---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-21-000051"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T16:30:55.761249+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Yum! Brands Q3 GAAP EPS $1.75 (+90% YoY); system sales +8%, record 760 net-new units

## Summary
- GAAP EPS $1.75 (+90% YoY); adjusted EPS $1.22 (+21%).
- Worldwide system sales ex-FX +8% on 5% same-store sales; record 760 net-new units.
- KFC +11%, Pizza Hut +4%, Taco Bell +8% system sales ex-FX.
- Taco Bell subsidiary issued $2.25B securitization notes to refinance debt.
- Recorded $52M pre-tax gain from Devyani International IPO ($0.16 EPS benefit).

## SEC filing metadata
- accession: 0001041061-21-000051
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106121000051/0001041061-21-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106121000051/yum-20211028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-21-000051
- JSON: https://secwatch.observer/filing/0001041061-21-000051.json
- Plain text: https://secwatch.observer/filing/0001041061-21-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.