---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-25-000002"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2025-01-08T23:59:59+00:00"
generated_at: "2026-05-28T06:12:05.904571+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Yum! terminates Turkey franchise agreements; 537 restaurants closing; expects ~$60M charge

## Summary
- Terminated franchise agreements with IS Gida A.S. in Turkey; 283 KFC and 254 Pizza Hut restaurants expected to close.
- Re-acquired master franchise rights in Germany for KFC and Pizza Hut in December 2024.
- Anticipates pre-tax special charge of ~$60M in Q4 2024 (Germany acquisition + Turkey termination costs).
- Loss of royalties from Turkey closures will have no material impact on core operating profit in 2025+.
- Unit count reduction reflected at end of Q1 2025; company reaffirms global unit growth trajectory.

## SEC filing metadata
- accession: 0001041061-25-000002
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2025-01-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106125000002/0001041061-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106125000002/yum-20250108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-25-000002
- JSON: https://secwatch.observer/filing/0001041061-25-000002.json
- Plain text: https://secwatch.observer/filing/0001041061-25-000002.txt

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