Yum Brands (YUM)
Market Price (12/23/2025): $155.27 | Market Cap: $43.2 BilSector: Consumer Discretionary | Industry: Restaurants
Yum Brands (YUM)
Market Price (12/23/2025): $155.27Market Cap: $43.2 BilSector: Consumer DiscretionaryIndustry: Restaurants
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% | Trading close to highsDist 52W High is -3.1%, Dist 3Y High is -3.1% | Expensive valuation multiplesP/SPrice/Sales ratio is 5.4x |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12% | Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -50% | Key risksYUM key risks include [1] the persistent underperformance and declining relevance of its Pizza Hut brand and [2] significant exposure to geopolitical and regulatory instability stemming from its heavy business concentration in China. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% | ||
| Low stock price volatilityVol 12M is 25% | ||
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Vegan & Alternative Foods, and Experience Economy & Premiumization. Themes include Last-Mile Delivery, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Vegan & Alternative Foods, and Experience Economy & Premiumization. Themes include Last-Mile Delivery, Show more. |
| Trading close to highsDist 52W High is -3.1%, Dist 3Y High is -3.1% |
| Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -50% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 5.4x |
| Key risksYUM key risks include [1] the persistent underperformance and declining relevance of its Pizza Hut brand and [2] significant exposure to geopolitical and regulatory instability stemming from its heavy business concentration in China. |
Why The Stock Moved
Qualitative Assessment
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The stock of Yum Brands (YUM) experienced a notable movement during the approximate period from August 31, 2025, to December 23, 2025, primarily driven by strong third-quarter results and strategic company announcements.1. Better-than-Expected Q3 2025 Earnings: Yum Brands reported adjusted earnings per share (EPS) of $1.58, surpassing the Zacks Consensus Estimate of $1.47, a 15% increase year-over-year. The company's revenue of $1.98 billion also exceeded Wall Street forecasts by approximately $10 million, marking an 8.2% year-over-year increase.
2. Robust Global System Sales Growth: The company reported a 5% increase in worldwide system sales, excluding foreign currency translation. This growth was notably driven by a 9% increase at Taco Bell and a 6% increase at KFC.
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Stock Movement Drivers
Fundamental Drivers
The 4.5% change in YUM stock from 9/22/2025 to 12/22/2025 was primarily driven by a 3.1% change in the company's P/E Multiple.| 9222025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 148.57 | 155.27 | 4.51% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7907.00 | 8061.00 | 1.95% |
| Net Income Margin (%) | 18.11% | 17.95% | -0.88% |
| P/E Multiple | 28.95 | 29.83 | 3.06% |
| Shares Outstanding (Mil) | 279.00 | 278.00 | 0.36% |
| Cumulative Contribution | 4.51% |
Market Drivers
9/22/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| YUM | 4.5% | |
| Market (SPY) | 2.7% | -6.2% |
| Sector (XLY) | 1.9% | 14.5% |
Fundamental Drivers
The 10.9% change in YUM stock from 6/23/2025 to 12/22/2025 was primarily driven by a 8.4% change in the company's P/E Multiple.| 6232025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 140.04 | 155.27 | 10.87% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7738.00 | 8061.00 | 4.17% |
| Net Income Margin (%) | 18.42% | 17.95% | -2.52% |
| P/E Multiple | 27.52 | 29.83 | 8.41% |
| Shares Outstanding (Mil) | 280.00 | 278.00 | 0.71% |
| Cumulative Contribution | 10.87% |
Market Drivers
6/23/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| YUM | 10.9% | |
