---
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"
generated_at: "2026-06-06T06:21:11.041529+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Yum! Brands Q4 ex-special EPS $1.26 (-5% YoY); FY23 EPS $5.17 (+14%); record 4,754 unit openings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-24-000003
- JSON: https://secwatch.observer/filing/0001041061-24-000003.json
- Plain text: https://secwatch.observer/filing/0001041061-24-000003.txt

## Key facts
- Earnings Releases
  YUM BRANDS INC reported financial results for the fourth quarter and year ended December 31, 2023.
  - Period: the fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: On February 7, 2024, Yum! Brands, Inc. issued a press release announcing financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041061/000104106124000003/0001041061-24-000003-index.htm

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