Yum!(US:YUM) Yahoo Financeยท2025-11-05 10:20Core Insights - Yum! Brands has initiated a formal strategic review of its Pizza Hut business, appointing Goldman Sachs and Barclays as financial advisers to evaluate options for the brand [1][2] - CEO Chris Turner emphasized the need for additional actions to help Pizza Hut realize its full value, suggesting that this may be better executed outside of Yum! Brands [2] Financial Performance - Yum! Brands reported a Q3 profit increase, with net income rising to $397 million, or $1.41 per share, compared to $382 million, or $1.35 per share, a year earlier [3] - On an adjusted basis, earnings were $1.58 per share, excluding costs related to the strategic review of Pizza Hut [3] - The company's revenue for the quarter ended September 30, 2025, rose 8% year-on-year to $1.97 billion [3] Sales and Growth Metrics - Worldwide system sales increased by 5% excluding foreign currency translation, with Taco Bell leading at 9% and KFC at 6% [4] - Digital transactions reached $10 billion systemwide, accounting for approximately 60% of orders [4] - Group same-store sales grew by 3%, driven by gains at Taco Bell and KFC [4] Division Performance - Taco Bell achieved a 7% increase in same-store sales, while KFC posted a 3% rise [5] - In China, KFC's system sales advanced by 6%, and in the US, KFC's same-store sales were up by 2% [5] - Pizza Hut was the only division to report a decline, with same-store sales falling by 1%, primarily due to a 7% drop at US locations open for at least a year [5] Strategic Priorities - CEO Chris Turner outlined three priorities for future growth: staying relevant with the next generation of consumers, leveraging global scale to strengthen franchisees' store-level economics, and expanding Byte across more restaurants worldwide [6] Leadership and Operational Enhancements - In September 2025, Yum! Brands announced a series of leadership appointments aimed at enhancing operational capabilities and supporting long-term value creation across its global operations [7]