YUMYUM BRANDS INC

Retail-Eating Places

Revenue: $8.2B; 8.8% YoY
Operating margin: 31.3%; 1.6% YoY
EBITDA: $2.8B; 7.8% YoY
Market cap: $42.4B
Employees: 28,000; $293K revenue each
Net debt / EBITDA: 3.2×; $8.8B net debt
AI in 10-K: 2.4; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
129% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
67% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
8% of assets
Over 40% of assets
Shareholder dissentNo
96% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$293K · 96th pct
Bottom quartile of its SIC industry
Quiet on AINo
2.4 per 10K words · 62nd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
3.2× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$42.4B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$13M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$6.6B	$6.8B	$7.1B	$7.5B	$8.2B	8.8%
Operating income	$2.1B	$2.2B	$2.3B	$2.4B	$2.6B	7.1%
Net income	$1.6B	$1.3B	$1.6B	$1.5B	$1.6B	4.9%
Operating cash flow	$1.7B	$1.4B	$1.6B	$1.7B	$2.0B	19%
Capex	$230M	$279M	$285M	$257M	$371M	44%
Stock-based comp	$75M	$84M	$95M	$69M	$70M	1.4%
Buybacks	$1.6B	$1.2B	$50M	$441M	$552M	25%
Dividends	$592M	$649M	$678M	$752M	$789M	4.9%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $13M · 44
Net: −$13M

Pay vs performance

No pay-versus-performance disclosure yet.