For the third quarter of 2026, analysts expect Yum! Brands to report consensus revenue of $2.06 billion (+4.0% YoY) and adjusted EPS of $1.51 (-4.4% YoY), with shares trading at $155.40 against an average price target of $170.61.
Investors are hyper-focused on Taco Bell's domestic recovery following a major Cyclospora outbreak in July that severely disrupted traffic and required significant promotional investment to restore consumer trust.
The period also marks the first since Yum! completed its $2.7 billion divestiture of the global Pizza Hut business to LongRange Capital on September 1. This strategic pivot allows the company to concentrate capital on KFC’s modernization and Taco Bell’s expansion, while leveraging a digital sales mix that recently exceeded 60%.