YUMC earnings analysis
What we found in YUMC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- Large Repurchase Authorization
- The Board has authorized an aggregate of $5.4 billion for the share repurchase program, with no expiration date.
- Disclosure Controls Effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.7
What they said about what is next.
The supplied 10-Q excerpt does not provide quantitative revenue or EPS guidance. No explicit outlook, liquidity outlook, or capital-spending forecast was identified.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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