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Yum China Holdings YUMC Pizza Hut — Cost Direct Labor

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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:CostDirectLabor.

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
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
Expenses for transactions with franchisees15225108150150

Item 1. Financial Statements

FAQ

What is Yum China Holdings's pizza hut — cost direct labor?
Yum China Holdings (YUMC) reported pizza hut — cost direct labor of $168M in Q1 2026.
How has Yum China Holdings's pizza hut — cost direct labor changed year-over-year?
Yum China Holdings's pizza hut — cost direct labor increased by 3.1% year-over-year, from $163M to $168M.
What is the long-term trend for Yum China Holdings's pizza hut — cost direct labor?
Over 3 years (2022 to 2025), Yum China Holdings's pizza hut — cost direct labor has grown at a 3.8% compound annual growth rate (CAGR), from $572M to $640M.
What does pizza hut — cost direct labor mean?
The total compensation, including wages, benefits, and payroll taxes, paid to restaurant-level employees involved in the preparation and service of food. This represents a significant portion of operating expenses and is influenced by labor market conditions and minimum wage regulations. It is a key metric for assessing operational efficiency and labor productivity.

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