secwatch.observer — SEC 8-K summary
======================================

Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001041061-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106123000003/0001041061-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106123000003/yum-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001041061-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer