Yum China Q2 2026: Revenue +12.6% to $3.14B, Net Income +13.3% to $264M, Diluted EPS +20.7%

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Acquired Pizza Hut brand ownership in China for $1.2B cash (financed by offshore bridge loan), eliminating future license fees to YUM and amending master license agreement for KFC/Taco Bell.

  Notes: Pizza Hut Brand Acquisition view on EDGAR →
• high

  Restaurant count grew 14% to 19,297 (covering 2,700+ cities), with Pizza Hut units +18% and franchise expansion accelerating (+32% overall, +118% for Pizza Hut franchises).

  MD&A: Unit Growth verify on EDGAR →
• high

  Operating profit rose 14% to $348M (+7% ex-FX) on efficiency gains and favorable commodity prices; restaurant margin held flat at 16.1% despite delivery cost and value-for-money pressures.

  MD&A: Operating Profit & Margins verify on EDGAR →