---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-22-000012"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:20:19.626993+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Yum! Brands Q1 GAAP EPS $1.36, system sales +8%; record 997 gross unit openings

## Summary
- GAAP EPS $1.36, +27% YoY; adjusted EPS $1.05, -1% YoY.
- Worldwide system sales +8% ex-FX (KFC +9%, Taco Bell +8%, Pizza Hut +3%); same-store sales +3%.
- Opened 997 gross units (628 net new) led by KFC (587) and Pizza Hut (334).
- Digital sales ~$6B (+15% YoY), digital mix >40%. Repurchased 3.4M shares for ~$407M.
- Post-Q1: issued $1.0B 5.375% notes due 2032 to repay $600M 7.75% notes due 2025.

## SEC filing metadata
- accession: 0001041061-22-000012
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106122000012/0001041061-22-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106122000012/yum-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-22-000012
- JSON: https://secwatch.observer/filing/0001041061-22-000012.json
- Plain text: https://secwatch.observer/filing/0001041061-22-000012.txt

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