secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001041061-21-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106121000051/0001041061-21-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106121000051/yum-20211028.htm
  HTML page:      https://secwatch.observer/filing/0001041061-21-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer