secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001041061-23-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106123000037/0001041061-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106123000037/yum-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001041061-23-000037

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