| Market (SPY) | 14.4% | 2.0% |
| Sector (XLY) | 14.3% | 15.1% |
Fundamental Drivers
The 19.6% change in YUM stock from 12/22/2024 to 12/22/2025 was primarily driven by a 24.3% change in the company's P/E Multiple.| 12222024 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 129.85 | 155.27 | 19.58% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7223.00 | 8061.00 | 11.60% |
| Net Income Margin (%) | 21.13% | 17.95% | -15.03% |
| P/E Multiple | 24.00 | 29.83 | 24.32% |
| Shares Outstanding (Mil) | 282.00 | 278.00 | 1.42% |
| Cumulative Contribution | 19.56% |
Market Drivers
12/22/2024 to 12/22/2025| Return | Correlation | |
|---|---|---|
| YUM | 19.6% | |
| Market (SPY) | 16.9% | 26.2% |
| Sector (XLY) | 7.8% | 26.1% |
Fundamental Drivers
The 27.6% change in YUM stock from 12/23/2022 to 12/22/2025 was primarily driven by a 20.1% change in the company's Total Revenues ($ Mil).| 12232022 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 121.69 | 155.27 | 27.59% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6713.00 | 8061.00 | 20.08% |
| Net Income Margin (%) | 19.13% | 17.95% | -6.15% |
| P/E Multiple | 27.01 | 29.83 | 10.44% |
| Shares Outstanding (Mil) | 285.00 | 278.00 | 2.46% |
| Cumulative Contribution | 27.51% |
Market Drivers
12/23/2023 to 12/22/2025| Return | Correlation | |
|---|---|---|
| YUM | 24.2% | |
| Market (SPY) | 47.7% | 28.5% |
| Sector (XLY) | 38.4% | 27.5% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| YUM Return | 10% | 30% | -6% | 4% | 5% | 17% | 71% |
| Peers Return | 29% | 33% | -17% | 24% | -5% | -1% | 66% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 113% |
Monthly Win Rates [3] | |||||||
| YUM Win Rate | 67% | 67% | 33% | 50% | 58% | 58% | |
| Peers Win Rate | 62% | 55% | 42% | 55% | 45% | 48% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| YUM Max Drawdown | -44% | -7% | -23% | -8% | -3% | -8% | |
| Peers Max Drawdown | -36% | -8% | -33% | -10% | -17% | -18% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MCD, QSR, DPZ, CMG, PZZA. See YUM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)
How Low Can It Go
| Event | YUM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -24.2% | -25.4% |
| % Gain to Breakeven | 31.9% | 34.1% |
| Time to Breakeven | 195 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -47.1% | -33.9% |
| % Gain to Breakeven | 88.9% | 51.3% |
| Time to Breakeven | 246 days | 148 days |
| 2018 Correction | ||
| % Loss | -17.9% | -19.8% |
| % Gain to Breakeven | 21.7% | 24.7% |
| Time to Breakeven | 542 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -46.2% | -56.8% |
| % Gain to Breakeven | 85.8% | 131.3% |
| Time to Breakeven | 510 days | 1,480 days |
Compare to MCD, SBUX, CMG, DRI, WEN
In The Past
Yum Brands's stock fell -24.2% during the 2022 Inflation Shock from a high on 12/31/2021. A -24.2% loss requires a 31.9% gain to breakeven.
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AI Analysis | Feedback
- KFC: Offers a variety of chicken products, including its Original Recipe fried chicken, chicken sandwiches, and sides.
- Pizza Hut: Provides a wide selection of pizzas, pasta dishes, wings, and desserts.
- Taco Bell: Serves Mexican-inspired fast food such as tacos, burritos, nachos, and quesadillas.
- The Habit Burger Grill: Specializes in made-to-order charbroiled burgers, sandwiches, salads, and shakes.
AI Analysis | Feedback
Yum Brands (YUM) operates a global quick-service restaurant business primarily through a highly franchised model. While its direct business relationships are with thousands of independent franchisees (other companies) across the globe, no single franchisee or small group of franchisees constitutes a "major customer" that would be individually identified in financial disclosures. The franchisee network is intentionally diverse and fragmented to mitigate reliance on any single entity.
