secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001041061-23-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106123000014/0001041061-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106123000014/yum-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001041061-23-000014

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