---
schema_version: "secwatch.filing_event.v1"
accession: "0001041061-26-000149"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2026-07-30T11:01:16+00:00"
generated_at: "2026-07-30T11:06:24.362949+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001041061-26-000149
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2026-07-30T11:01:16+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000104106126000149/0001041061-26-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000104106126000149/yum-20260730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041061-26-000149
- JSON: https://secwatch.observer/filing/0001041061-26-000149.json
- Plain text: https://secwatch.observer/filing/0001041061-26-000149.txt

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