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Yum China Holdings YUMC Transactions With Franchisees — Cost of Goods Sold

Other product segments

Company Restaurant Expenses
$2.28B
Franchise Fees And Income
$11M

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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:CostOfGoodsAndServicesSold.

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 itemQuarter EndedQuarter EndedQuarter Ended
Company restaurant expenses2,4942,281
General and administrative expenses137138
Franchise expenses1211
Expenses for transactions with franchisees150117
Other operating costs and expenses3129
Closures and impairment expenses, net6
Total costs and expenses, net2,8242,582
Operating Profit447399

Item 1. Financial Statements

FAQ

What is Yum China Holdings's transactions with franchisees — cost of goods sold?
Yum China Holdings (YUMC) reported transactions with franchisees — cost of goods sold of $150M in Q1 2026.
How has Yum China Holdings's transactions with franchisees — cost of goods sold changed year-over-year?
Yum China Holdings's transactions with franchisees — cost of goods sold increased by 28.2% year-over-year, from $117M to $150M.
What is the long-term trend for Yum China Holdings's transactions with franchisees — cost of goods sold?
Over 4 years (2021 to 2025), Yum China Holdings's transactions with franchisees — cost of goods sold has grown at a -7.2% compound annual growth rate (CAGR), from $649M to $481M.
What does transactions with franchisees — cost of goods sold mean?
This metric measures the direct costs incurred by the company to provide goods and services specifically to its franchised restaurant units. It includes expenses related to supply chain logistics, food and beverage procurement, and support services provided to franchisees. Monitoring this cost helps assess the efficiency and profitability of the company's supply chain and support infrastructure for the franchise segment.

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