Filing Flows › Yum Brands (YUM) › Q1 2025
Yum Brands (YUM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Yum Brands (YUM) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -24% from the quarter before. Operating margin was 30.7%, net earnings $253M (14.2% of revenue).
Yum Brands, Q1 2025: revenue $1.8B (+12% year over year), operating margin 30.7%, net earnings $253M, operating cash flow $404M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -24% | +12% |
| Operating profit | $548M | -17% | +5% |
| Net earnings | $253M | -40% | -19% |
| Operating cash flow | $404M | -21% | +11% |
| Free cash flow | $333M | -18% | +6% |
What changed
Revenue was $1.8B in Q1 2025, up 12% year over year and down 24% from the previous quarter. KFC Global Division was the largest line at 43% of revenue. KFC Global Division added $0.14B year over year (up 22%), 75% of the total change. Pizza Hut Global Division declined 3%.
Operating profit was $0.55B, a 30.7% margin (down 1.9 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 33% margin then. Total costs grew 15% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+30%). Net earnings were $0.25B, down 19% year over year. The effective tax rate was 41.0%.
Operating cash flow was $0.40B (up 11% year over year), 160% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.07B left free cash flow of $0.33B.
Questions
What was Yum Brands' revenue in the first quarter 2025?
Yum Brands (YUM) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), +12% from a year earlier and -24% from the quarter before.
Was Yum Brands profitable in the first quarter 2025?
Operating profit was $548M (30.7% of revenue) and net earnings $253M.
Source: Yum Brands 10-Q on SEC EDGAR.