Highest-materiality recent filing
Yum! Brands sells global Pizza Hut business for $2.688B in cash; adds $4B buyback
Sale of global Pizza Hut (ex-China) to Toppings TopCo for $1.488B cash + up to $75M earn-out.
Yum! Brands sells Pizza Hut for $2.7B; LongRange and Yum China acquire; $4B buyback authorized
Pizza Hut Ex-China sold to LongRange Capital for ~$1.5B; Pizza Hut China sold to Yum China for ~$1.2B.
YUM! Brands COO/CPO Tracy Skeans to transition Nov 1, 2026, retire March 1, 2028
Tracy Skeans will step down as COO and Chief People & Culture Officer effective Nov 1, 2026.
All 11 director nominees elected, including Paget Alves, Brian Cornell, and Chris Turner, with votes ranging from 208.9M to 221.5M for.
Yum! Brands Q1 adj. EPS $1.50 (+15% YoY); Taco Bell SSS +8%
GAAP EPS $1.55; adjusted EPS $1.50, +15% YoY from $1.30.
Yum! Brands appoints Kathleen K. Oberg to board effective April 1, 2026
Kathleen K. Oberg appointed as director effective April 1, 2026; will stand for election at next annual meeting.
Director Keith Barr resigns from Yum! Brands Board
Keith Barr resigned from the Board effective February 10, 2026.
Yum! Brands Q4 GAAP EPS $1.91, adj. EPS $1.73; Taco Bell same-store sales +7%; dividend raised 6%
Full-year 2025 adjusted EPS $6.05, up 10% YoY; GAAP EPS $5.55.
Yum! Brands amends bylaws on special meetings, director nominations, and board procedures
Shareholders requesting a special meeting must first ask Board to fix a record date.
Q3 GAAP EPS $1.41, adj. EPS $1.58 (+15% YoY); worldwide system sales +5% ex F/X led by Taco Bell +9%.
Taco Bell Funding closes $1.5B securitized note issuance; refinances $938M in existing notes
Issued $1.0B of 4.821% Series 2025-1 Class A-2-I notes and $500M of 5.049% Class A-2-II notes.
YUM! Brands prices $1.5B securitized notes via Taco Bell Funding subsidiary
$1,000M of 4.821% fixed-rate senior secured notes (Class A-2-I) and $500M of 5.049% notes (Class A-2-II).
Yum! Brands announces CFO appointment, new roles for Tresvant and Dausch
Ranjith Roy named Yum! CFO eff. Oct 1, 2025: $700K base, 100% target bonus, $1.5M LTI.
Yum! Brands to refinance $938M Series 2016-1 notes with $1.0B new securitization notes
Series 2016-1 Class A-2-III Notes had approx $938M balance as of June 30, 2025.
Yum! Brands appoints incoming CEO Chris Turner to Board, amends bylaws
David Gibbs resigns as director effective Oct 1, 2025; no disagreement with Company.
Yum! Q2 EPS ex-items $1.44 (+7% YoY); digital mix record 57%; CEO succession to Chris Turner Oct 1
GAAP EPS $1.33, ex-special items $1.44; worldwide system sales +4% ex-FX, led by Taco Bell +6%.
Yum! Brands names Chris Turner as CEO effective Oct 1, 2025; David Gibbs becomes adviser
Chris Turner, current CFO and Chief Franchise Officer, elected CEO, succeeding David Gibbs.
YUM! Brands shareholders approve 2025 LTIP, re-elect all directors at annual meeting
All 12 director nominees elected; Brian C. Cornell received ~83.3% for, others above 93%.
Yum! Brands Q1 GAAP EPS $0.90, adjusted EPS $1.30 (+13% YoY); Taco Bell US same-store sales +9%
GAAP EPS $0.90; adjusted EPS $1.30 (up 13% YoY). Core operating profit grew 8%.
David Gibbs to retire as Yum! Brands CEO in Q1 2026; board starts succession search
Gibbs informed board on March 26, 2025 of retirement plan; will continue as CEO until Q1 2026.
Yum! Brands partners with NVIDIA to accelerate AI in restaurants globally
Yum! (KFC, Taco Bell, Pizza Hut, Habit Burger) and NVIDIA collaborate to deploy AI across 61,000+ locations.
2024 operating profit reached $1B for first time; restaurant margins >24% in company-owned stores.
Yum! Q4 adjusted EPS $1.61; Taco Bell same-store sales +5%; dividend raised 6%
Q4 GAAP EPS $1.49, adjusted EPS $1.61; full-year adjusted EPS $5.48 (+6% YoY).
KFC CEO Sabir Sami to resign March 1; Scott Mezvinsky named successor
Sabir Sami will step down as CEO of KFC division effective March 1, 2025, and provide advisory services through March 1, 2026.
Yum! terminates Turkey franchise agreements; 537 restaurants closing; expects ~$60M charge
Terminated franchise agreements with IS Gida A.S. in Turkey; 283 KFC and 254 Pizza Hut restaurants expected to close.
Yum! Brands Q3 GAAP EPS $1.35, adjusted EPS $1.37; Taco Bell US SSS +4%
Worldwide system sales +1% ex-FX; core operating profit +3%; GAAP operating profit +1%.
Yum! Brands Q2 core operating profit +10%, Taco Bell US same-store sales +5%
GAAP EPS $1.28, EPS excluding Special Items $1.35; GAAP operating profit +6%, core operating profit +10%.
YUM! shareholders re-elect all 12 directors; say-on-pay passes; KPMG ratified
All 12 director nominees re-elected; vote totals ranged from 207.5M (Doniz) to 221.8M (Biggs) votes for.
Yum! Brands Q1: core op profit +6%; digital sales mix >50%; 808 new units
GAAP EPS $1.10; adjusted EPS $1.15; GAAP operating profit -1%, core operating profit +6%.
New $500M Term A Loan and $1.5B revolving credit facility mature April 26, 2029.
Yum! Brands Q4 ex-special EPS $1.26 (-5% YoY); FY23 EPS $5.17 (+14%); record 4,754 unit openings
Q4 ex-special EPS $1.26 (-5% YoY) due to $0.23 tax headwind; GAAP EPS $1.62 (+26%).
Yum! Brands Q3: 10% system sales growth, GAAP EPS $1.46, core operating profit up 16%
GAAP EPS $1.46 ($1.44 ex special items); 10% worldwide system sales growth (6% same-store, 6% unit growth).
Yum! Brands appoints Biggs and Doniz to Audit Committee
Brett Biggs and Susan Doniz appointed to Audit Committee on August 17, 2023.
Yum! Brands Q2 GAAP EPS $1.46, system sales +13%, same-store sales +9%
GAAP EPS $1.46 vs $0.77; adj. EPS $1.41 vs $1.06; core operating profit +12%.
Yum! Brands appoints Brett Biggs and Susan Doniz as directors effective August 10, 2023
Brett Biggs and Susan Doniz appointed to Board, effective August 10, 2023.
Taco Bell CEO Mark King to retire Dec 31, 2023; Sean Tresvant named successor
Mark King informed Yum! Brands he will retire as CEO of Taco Bell effective December 31, 2023.
All 10 director nominees elected with majorities; each received over 208 million votes for.
Yum! Brands Q1: system sales +13% ex-Russia, 8% same-store; adj. EPS $1.06 flat YoY
Worldwide system sales grew 13% excluding Russia impact; same-store sales +8%, unit growth +5%.
Yum! Q4 adj EPS $1.31 (+29% YoY), record 4,560 new units in 2022, boosts dividend to $0.605
Q4 GAAP EPS $1.29 (+17% YoY); adjusted EPS $1.31 (+29% YoY). Full-year adj EPS $4.51 (+1% YoY).
Yum! Brands discloses ransomware attack; 300 UK stores closed 1 day, data taken but no customer data
Ransomware attack on Jan 18, 2023; containment measures, investigation, and law enforcement notified.
Director Elane B. Stock resigns from Yum! Brands board
Elane B. Stock resigned as director effective December 22, 2022.
