secwatch.observer — SEC 8-K summary
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Issuer:     YUM BRANDS INC (YUM)
CIK:        0001041061
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001041061-24-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yum! Brands Q1: core op profit +6%; digital sales mix >50%; 808 new units
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- GAAP EPS $1.10; adjusted EPS $1.15; GAAP operating profit -1%, core operating profit +6%.
- Worldwide system sales +2% ex-FX with 6% unit growth; same-store sales -3%.
- KFC system sales +4%, Taco Bell +4%, Pizza Hut -4%; KFC unit growth +8% with 509 new restaurants.
- Acquired 218 KFC franchise restaurants in UK/Ireland on April 29; sold Devyani interest for $104M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041061/000104106124000014/0001041061-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041061/000104106124000014/yum-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001041061-24-000014

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