 | $131.32 | -13.3% | Dec 17, 2021 |
| Atlantic Equities | Edward Lewis | $151 | $132.5 | +5.6% | Dec 9, 2021 |
| BMO Capital | Andrew Strelzik | $130 | $123.87 | -9.1% | Oct 29, 2021 |
| MKM Partners | Brett Levy | $145 | $124.8 | +1.4% | Oct 28, 2021 |
| Wells Fargo | Roger Read | $144 | $125.37 | +0.7% | Oct 18, 2021 |
| Loop Capital Markets | Alton Stump | $120 | $122.54 | -16.1% | Oct 5, 2021 |
| Argus Research | John Staszak | $145 | $129.78 | +1.4% | Jul 30, 2021 |
| J.P. Morgan | John Ivankoe | $120 | $114.52 | -16.1% | Apr 12, 2021 |
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Start freeCompany context
Snapshot as of publicationYUM! 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 earningsConsumer Cyclical peers this season
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Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-09T04:50:42.337187+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T04:50:42.334431+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 2026-10-09. For educational purposes only; not investment advice.