---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-22-000036"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T11:39:19.772864+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Yum! Brands Q3 system sales +7% ex-FX; GAAP EPS $1.14, down 35% YoY

## Summary
- Worldwide system sales ex-FX grew 7% with 5% same-store sales and 979 gross unit openings.
- GAAP EPS $1.14 vs $1.75; EPS ex-special items $1.09 vs $1.22, down 11%.
- KFC system sales ex-FX +8%, Taco Bell +9%, Pizza Hut +4%; digital sales ~$6B.
- Agreement to sell Russian KFC operations to Smart Service Ltd., subject to regulatory approvals.
- Core operating profit grew 8% including 3-point Russia headwind; FX hurt operating profit by $39M.

## SEC filing metadata
- accession: 0001041061-22-000036
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1041061/000104106122000036/0001041061-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106122000036/yum-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-22-000036
- JSON: https://secwatch.observer/filing/0001041061-22-000036.json
- Plain text: https://secwatch.observer/filing/0001041061-22-000036.txt

## Key facts
- Earnings Releases
  YUM BRANDS INC reported third quarter ended September 30, 2022 results: EPS $1.14.
  - Period: third quarter ended September 30, 2022
  - EPS: $1.14
  - Result: reported results
  source text: Third quarter GAAP EPS was $1.14 and third quarter EPS excluding Special Items was $1.09. Our year-over-year EPS excluding Special Items results reflect a $0.23 negative impact from a higher current year tax rate, lower investment gains and the removal of Russia-based profits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041061/000104106122000036/0001041061-22-000036-index.htm

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