Therefore, we will focus on the ultimate consumers who frequent Yum Brands' restaurants (KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill). Yum Brands primarily sells food and experiences to individuals, serving a broad spectrum of the general public. We can categorize its major customer segments as follows:
- Families and Social Gatherers: This customer segment seeks convenient and satisfying meal solutions for groups, often for shared dining experiences at home or in casual restaurant settings. They value variety, family-sized options, and ease of ordering for multiple people. Brands like KFC and Pizza Hut, with their buckets of chicken and pizzas, particularly cater to this group for family dinners, parties, and casual get-togethers.
- Young Adults and Value Seekers: This demographic often prioritizes affordability, speed, and customizable meal options. They are frequently students, young professionals, or individuals seeking satisfying meals on a budget. Taco Bell is a prominent example, appealing to this group with its diverse menu, value offerings, and innovative marketing. The Habit Burger Grill also attracts those looking for quality casual dining at a reasonable price.
- Convenience-Driven Consumers: This broad category encompasses individuals and groups whose primary motivation is convenience, speed, and accessibility. They seek quick, ready-to-eat meals due to busy lifestyles, spontaneous cravings, or a preference for minimal preparation. This segment utilizes drive-thrus, delivery services, and quick counter service across all of Yum Brands' concepts, seeking ease and efficiency in their dining choices.
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- Coca-Cola Company (KO)
- McLane Company
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Chris Turner, Chief Executive Officer, Yum! Brands, Inc.
Chris Turner assumed the role of Chief Executive Officer of Yum! Brands on October 1, 2025, having previously served as the Chief Financial Officer since 2019 and Chief Franchise Officer since 2024. Before joining Yum! Brands, he held leadership positions at PepsiCo, where he led PepsiCo's retail and e-commerce business with Walmart across the U.S. and over 25 international markets. Turner also spent more than 13 years as a Partner at McKinsey & Company, leading the Service Operations practice in North America, the Restaurant Service Line, the Retail Operations team, and recruiting for all Southern U.S. offices. At Yum! Brands, he has been instrumental in the Company's digital and technology transformation, including the creation of Byte by Yum!, an AI-driven restaurant technology platform. He also serves on the Board of Directors of Academy Sports and Outdoors, Inc.
Ranjith Roy, Chief Financial Officer, Yum! Brands, Inc.
Ranjith Roy was appointed Chief Financial Officer of Yum! Brands on September 9, 2025. He joined Yum! Brands in 2024 as Chief Strategy Officer and Treasurer. Prior to his time at Yum!, Roy served as CFO of Goldbelly, a gourmet food e-commerce marketplace, where he contributed to scaling operations and uncovering new growth opportunities. He also dedicated over 15 years to Goldman Sachs, where he managed investment banking relationships for businesses in the restaurant, food, and food tech sectors.
Tracy Skeans, Chief Operating Officer and Chief People & Culture Officer, Yum! Brands, Inc.
Tracy Skeans serves as the Chief Operating Officer and Chief People & Culture Officer for Yum! Brands, Inc., a role she has held since joining the Company in 2000. Her responsibilities encompass global oversight for operational execution, people capability, and customer experience initiatives. Skeans' previous roles at Yum! include Chief Transformation & People Officer and President of Pizza Hut International, which involved leading a business of more than 5,900 restaurants across over 85 countries. Early in her career, she also held various finance positions at Pizza Hut, focusing on strategic planning, asset development, and accounting.
Sean Tresvant, Chief Executive Officer, Taco Bell Division, and Chief Consumer Officer, Yum! Brands, Inc.
Sean Tresvant became the Chief Executive Officer of the Taco Bell Division on January 1, 2024, and was promoted to Chief Consumer Officer for Yum! Brands on September 9, 2025. He initially joined Taco Bell in January 2022 as Global Chief Brand Officer. Before his tenure at Yum!, Tresvant spent over 15 years in leadership roles at Nike, including Chief Marketing Officer of the Jordan Brand. He also held positions as a senior brand manager at Pepsi for five years and as executive brand director at Sports Illustrated for two years. Tresvant is recognized for his leadership in successful marketing campaigns at Taco Bell, notably orchestrating the return of the Mexican Pizza.
