Yum! Brands, Inc. · YUM · Next earnings

Yum! Brands, Inc. reports Tuesday, Nov 3, 2026

YUM reports before market open with consensus EPS at $1.55 and revenue at $2.12B. Last quarter: Yum! Brands Beats on EPS, Raises Taco Bell Margin Guidance as Digital Mix Hits 63%

Reports Before market open44 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $1.55 Calendar consensus
Consensus revenue $2.12B Calendar consensus
Report date Nov 3, 2026 Tuesday, date estimated
Session Before market open 44 days away

Where YUM left off: FY2026 Q1

Full report

Yum! Brands Beats on EPS, Raises Taco Bell Margin Guidance as Digital Mix Hits 63%

EPS surprise +8.7% Reported $1.50 vs $1.38
Revenue surprise +0.7% Reported $2.06B vs $2.04B
Stock move +2.2% Event window
Subsequent drift -6.1% Up to 20 sessions

Management raised Taco Bell's full-year US restaurant-level margin guidance to 24.5 to 25.5%, up from the prior outlook. Overall guidance sentiment was characterized as raised, reflecting confidence in continued system sales growth and unit development. The Pizza Hut strategic review remains ongoing with no definitive outcome disclosed this quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Persisting inflation pressures, particularly beef price volatility.
  • Geopolitical uncertainty in the Middle East affecting permits and equipment supply.
  • Potential demand slowdown in key markets such as China and Canada.
  • Execution risk around AI and new technology rollouts.
  • Dependence on franchisee performance and unit economics.

Questions analysts left open

  • Sustainability of global demand trends amid regional slowdowns in China and Canada.
  • Franchisee appetite for unit growth against geopolitical headwinds.
  • Transparency of KFC US and international comparable sales performance.
  • Impact of AI investments on G&A efficiency and overall cost structure.
  • Outcome and timeline of the Pizza Hut strategic review.

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Recent YUM quarters

All YUM earnings
+2.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.