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Yum China Holdings YUMC KFC — Cost Direct Labor

Other segment segments

Pizza Hut
$168M+3.1%
All Other Segments
$3M0.0%

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DRIProduct — Cost Direct Labor
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CMGU.S. — Labor
$789.09M+11.9%
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CAVALabor
$111.55M+31.9%
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TXRHOther — Cost Direct Labor
$2.99M+6.4%
Restaurant Brands International logo
QSRRestaurant wages and related expenses — Total
$146M+0.7%
Yum! Brands logo
YUMKFC Global Division — Costs of Franchised Outlets
$19M+18.8%

Other financials

Income statement

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Revenue$3.3B+9.7%
Operating income$447.0M+12.0%
Net income$309.0M+5.8%
EPS (diluted)$0.87+13.0%

Balance sheet

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Cash & equivalents$473.0M-42.7%
Total debt$2.3B-2.3%
Total equity$5.4B-6.1%
Total assets$10.8B-1.5%

Cash flow

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Operating cash flow$550.0M+21.7%
CapEx$144.0M+5.1%
Free cash flow$406.0M+28.9%

Valuation

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Market cap$14.87B-12.2%
Enterprise value$16.72B-9.9%
P/E15.7×-2.8×
P/S1.2×-0.3×

Profitability

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Gross margin24.4%
Operating margin11.1%+0.6pp
Net margin7.8%-0.3pp
FCF margin8.3%+1.8pp

Returns & leverage

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Return on equity16.9%+1.1pp
Debt / equity0.4×0.0×
Current ratio-0.2×

Where this comes from

Reported directly by Yum China Holdings in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

The official record: Yum China Holdings’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Yum China Holdings's KFC — cost direct labor?
Yum China Holdings (YUMC) reported KFC — cost direct labor of $643M in Q1 2026.
How has Yum China Holdings's KFC — cost direct labor changed year-over-year?
Yum China Holdings's KFC — cost direct labor increased by 16.1% year-over-year, from $554M to $643M.
What is the long-term trend for Yum China Holdings's KFC — cost direct labor?
Over 3 years (2022 to 2025), Yum China Holdings's KFC — cost direct labor has grown at a 9.2% compound annual growth rate (CAGR), from $1.8B to $2.34B.
What does KFC — cost direct labor mean?
The total cost of wages and benefits for restaurant staff.
How do you interpret KFC — cost direct labor?
Lower labor costs as a percentage of revenue indicate higher operational efficiency.
How does KFC — cost direct labor compare across companies?
Standard labor expense metric for service-oriented and retail businesses.