Yum China releases transcript of 2Q 2026 earnings call
YUMC•Pizza Hut acquisition and expansion plans
Pizza Hut brand acquisition is expected to close in August and will be funded mainly with debt via an offshore bridge loan of around USD 1.2 billion.
Eliminating the 3% license fee is expected to add 2.8% to Pizza Hut margins and about 60 bps to Yum China overall.
Pizza Hut net new openings are expected to exceed 800 per year in 2027-2028. Burger Bar is targeted at 500-600 locations by end-2026.
Earnings call transcript and reported results
Yum China posted the transcript of its Q2 2026 earnings call attended by CEO Joey Wat, CFO Adrian Ding, and IR director Florence Lip.
Revenue rose 13%, operating profit increased 14%, and diluted EPS climbed 21%. System sales rose 6% excluding FX, and same-store sales grew 1%.
