YUM China

Q2 FY2026 EarningsQ2 FY26 beat consensus across all major metrics: total revenue of $3.14B exceeded the $3.05B estimate by +2.83%, while GAAP EPS of $0.70 beat the $0.68 expectation by +3.67%. Growth was primarily driven by a 14% YoY increase in total store units and resilient 1% same-store sales growth across both KFC and Pizza Hut. Management reiterated its $1.5B capital return target for FY26 and announced a major strategic $1.2B buyout of the Pizza Hut brand rights in China.