Aaron Powell, Chief Executive Officer, Pizza Hut Division
Aaron Powell serves as the Chief Executive Officer of the Pizza Hut Division, having joined in 2021. Prior to Yum!, he spent more than 14 years at Kimberly-Clark, where he held a variety of global leadership roles, including President of Kimberly-Clark Asia-Pacific, overseeing operations in over 30 countries. His experience also includes four years with Bain & Company in its consumer practice and eight years in sales leadership and brand management roles at Procter & Gamble. Powell is currently a member of the Board of Directors for Sherwin-Williams.
AI Analysis | Feedback
The key risks to Yum! Brands (YUM) are primarily concentrated around intense market competition and evolving consumer preferences, vulnerabilities within its global supply chain, and significant exposure to geopolitical and regulatory shifts, particularly in China.
1. Intense Competition and Shifting Consumer Preferences
Yum! Brands operates within a highly competitive retail food industry, facing pressure from major rivals such as McDonald's and Restaurant Brands International, leading to a "value war" that can squeeze margins. A significant risk stems from changing consumer preferences, including a growing demand for healthier options and a decline in cultural relevance for some of its established brands, notably Pizza Hut and, to a lesser extent, KFC in the U.S.. Pizza Hut, in particular, has consistently underperformed, experiencing declining comparable sales in key markets. Consumers are also increasingly seeking personalization, convenience through digital ordering, and value, which necessitates continuous menu innovation and adaptation from Yum! Brands' diverse portfolio.
2. Global Supply Chain Vulnerabilities
Yum! Brands' extensive global operations are susceptible to various supply chain risks. These include price volatility for crucial raw materials like beef, chicken, and dairy, which can impact costs and profitability. The effects of climate change, such as rising temperatures and extreme weather events, pose a threat to the availability of agricultural products, potentially leading to supply shortages. Furthermore, maintaining stringent food safety standards across a vast and decentralized supply chain is critical; past incidents, like the chicken safety scare in China, have demonstrated the potential for significant negative impacts on brand reputation and sales.
3. Geopolitical and Regulatory Risks (especially in China)
A substantial portion of Yum! Brands' business is conducted in mainland China through its largest franchisee, Yum China, exposing the company to a unique set of geopolitical and regulatory risks. These include potential political, financial, and social instability, changes in economic conditions, and uncertainties regarding the interpretation and enforcement of Chinese laws and regulations. The company also faces heightened data and cybersecurity risks associated with doing business in China. More broadly, operating across over 155 countries subjects Yum! Brands and its franchisees to a complex and ever-changing global regulatory environment, including labor laws, which can lead to increased compliance costs or disruptions from non-compliance.
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Accelerated consumer shift towards plant-based and healthier fast-food options, impacting the demand for traditional offerings and increasing competition from specialized healthier or plant-based quick-service restaurants.
Proliferation of virtual restaurant brands and ghost kitchens, which leverage delivery platforms to enter the market with lower overheads and highly specialized menus, fragmenting the quick-service market and intensifying competition for digital orders and delivery occasions.
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Yum! Brands operates several well-known quick-service restaurant (QSR) chains globally, each with distinct addressable markets for their main products and services. The primary brands include KFC (fried chicken), Pizza Hut (pizza), Taco Bell (Mexican-style food), and The Habit Burger Grill (chargrilled burgers/fast-casual).
Overall Fast Food and Quick Service Restaurant (QSR) Markets:
- The global fast food market was valued at approximately USD 741.25 billion in 2024 and is projected to reach USD 1,111.10 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2033. North America held the largest share of this market. Another source estimates the global fast food market at USD 902.1 billion in 2024, reaching USD 1,298.5 billion by 2033.
- The global quick service restaurants (QSR) market was valued at USD 971.36 billion in 2024 and is projected to grow to USD 1,930.14 billion by 2032, exhibiting a CAGR of 9.01% during the forecast period. North America dominated the quick-service restaurants market with a 37.45% share in 2024. The U.S. QSR market alone is projected to reach USD 599.87 billion by 2032. Other estimates place the global QSR market at USD 1.07 trillion in 2025, reaching USD 1.60 trillion by 2030.
