---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-22-000029"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T04:47:40.342834+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Yum! Brands Q2 GAAP EPS $0.77 (-40% YoY); Russia exit removes 1,165 units

## Summary
- GAAP EPS $0.77 (-40% YoY); adjusted EPS $1.05 (-9% YoY).
- Worldwide system sales ex-FX +3%; same-store sales +1%; net-new units +463 (excl. Russia).
- Taco Bell U.S. same-store sales +8%; KFC same-store sales -1%, Pizza Hut -3%.
- Completed transfer of Pizza Hut Russia; advanced stages of KFC Russia exit; removed 1,165 Russia units.
- Issued $1.0B 5.375% notes due 2032; used to repay $600M 7.75% notes.

## SEC filing metadata
- accession: 0001041061-22-000029
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106122000029/0001041061-22-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106122000029/yum-20220803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-22-000029
- JSON: https://secwatch.observer/filing/0001041061-22-000029.json
- Plain text: https://secwatch.observer/filing/0001041061-22-000029.txt

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