| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 30, 2026 | 5/12 | 2 high, 4 medium, 2 low flags | 2 | 0 | Call sheet → |
| Q1'26 | April 29, 2026 | 6/12 | 1 high, 2 medium, 5 low flags | 2 | 0 | Call sheet → |
| Q4'25 | February 4, 2026 | 10/12 | 2 medium, 6 low flags | 6 | 0 | Call sheet → |
| Q3'25 | November 4, 2025 | 9/12 | 2 medium, 4 low flags | 3 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | Mid-single digit G&A growth excluding Pizza Hut Tracking at 2% in Q2, well below guidance |
| Q2'26 | Pending | Byte rollout to 2,000 KFC locations in UK and Australia this year UK progressing with Taco Bell but Australia update conspicuously absent |
| Q2'26 | Pending | KFC loyalty in markets representing 75% of system sales by year end On track per management but no interim milestone disclosed |
| Q2'26 | Pending | Roll out AI-driven A/B testing nationwide at Taco Bell this year Now at 900+ stores but shifted language from company-led to franchisee-driven |
| Q2'26 | Delivered | Complete Pizza Hut strategic review in 2026 Announced definitive agreements in June, closing expected August |
| Q2'26 | Pending | Taco Bell U.S. restaurant margins between 24.5% and 25.5% for full year Q2 at 26.2% but Q3 guide of 19-21% makes this target mathematically challenging |
| Q1'26 | Delivered | Pizza Hut Q1 core operating profit in line with guidance Delivered as promised with Hut Forward expenses included |
| Q1'26 | Exceeded | Taco Bell US restaurant margins 24.5-25.5% for 2026 Raised guidance from previous 24-25% range due to better top line and acquired store margins |
| Q1'26 | Pending | Ex-special G&A growth ex-Pizza Hut mid-single digits for 2026 Includes Q2 high single-digit growth timing impact from project spend |
| Q1'26 | Pending | Meet or exceed long-term growth algorithm ex-Pizza Hut including 8% operating profit growth Reaffirmed confidence with 'meet or exceed' language for every component |
| Q1'26 | Pending | Complete Pizza Hut strategic review in 2026 Softened timeline from 'this year' in Q4 to just '2026' in Q1 |
| Q1'26 | Pending | Deploy smart ops in KFC UK and digital ordering in KFC Australia in 2026 Specifically mentioned UK and Australia deployments representing 2,000 incremental locations |
| Q4'25 | Delivered | Pizza Hut strategic review process proceeding as planned Process ongoing, timeline maintained |
| Q4'25 | Delivered | Taco Bell acquisition to complete in Q4 128-unit acquisition completed for $668 million |
| Q4'25 | Delivered | Q4 ex-special G&A to grow mid-single-digit percentage 5% growth rate delivered as guided |
| Q4'25 | Delivered | Full year 2025 performance may land slightly below algorithm due to Pizza Hut Confirmed algorithm miss but isolated to Pizza Hut division |
| Q4'25 | Delivered | Taco Bell to deliver strong international development 155 gross international units, up almost 40% from prior year |
| Q4'25 | Delivered | KFC to achieve record gross unit openings on full year basis Nearly 3,000 units opened, confirmed record |
| Q3'25 | Delivered | Meet or exceed total gross builds from last year for all brands Q3 record gross openings of 1,131 put company ahead of prior year pace |
| Q3'25 | Pending | Core operating profit growth of 8% excluding 53rd week Q3 delivered 7% growth, need Q4 double-digit growth to achieve full year target |
| Q3'25 | Exceeded | G&A ex special to grow mid-single digits for full year Now expect high end of mid-single digit increase, but Q3 actually showed sequential decline |
| Q3'25 | Pending | Taco Bell International commitment of 100 net new units this year Management reiterated 'on track' to meet commitment with Q3 acceleration |
| Q3'25 | Delivered | KFC to achieve record gross unit openings on full year basis Q3 gross openings of 760 put KFC on track for record year as promised |
| Q3'25 | Pending | Taco Bell U.S. restaurant level margins to land at 24-25% for full year Q3 showed 23.9% margins, need Q4 acceleration to hit guidance despite ongoing beef inflation headwinds |
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