Addressable Markets by Brand:
KFC (Fried Chicken)
- The global fried chicken market was valued at around USD 44.56 billion in 2024 and is predicted to grow to approximately USD 78.92 billion by 2035, with a CAGR of 5.33% from 2025 to 2035. North America was the largest regional market in 2024. Asia-Pacific is anticipated to be the fastest-growing region.
Pizza Hut (Pizza)
- The global pizza market was valued at USD 272.40 billion in 2024 and is projected to grow to USD 409.50 billion by 2032, exhibiting a CAGR of 5.42%. North America held the largest share of the pizza market with 38.83% in 2024. Quick service restaurants (QSR) accounted for the largest share within the pizza market.
Taco Bell (Mexican-style Food)
- The broader global Mexican food market was estimated at USD 319.2 billion in 2024 and is expected to reach USD 418.1 billion by 2030, growing at a CAGR of 4.6%. The U.S. Mexican food market alone was estimated at USD 86.2 billion in 2024.
- More specifically, the Mexican fast-casual restaurant market is estimated to reach USD 61.08 billion by 2032, growing at a CAGR of 9.7% from 2025 to 2032.
The Habit Burger Grill (Chargrilled Burgers / Fast Casual Burgers)
- The global fast casual restaurant market, which includes chargrilled burgers, was valued at USD 211.52 billion in 2024 and is expected to reach USD 628.20 billion by 2034, with a CAGR of 11.50% between 2025 and 2034. Other sources estimate the global fast casual restaurant market at USD 209.77 billion in 2024, projected to reach USD 451.04 billion by 2031.
- North America is a dominant region in the fast-casual restaurant market, accounting for a significant share. The burger/sandwich segment held the largest market share within the fast-casual restaurant market, capturing 29.53% in 2023.
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Yum! Brands (NYSE: YUM) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic unit expansion, robust digital transformation, continuous menu innovation, and a strong franchise-centric operating model.
- Global Unit Growth and Market Expansion: Yum! Brands targets a long-term average of 5% unit growth, with a focus on robust development outside the U.S. This expansion strategy involves adding new restaurants across its portfolio of KFC, Taco Bell, and Pizza Hut, thereby increasing its global footprint and customer reach.
- Accelerated Digital Sales and Technology Integration: The company is significantly investing in its digital capabilities, which have already resulted in digital sales reaching approximately 60% of total system sales in Q3 2025. Initiatives include expanding kiosk adoption, with KFC aiming for 70% penetration by 2026, and leveraging AI-driven marketing and loyalty programs that have shown a 12% increase in visit frequency among members. These technological advancements enhance customer engagement and operational efficiency.
- Menu Innovation and Value Offerings within Core Brands: Strong performance from key brands like Taco Bell and KFC, which account for approximately 90% of divisional operating profit, is driven by continuous menu innovation and strategic value offerings. Taco Bell, for instance, has demonstrated consistent positive transaction growth and market share gains across all income bands due to its innovative menu and value propositions. KFC is also focused on expanding relevant product offerings (e.g., tenders, nuggets, sandwiches) and refining pricing strategies to enhance value perception.
- Leveraging an Asset-Light, Franchise-Centric Business Model: Yum! Brands' revenue growth is underpinned by its franchise model, which facilitates accelerated global expansion while minimizing capital investment risk. This strategy ensures robust cash flow generation through upfront franchise fees and ongoing royalty streams, enabling the company to expand its brand penetration across diverse geographies effectively.
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Share Repurchases
- Yum! Brands' Board of Directors approved a new share repurchase authorization of up to $2.0 billion in common stock, effective from July 1, 2024, through December 31, 2026.
- The company returned approximately $1.5 billion in capital to stockholders in 2024.
- Yum! Brands aims to return a total of $3 billion to shareholders from 2025 through 2026.
