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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

Similar metrics at other companies

Yum! Brands logo
YUMTotal Division — Costs of Franchised Outlets
$43M+26.5%
Restaurant Brands International logo
QSRSupply Chain — Cost Of Goods Sold
$381.38M+1,795%
Dutch Bros logo
BROSFranchising and other — Cost of Sales
$12.36M+40.8%
Yum! Brands logo
YUMFranchise advertising and other services expense
$419M+5.8%
Yum! Brands logo
YUMUnallocated — Costs of Franchised Outlets
-$12M-300%
Restaurant Brands International logo
QSRCompany Restaurant — Cost Of Goods Sold
$71M+274%

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:CostOfGoodsAndServicesSold.

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 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?
The direct costs associated with supplying goods and services to franchise partners.
How do you interpret transactions with franchisees — cost of goods sold?
An increase relative to revenue may signal supply chain inefficiencies or rising input costs, whereas a decrease relative to revenue suggests improved operational leverage or better cost management within the franchise support system.
How does transactions with franchisees — cost of goods sold compare across companies?
Comparable to cost of sales or cost of franchise support services reported by other restaurant franchisors.