Yum Brands Reports Q1 2025 Earnings

Yum Brands







on Wednesday reported mixed quarterly results as Pizza Hut’s same-store sales dropped more than expected.

Shares of the company fell less than 1% in premarket trading.

Here’s what the company reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $1.30 adjusted vs. $1.29 expected
• Revenue: $1.79 billion vs. $1.85 billion expected

Yum reported first-quarter net income of $253 million, or 90 cents per share, down from $314 million, or $1.10 per share, a year earlier.

Excluding costs to move KFC’s U.S. headquarters to Texas and other items, the company earned $1.30 per share.

Net sales climbed 12% to $1.79 billion. Across all of its brands, Yum’s same-store sales rose 3%.

Once again, Pizza Hut was the laggard this quarter. The struggling pizza chain saw its same-store sales shrink 2%, a steeper decline than the 0.1% decrease projected by StreetAccount estimates. Pizza Hut’s U.S. same-store sales slid 5%, while the metric was flat in international markets.

Taco Bell, the standout of Yum’s portfolio, reported same-store sales growth of 9%, topping estimates of 8%.

KFC’s same-store sales rose 2%, beating estimates of 1.4%. The bulk of the fried chicken chain’s sales come from outside the U.S. China, its largest market, saw system sales growth of 3%.

But like Pizza Hut, KFC’s U.S. business has been struggling. The chain’s domestic same-store sales shrank 1% in the quarter. Rival chicken chains
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Digital orders, which include those on mobile apps and in-store kiosks, accounted for 55% of Yum’s total sales this quarter.

In late March, CEO David Gibbs announced plans to retire in the first quarter of 2026. The company’s board is currently searching for his replacement.