Share Issuance
- Yum! Brands' shares outstanding for the quarter ending September 30, 2025, were 281 million, marking a 1.4% decline year-over-year.
- The company's shares outstanding were 0.285 billion in 2024, a 0% decline from 2023, and 0.285 billion in 2023, a 1.72% decline from 2022.
Outbound Investments
- In 2024, Yum! Brands acquired KFC U.K. and Ireland restaurants, which was a significant outflow in investing activities.
- The company received $104 million from the sale of its investment in Devyani in 2024.
- Yum! Brands generated $121 million in proceeds from the sale of KFC Russia in 2023.
Capital Expenditures
- Capital spending by Yum! Brands was $257 million in 2024 and $285 million in 2023.
- Net capital expenditures for Yum! Brands were $54 million in the second quarter of 2025.
Latest Trefis Analyses
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Trade Ideas
Select ideas related to YUM. For more, see Trefis Trade Ideas.
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|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 10.7% | 10.7% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.9% | 3.9% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.8% | 3.8% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.9% | 19.9% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.5% | 7.5% | -1.6% |
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Peer Comparisons for Yum Brands
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 112.49 |
| Mkt Cap | 33.0 |
| Rev LTM | 8,584 |
| Op Inc LTM | 2,172 |
| FCF LTM | 1,459 |
| FCF 3Y Avg | 1,322 |
| CFO LTM | 1,747 |
| CFO 3Y Avg | 1,558 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | 5.3% |
| Rev Chg Q | 6.9% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Mgn LTM | 22.5% |
| Op Mgn 3Y Avg | 23.6% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 18.1% |
| CFO/Rev 3Y Avg | 18.3% |
| FCF/Rev LTM | 14.1% |
| FCF/Rev 3Y Avg | 14.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 33.0 |
| P/S | 3.6 |
| P/EBIT | 16.2 |
| P/E | 28.3 |
| P/CFO | 20.7 |
| Total Yield | 5.8% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.4% |
| 3M Rtn | 2.8% |
| 6M Rtn | 1.0% |
| 12M Rtn | 7.7% |
| 3Y Rtn | 26.6% |
| 1M Excs Rtn | -0.6% |
| 3M Excs Rtn | -0.5% |
| 6M Excs Rtn | -12.3% |
| 12M Excs Rtn | -10.3% |
| 3Y Excs Rtn | -51.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Kentucky Fried Chicken (KFC) Division | 2,830 | 2,834 | 2,793 | 2,272 | 2,491 |
| Taco Bell Division | 2,641 | 2,437 | 2,238 | 2,031 | 2,079 |
| Pizza Hut Division | 1,019 | 1,004 | 1,028 | 1,002 | 1,027 |
| Habit Burger & Grill Division | 586 | 567 | 525 | 347 | |
| Total | 7,076 | 6,842 | 6,584 | 5,652 | 5,597 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Kentucky Fried Chicken (KFC) Division | 1,304 | 1,198 | 1,230 | 922 | 1,052 |
| Taco Bell Division | 944 | 850 | 758 | 696 | 683 |
| Pizza Hut Division | 391 | 387 | 387 | 335 | 369 |
| Unallocated Refranchising gain (loss) | 29 | 27 | 35 | 34 | 37 |
| Unallocated Franchise and property expenses | -1 | -6 | 1 | -4 | -14 |
| Unallocated Other income (expense) | -9 | 52 | -14 | -146 | -9 |
| Habit Burger & Grill Division | -14 | -24 | 2 | -22 | |
| Corporate and unallocated General and administrative (G&A) expenses | -326 | -297 | -260 | -312 | -188 |
| Total | 2,318 | 2,187 | 2,139 | 1,503 | 1,930 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Kentucky Fried Chicken (KFC) Division | 2,281 | 2,227 | 2,313 | 2,011 | 2,042 |
| Taco Bell Division | 1,544 | 1,483 | 1,397 | 1,387 | 1,330 |
