secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001041061-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106124000003/0001041061-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106124000003/yum-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001041061-24-000003

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