secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001041061-22-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000036/0001041061-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106122000036/yum-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001041061-22-000036

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