Question 1

What is Yum! Brands's franchise and property expenses?

Accepted Answer

Yum! Brands (YUM) reported franchise and property expenses of $43M in Q1 2026.

Question 2

How has Yum! Brands's franchise and property expenses changed year-over-year?

Accepted Answer

Yum! Brands's franchise and property expenses increased by 26.5% year-over-year, from $34M to $43M.

Question 3

What is the long-term trend for Yum! Brands's franchise and property expenses?

Accepted Answer

Over 4 years (2021 to 2025), Yum! Brands's franchise and property expenses has grown at a 4.8% compound annual growth rate (CAGR), from $117M to $141M.

Question 4

What does franchise and property expenses mean?

Accepted Answer

Franchise and property expenses encompass the costs incurred by the franchisor to support the franchise network, including property leasing, maintenance, and support services provided to franchisees. These costs are specific to the business model of a franchised restaurant operator. They reflect the investment required to maintain the physical footprint and operational standards of the brand.

(in millions, except per share data)	Quarter ended	Quarter ended
Costs and Expenses, Net
Company restaurant expenses	677	520
General and administrative expenses	322	302
Franchise and property expenses	43	34
Franchise advertising and other services expense	419	396
Refranchising (gain) loss	(1)	(5)
Other (income) expense	(45)	(8)
Total costs and expenses, net	1,415	1,239

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