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Yum China Holdings YUMC KFC — Cost Direct Material

Other segment segments

Pizza Hut
$213M+14.5%
All Other Segments
$4M+33.3%

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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$16.27B-1.5%
Enterprise value$18.11B-0.3%
P/E17.2×-0.8×
P/S1.4×-0.1×

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:CostDirectMaterial.

The source filing: Yum China Holdings’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 6:01 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-213131
Line itemKFCPizza HutAll Other SegmentsCorporate and Unallocated(a)CombinedEliminationConsolidated
Inter-segment revenue(c)236236(236)
2,4536352881313,507(236)3,271
Less:
Food and paper7462134963963
Payroll and employee benefits6431683814(1)813
Occupancy and other operating expenses5601526718718
General and administrative expenses6126644137137
Franchise expenses1111212

Item 1. Financial Statements

FAQ

What is Yum China Holdings's KFC — cost direct material?
Yum China Holdings (YUMC) reported KFC — cost direct material of $746M in Q1 2026.
How has Yum China Holdings's KFC — cost direct material changed year-over-year?
Yum China Holdings's KFC — cost direct material increased by 8.9% year-over-year, from $685M to $746M.
What is the long-term trend for Yum China Holdings's KFC — cost direct material?
Over 3 years (2022 to 2025), Yum China Holdings's KFC — cost direct material has grown at a 6.8% compound annual growth rate (CAGR), from $2.21B to $2.69B.
What does KFC — cost direct material mean?
The direct costs associated with food, packaging, and beverage ingredients used in the production of menu items. This is a primary component of the cost of goods sold and is highly sensitive to commodity price inflation.

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