Yum! Brands reported third-quarter adjusted earnings of $1.56 per share, above the $1.49 analyst consensus, while revenue rose 4% year over year to $2.05 billion, narrowly below the $2.06 billion estimate. Taco Bell's U.S. same-store sales declined 4% amid a foodborne illness outbreak tied to iceberg lettuce, identified as cyclospora in the existing report, while KFC delivered stronger sales and profit growth. The company completed the sale of Pizza Hut's mainland China business to Yum China Holdings for $1.2 billion and its remaining Pizza Hut business to LongRange Capital for approximately $1.5 billion. Yum reiterated its long-term growth targets and expects 2026 unit growth excluding Pizza Hut to exceed 5%.