10-Q · May 8, 2026
Yum China Holdings reported Q1 2026 results with total revenues of $3.27 billion, an increase of 10% year-over-year, exceeding expectations. Diluted EPS also grew 13% to $0.87, driven by net new unit contributions and…
Earnings analysis · 10-Q
YUMC earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
The supplied earnings data show Q2 revenue of $3.138 billion and EPS of $0.70, but the provided 10-Q excerpt does not include the comparative income statement, segment results, balance sheet, or cash-flow detail needed…
Read full summary
The supplied earnings data show Q2 revenue of $3.138 billion and EPS of $0.70, but the provided 10-Q excerpt does not include the comparative income statement, segment results, balance sheet, or cash-flow detail needed for a complete trend analysis. Capital returns continued, with 6.535 million shares repurchased at an average $46.06 per share under a $5.4 billion authorization. The principal quantified risk is foreign exchange: a 10% RMB weakening would reduce operating profit by approximately $33 million for the quarter and $75 million year to date. The company reported no material changes to the risk factors disclosed in its 2025 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.7
What stood out
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Q2 Revenue and EPS Reported
Reported Q2 revenue was $3.138 billion and EPS was $0.70 based on the supplied earnings data; the filing excerpt does not provide the comparative income-statement detail needed to quantify year-over-year margin or EPS trends.
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Share Repurchases Continued
The company repurchased 6.535 million shares during the quarter at an average price of $46.06 per share, supporting ongoing shareholder returns.
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Large Repurchase Authorization
The Board has authorized an aggregate of $5.4 billion for the share repurchase program, with no expiration date.
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Disclosure Controls Effective
Management concluded that disclosure controls and procedures were effective as of June 30, 2026.
What to watch
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RMB Weakness Exposure
A 10% weakening of the RMB relative to the U.S. dollar would have reduced quarterly operating profit by approximately $33 million, assuming no changes in sales volumes, local-currency sales, or input prices.
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Cumulative FX Sensitivity
The same 10% RMB weakening scenario would have reduced year-to-date operating profit by approximately $75 million, highlighting material translation sensitivity across the China-focused business.
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Commodity Cost Pressure
Food-cost volatility remains a risk, and the company states that its ability to recover higher costs through pricing is sometimes limited by competition; no dollar impact was disclosed in the supplied excerpt.
Management's outlook
The supplied 10-Q excerpt does not provide quantitative revenue or EPS guidance. No explicit outlook, liquidity outlook, or capital-spending forecast was identified.
Earlier filings 4
10-K · February 27, 2026
Yum China reports $11.8 billion of revenues in 2025 with a network of 18,101 restaurants as of December 31, 2025. Management’s RGM 3.0 strategy emphasizes expansion (targeting 20,000 stores in 2026 and >30,000 by 2030),…
10-K · February 27, 2025
Yum China reports $11.3 billion of revenue in 2024 and operates 16,395 restaurants as of December 31, 2024, while pursuing an aggressive expansion target of 20,000 stores by 2026. The company emphasizes digital,…
10-K · February 29, 2024
Yum China reports $11 billion of revenue and 14,644 restaurants as of December 31, 2023, and is pivoting its RGM strategy toward faster growth with a target of 20,000 stores by 2026. The company highlights deep digital…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.