Yum! Brands Q2 adj EPS $1.62 (+12% YoY); agrees to sell Pizza Hut to LongRange Capital and Yum China

YUM BRANDS INC

GAAP EPS $3.08; adjusted EPS $1.62 vs $1.44 prior year (+12%).
Worldwide system sales +5% ex-FX; Taco Bell same-store sales +7%, KFC +2%, Pizza Hut -1%.
Definitive agreements to sell Pizza Hut: ex-China to LongRange Capital, Mainland China to Yum China.
Unit count +5% with 1,053 gross new units; digital mix ex-Pizza Hut >60%.
KFC launched brand refresh; long-term growth algorithm reaffirmed (5% unit growth, 7% system sales, ≥8% core OP growth).

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