secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001041061-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000012/0001041061-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000012/yum-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001041061-22-000012

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