---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-23-000037"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:05:52.622233+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Yum! Brands Q2 GAAP EPS $1.46, system sales +13%, same-store sales +9%

## Summary
- GAAP EPS $1.46 vs $0.77; adj. EPS $1.41 vs $1.06; core operating profit +12%.
- Worldwide system sales +13% ex-FX; same-store sales +9%; unit growth +6%; KFC +19%.
- Record digital sales $7B (mix >45%); 1,025 gross new units opened in quarter.
- Net leverage 4.7x; revolver paid down $164M; CEO sees full-year above long-term algo.
- Russia exit completed in April 2023 with sale of KFC business to Smart Service Ltd.

## SEC filing metadata
- accession: 0001041061-23-000037
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000037/0001041061-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000037/yum-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-23-000037
- JSON: https://secwatch.observer/filing/0001041061-23-000037.json
- Plain text: https://secwatch.observer/filing/0001041061-23-000037.txt

## Key facts
- Earnings Releases
  YUM BRANDS INC reported second-quarter ended June 30, 2023 results: EPS Second-quarter GAAP EPS was $1.46.
  - Period: second-quarter ended June 30, 2023
  - EPS: Second-quarter GAAP EPS was $1.46
  - Result: reported results
  source text: Second-quarter GAAP EPS was $1.46 and second-quarter EPS excluding Special Items was $1.41.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041061/000104106123000037/0001041061-23-000037-index.htm

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