Yum Manufacturers (YUM) Q2 2025 earnings

Yum Manufacturers on Tuesday reported quarterly earnings and income that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store gross sales declines.

Here is what the corporate reported for the interval ended June 30 in contrast with what Wall Avenue was anticipating, based mostly on a survey of analysts by LSEG:

• Earnings per share: $1.44 adjusted vs. $1.46 anticipated
• Income: $1.93 billion vs. $1.94 billion anticipated

Yum reported second-quarter web revenue of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a yr earlier.

Excluding refranchising features and different gadgets, the corporate earned $1.44 per share.

Web gross sales climbed 10% to $1.93 billion. Digital transactions, which embrace cell app, supply and kiosk orders, accounted for 57% of the corporate’s system gross sales.

Yum’s same-store gross sales, which solely tracks the metric at eating places open at the least 12 months, rose 2% through the quarter.

KFC reported same-store gross sales progress of two%, lifted by its worldwide eating places. The fried hen chain counts China as its largest market.

However domestically, KFC’s struggles proceed. Its U.S. same-store gross sales slid 5%. Final yr, the chain dropped from the No. 3 hen chain within the U.S. by gross sales to No. 5, falling behind Elevating Cane’s and Wingstop. In April, Catherine Tan-Gillespie took over as president of KFC U.S., tasked with turning round its gross sales stoop.

Globally, Pizza Hut’s same-store gross sales fell 1%, damage by weaker demand in its residence market. Like KFC, Pizza Hut noticed its U.S. same-store gross sales fall 5% through the quarter. The chain is dealing with elevated competitors from its rivals as many shoppers dine out much less usually.

Taco Bell, the jewel of Yum’s portfolio, reported same-store gross sales progress of 4%. The chain’s rising worldwide enterprise additionally noticed same-store gross sales enhance 4% through the quarter.

Yum’s whole restaurant depend rose 3%, lifted by 871 location openings within the quarter. That progress was pushed primarily by worldwide KFC openings.

In June, the corporate introduced that CEO David Gibbs will retire later this yr. CFO Chris Turner will succeed him, efficient Oct. 1.

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