---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-23-000014"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:59:09.013831+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Yum! Brands Q1: system sales +13% ex-Russia, 8% same-store; adj. EPS $1.06 flat YoY

## Summary
- Worldwide system sales grew 13% excluding Russia impact; same-store sales +8%, unit growth +5%.
- GAAP EPS $1.05 vs $1.36 prior year; adjusted EPS $1.06 (flat YoY) excluding special items.
- Core operating profit rose 11% including 1 ppt Russia headwind; KFC +12%, Taco Bell +11%, Pizza Hut +7%.
- Record digital system sales of nearly $7 billion, digital mix exceeding 45%.
- Completed exit from Russia on April 17, selling KFC business to Smart Service Ltd.

## SEC filing metadata
- accession: 0001041061-23-000014
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000014/0001041061-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000014/yum-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-23-000014
- JSON: https://secwatch.observer/filing/0001041061-23-000014.json
- Plain text: https://secwatch.observer/filing/0001041061-23-000014.txt

## Key facts
- Earnings Releases
  YUM BRANDS INC reported first-quarter ending March 31, 2023 results: EPS GAAP EPS was $1.05 and first-quarter EPS excluding Special Items was $1.06.
  - Period: first-quarter ending March 31, 2023
  - EPS: GAAP EPS was $1.05 and first-quarter EPS excluding Special Items was $1.06
  - Result: reported results
  source text: Yum! Brands, Inc. (NYSE: YUM) today reported results for the first-quarter ending March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000014/0001041061-23-000014-index.htm

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