---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-23-000003"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:23:00.447322+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Yum! Q4 adj EPS $1.31 (+29% YoY), record 4,560 new units in 2022, boosts dividend to $0.605

## Summary
- Q4 GAAP EPS $1.29 (+17% YoY); adjusted EPS $1.31 (+29% YoY). Full-year adj EPS $4.51 (+1% YoY).
- Record 4,560 gross new unit openings in 2022; Q4 system sales growth ex-FX of 10% (excluding Russia).
- Board declares quarterly dividend of $0.605 (increase from prior), payable March 10 to holders of record Feb 22.
- Agreed to sell Russian KFC operations to franchisee Smart Service Ltd., subject to regulatory approvals; exit expected to complete soon.
- January ransomware attack disrupted <300 restaurants for one day; remediation costs not material.

## SEC filing metadata
- accession: 0001041061-23-000003
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000003/0001041061-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000003/yum-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-23-000003
- JSON: https://secwatch.observer/filing/0001041061-23-000003.json
- Plain text: https://secwatch.observer/filing/0001041061-23-000003.txt

## Key facts
- Earnings Releases
  YUM BRANDS INC reported fourth-quarter and year ended December 31, 2022 results: EPS Fourth-quarter GAAP EPS was $1.29.
  - Period: fourth-quarter and year ended December 31, 2022
  - EPS: Fourth-quarter GAAP EPS was $1.29
  - Result: reported results
  source text: Yum! Brands, Inc. (NYSE: YUM) today reported results for the fourth-quarter and year ended December 31, 2022. Fourth-quarter GAAP EPS was $1.29, an increase of 17%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000003/0001041061-23-000003-index.htm

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