secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001041061-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yum! Brands Q4 system sales up 9%; full-year record 4,180 net-new units; digital sales $22B
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- Q4 GAAP EPS $1.11 (+3%); adjusted EPS $1.02 (-12%). Full-year GAAP EPS $5.21 (+77%); adjusted EPS $4.46 (+23%).
- Q4 system sales growth: KFC +10%, Taco Bell +11%, Pizza Hut +4%. Full-year: +13% overall.
- Record 1,678 gross units added in Q4; full-year 4,180 gross units (industry record) driving 6% unit growth.
- Full-year digital sales reached a record $22B; Q4 digital sales over $6B.
- Repurchased 5.6M shares for $720M in Q4; full-year 13M shares for $1.6B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000005/0001041061-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000005/yum-20220209.htm
  HTML page:      https://secwatch.observer/filing/0001041061-22-000005

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