Yum! Brands Q3 system sales +7% ex-FX; GAAP EPS $1.14, down 35% YoY
Worldwide system sales ex-FX grew 7% with 5% same-store sales and 979 gross unit openings.
Yum! Brands Q2 GAAP EPS $0.77 (-40% YoY); Russia exit removes 1,165 units
GAAP EPS $0.77 (-40% YoY); adjusted EPS $1.05 (-9% YoY).
Yum! Brands annual meeting results: all directors elected, auditor ratified, say-on-pay approved
All 12 director nominees elected with votes for ranging from 200.8M to 214.3M; broker non-votes ~27.9M.
Yum! Brands Q1 GAAP EPS $1.36, system sales +8%; record 997 gross unit openings
GAAP EPS $1.36, +27% YoY; adjusted EPS $1.05, -1% YoY.
YUM! Brands issues $1B of 5.375% senior notes due 2032
Issued $1,000 million aggregate principal amount of 5.375% Senior Notes due April 1, 2032.
Yum! Brands Q4 system sales up 9%; full-year record 4,180 net-new units; digital sales $22B
Q4 GAAP EPS $1.11 (+3%); adjusted EPS $1.02 (-12%). Full-year GAAP EPS $5.21 (+77%); adjusted EPS $4.46 (+23%).
Yum! Brands amends bylaws to adopt gender-neutral language, replacing 'Chairman' with 'Chair'
Amended and restated bylaws effective November 12, 2021; no other substantive changes.
Yum! Brands Q3 GAAP EPS $1.75 (+90% YoY); system sales +8%, record 760 net-new units
GAAP EPS $1.75 (+90% YoY); adjusted EPS $1.22 (+21%).
KFC CEO Tony Lowings to resign Dec 31; Sabir Sami named successor effective Jan 1, 2022
Tony Lowings, CEO of KFC Division, to resign effective Dec 31, 2021.
On June 2, 2026, YUM! Brands, Inc. (the “Company”) announced that Tracy Skeans will transition from her roles as Chief Operating Officer and Chief People & Culture Officer effective on November 1, 2026 (the “Transition Date”).
elected Christopher Turner, currently Chief Financial and Franchise Officer of the Company, as Chief Executive Officer of the Company, effective October 1, 2025
David Gibbs, who, in March 2025, informed the Board of Directors of his intention to retire in the next year after 37 years with the Company and a successful tenure as CEO.
On March 26, 2025, David Gibbs, the Company’s Chief Executive Officer, informed the Board of Directors of his intention to retire in 2026.
Scott Mezvinsky, currently the President of Taco Bell North America and International of the Taco Bell Division of the Company will become Chief Executive Officer of KFC on March 1, 2025.
Mr. Sabir Sami, Chief Executive Officer of the KFC Division (“KFC”) of Yum! Brands, Inc. (the “Company”), informed the Company that he plans to resign as Chief Executive Officer of KFC on March 1, 2025.
On July 18, 2023, the Board of Directors of Yum! Brands, Inc. (the “Company”) appointed Brett Biggs and Susan Doniz as directors.
On July 18, 2023, the Board of Directors of Yum! Brands, Inc. (the “Company”) appointed Brett Biggs and Susan Doniz as directors.
Sean Tresvant, currently the Taco Bell Global Chief Brand and Strategy Officer, will become Chief Executive Officer of Taco Bell on January 1, 2024.
On June 27, 2023, Mr. Mark King, Chief Executive Officer of the Taco Bell Division (“Taco Bell”) of Yum! Brands, Inc. (the “Company”), informed the Company that he plans to retire as Chief Executive Officer of Taco Bell on December 31, 2023.
On December 22, 2022, Elane B. Stock submitted her resignation as a director of Yum! Brands, Inc. (the "Company"), which resignation was effective on that date.
Sabir Sami, currently KFC Division Chief Operating Officer and Managing Director of KFC Asia, will become Chief Executive Officer of the KFC Division on January 1, 2022.
Max materiality 0.90 · Median 0.68 · Most common event earnings