U.S. COMPANY FILING
YUM BRANDS INC — Form 10-Q filed 2026-08-05
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Yum! Brands reported Q2 2026 revenue of $2.169B, up 12.2% YoY, and net income of $853M, up 128% YoY. The company completed the acquisition of 128 Taco Bell restaurants in the Southeast U.S. for $666M and signed agreements to sell Pizza Hut (ex-China) to LongRange Capital and Pizza Hut China to Yum China. A $359M deferred tax benefit was recognized related to the Pizza Hut sale, driving a negative effective tax rate. The Board authorized a new $4B share repurchase program.
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