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Yum! Brands YUM Brand HQ Consolidation — General and administrative expenses

Other segment segments

Unallocated
-$111M-5.7%
KFC Global Division
$87M+8.8%
Pizza Hut Global Division
$59M+7.3%
Taco Bell Global Division
$53M+8.2%
PH Strategic Options
$36M
The Habit Burger Grill Global Division
$13M0.0%
German Acquisition KFC & PH
$9M+50.0%

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$27M-8.5%
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$16.72M+7.0%
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DEACorporate General And Administrative Expense
$8.5M+36.7%
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CAVAG&A
$51.59M+24.6%

Other financials

Income statement

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Revenue$2.1B+15.2%
Gross profit$1.4B+9.1%
Operating income$644.0M+17.5%
Net income$432.0M+70.8%
EPS (diluted)$1.55+72.2%

Balance sheet

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Cash & equivalents$889.0M+13.7%
Total debt$3.1B+219%
Total equity-$7.3B+6.7%
Total assets$8.2B+23.3%

Cash flow

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Operating cash flow$416.0M+3.0%
CapEx$75.0M+5.6%
Free cash flow$341.0M+2.4%

Valuation

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Market cap$43.11B+8.7%
Enterprise value$45.3B+11.0%
P/E24.8×-2.9×
P/S5.1×+0.1×

Profitability

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Gross margin68.9%-2.2pp
Operating margin31.5%0.0pp
Net margin20.5%+2.1pp
FCF margin19.4%+0.7pp

Returns & leverage

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Return on equity105.2%
Debt / equity45×
Current ratio0.7×-0.8×

Where this comes from

Reported directly by Yum! Brands in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

The official record: Yum! Brands’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Yum! Brands's brand HQ consolidation — general and administrative expenses?
Yum! Brands (YUM) reported brand HQ consolidation — general and administrative expenses of $5.25M in Q4 2025.
What does brand HQ consolidation — general and administrative expenses mean?
This metric represents the overhead costs associated with managing and supporting the corporate headquarters functions for the consolidated brand portfolio. It encompasses expenses related to executive leadership, centralized administrative support, and corporate governance activities that are not directly allocated to individual restaurant operations. These costs reflect the efficiency of the corporate structure in overseeing a multi-brand franchise model.