secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001041061-22-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000029/0001041061-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000029/yum-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001041061-22-000029

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