YUM · 8-K · 20261103PR000195

Acquisition / Partnership / Divestiture

YUM BRANDS INC · 2026-11-03 · Importance 71 · Surprise 60

Yum! completed the sale of Pizza Hut in mainland China to Yum China Holdings, Inc. on August 7, 2026, for $1.2 billion in proceeds. On September 1, 2026, it sold Pizza Hut excluding mainland China to LongRange Capital for $1.2 billion of net proceeds. The two transactions generated a $1.683 billion pre-tax gain, recorded in third-quarter and year-to-date operating profit. Yum! reported $2.380 billion of year-to-date proceeds from the Pizza Hut divestitures in investing cash flows.