| Corporate and Unallocated | 962 | 757 | 820 | 1,113 | 1,058 |
| Pizza Hut Division | 814 | 788 | 850 | 804 | 801 |
| Habit Burger & Grill Division | 630 | 591 | 586 | 537 | |
| Total | 6,231 | 5,846 | 5,966 | 5,852 | 5,231 |
Price Behavior
| Market Price | $155.27 | |
| Market Cap ($ Bil) | 43.2 | |
| First Trading Date | 09/17/1997 | |
| Distance from 52W High | -3.1% | |
| 50 Days | 200 Days | |
| DMA Price | $147.20 | $146.46 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 5.5% | 6.0% |
| 3M | 1YR | |
| Volatility | 24.7% | 24.9% |
| Downside Capture | -18.55 | 29.18 |
| Upside Capture | 5.37 | 42.09 |
| Correlation (SPY) | -5.3% | 26.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.41 | -0.14 | -0.07 | 0.12 | 0.35 | 0.42 |
| Up Beta | -0.25 | 0.11 | 0.10 | 0.15 | 0.25 | 0.36 |
| Down Beta | -1.13 | -0.30 | -0.26 | -0.24 | 0.46 | 0.41 |
| Up Capture | 54% | -6% | 9% | 27% | 30% | 17% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 9 | 15 | 28 | 64 | 123 | 391 |
| Down Capture | -89% | -18% | -17% | 24% | 45% | 73% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 26 | 34 | 61 | 125 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of YUM With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| YUM | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 17.5% | 3.1% | 14.7% | 67.3% | 6.8% | -0.5% | -16.6% |
| Annualized Volatility | 24.9% | 24.7% | 19.7% | 19.3% | 15.2% | 17.6% | 35.4% |
| Sharpe Ratio | 0.60 | 0.07 | 0.57 | 2.54 | 0.23 | -0.18 | -0.25 |
| Correlation With Other Assets | 27.4% | 27.6% | 5.1% | 4.0% | 44.3% | 2.9% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of YUM With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| YUM | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 10.1% | 10.2% | 15.0% | 18.9% | 11.8% | 5.1% | 35.8% |
| Annualized Volatility | 20.2% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.41 | 0.39 | 0.71 | 0.98 | 0.51 | 0.18 | 0.63 |
| Correlation With Other Assets | 44.0% | 47.6% | 9.2% | 9.1% | 47.6% | 13.9% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of YUM With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| YUM | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 13.8% | 13.3% | 14.9% | 14.9% | 6.7% | 5.5% | 69.9% |
| Annualized Volatility | 22.9% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.56 | 0.56 | 0.71 | 0.84 | 0.30 | 0.23 | 0.90 |
| Correlation With Other Assets | 54.3% | 57.9% | 5.4% | 18.6% | 54.5% | 10.0% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | 7.3% | 6.4% | 5.1% |
| 8/5/2025 | -5.1% | -3.9% | -1.2% |
| 4/30/2025 | 1.9% | 0.4% | -2.0% |
| 2/6/2025 | 9.7% | 11.6% | 24.4% |
| 11/5/2024 | 1.5% | 2.9% | 4.6% |
| 8/6/2024 | 2.6% | 1.7% | 1.6% |
| 5/1/2024 | -4.2% | -3.8% | -4.1% |
| 2/7/2024 | 1.9% | 3.1% | 10.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 11 | 11 | 10 |
| Median Positive | 1.9% | 3.1% | 4.8% |
| Median Negative | -1.9% | -3.8% | -4.1% |
| Max Positive | 9.7% | 11.6% | 24.4% |
| Max Negative | -5.1% | -5.7% | -15.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5072025 | 10-Q 3/31/2025 |
| 12312024 | 2192025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5072024 | 10-Q 3/31/2024 |
| 12312023 | 2202024 | 10-K 12/31/2023 |
| 9302023 | 11072023 | 10-Q 9/30/2023 |
| 6302023 | 8072023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 9302022 | 11082022 | 10-Q 9/30/2022 |
| 6302022 | 8082022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 2232022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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