{"schema_version":"secwatch.filing_event.v1","accession":"0001041061-24-000003","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.196419+00:00","generated_at":"2026-06-06T06:21:11.041529+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Yum! Brands Q4 ex-special EPS $1.26 (-5% YoY); FY23 EPS $5.17 (+14%); record 4,754 unit openings","bullets":["Q4 ex-special EPS $1.26 (-5% YoY) due to $0.23 tax headwind; GAAP EPS $1.62 (+26%).","Full-year system sales +10% ex-FX; record 4,754 gross unit openings (+6% unit growth).","KFC FY system sales +12% ex-FX, Taco Bell +9%, Pizza Hut +5%; Pizza Hut Q4 SSS -2%.","Dividend raised 11% to $0.67/quarter; acquisition of 218 KFC UK/Ireland restaurants expected Q2 2024.","Company paid off $325M debt; net leverage 4.2x; digital sales +22% to >45% mix."],"urls":{"canonical":"https://secwatch.observer/filing/0001041061-24-000003","json":"https://secwatch.observer/filing/0001041061-24-000003.json","markdown":"https://secwatch.observer/filing/0001041061-24-000003.md","text":"https://secwatch.observer/filing/0001041061-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000104106124000003/0001041061-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000104106124000003/yum-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:21:11.041529+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ac7ecac22d0ff17fa9427f65a6193889833ad1a","claim":"YUM BRANDS INC reported financial results for the fourth quarter and year ended December 31, 2023.","evidence_excerpt":"On February 7, 2024, Yum! Brands, Inc. issued a press release announcing financial results for the quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041061/000104106124000003/0001041061-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}