Filings monitor · YUM

What YUM BRANDS INC's SEC filings said

10-Q for 2026Q3, filed 6 Nov 2026. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Capital Return Program83 · importance in its document · 10-Q · 2026Q3
   YUM received approximately $2.4 billion in net proceeds from the Pizza Hut sales during the third quarter of 2026. It used $675 million of those proceeds to repay Revolving Facility drawings, with the majority of the remainder intended…
2. Operating Profit and Margins77 · importance in its document · 10-Q · 2026Q3
   Excluding Pizza Hut, core operating profit grew 1% in the third quarter and 6% year to date, while reported worldwide operating profit increased 248% and 97%, respectively, primarily reflecting the $1.683 billion Pizza Hut divestiture…
3. Pizza Hut Divestitures71 · importance in its document · 10-Q · 2026Q3
   YUM completed the sale of Pizza Hut mainland China to Yum China on August 7, 2026, for $1.2 billion and sold Pizza Hut Ex-China to LongRange Capital on September 1, 2026, for $1.2 billion of net proceeds. The two transactions generated…
4. Liquidity and Debt Position56 · importance in its document · 10-Q · 2026Q3
   As of September 30, 2026, YUM had $11.5 billion of total debt outstanding, excluding the Revolving Facility balance, finance leases, and debt issuance costs and discounts; approximately 97% was fixed-rate, at an effective overall interest…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 6 Nov 2026

Full report · Filing on EDGAR

• Capital Return ProgramImportance 83
  YUM received approximately $2.4 billion in net proceeds from the Pizza Hut sales during the third quarter of 2026. It used $675 million of those proceeds to repay Revolving Facility drawings, with the majority of the…
• Operating Profit and MarginsImportance 77
  Excluding Pizza Hut, core operating profit grew 1% in the third quarter and 6% year to date, while reported worldwide operating profit increased 248% and 97%, respectively, primarily reflecting the $1.683 billion Pizza…
• Pizza Hut DivestituresImportance 71
  YUM completed the sale of Pizza Hut mainland China to Yum China on August 7, 2026, for $1.2 billion and sold Pizza Hut Ex-China to LongRange Capital on September 1, 2026, for $1.2 billion of net proceeds. The two…
• Liquidity and Debt PositionImportance 56
  As of September 30, 2026, YUM had $11.5 billion of total debt outstanding, excluding the Revolving Facility balance, finance leases, and debt issuance costs and discounts; approximately 97% was fixed-rate, at an…
• IRS Tax DisputeImportance 56
  Following an IRS audit of fiscal years 2013 to 2015, the IRS asserts approximately $2.1 billion of underpaid tax and $418 million in penalties for fiscal year 2014, plus approximately $2.4 billion of interest accrued…
• Guidance and OutlookImportance 56
  YUM reported annual operating cash flows exceeding $2.0 billion in 2025 and expects continued strong operating cash flows in 2026. Management intends to use cash flows to invest in growth and pay dividends, returning…
• Interest Rate and Refinancing ExposureImportance 50
  As of September 30, 2026, approximately 97% of YUM Brands’ $11.5 billion of total debt outstanding, including the impact of interest rate swaps, was fixed at an effective overall interest rate of approximately 4.5%.…
• Food Safety Sales ImpactImportance 45
  An industry-wide food safety issue negatively affected Taco Bell U.S. sales in the third quarter of 2026, when U.S. same-store sales declined 4% and company restaurant margins were 20.5%. Taco Bell U.S. same-store…
• Geographic Revenue ConcentrationImportance 42
  The United States generated $3,385 million of year-to-date revenue through September 30, 2026, up from $3,085 million in the comparable 2025 period, an increase of 9.7%. The filing identifies the United States and…
• FX / Currency ImpactImportance 32
  Foreign currency translation negatively affected System sales by $190 million in the third quarter and $1.0 billion year to date ended September 30, 2026. The year-to-date impact was concentrated in KFC Division, where…
• Revenue Performance and MixImportance 31 · +1 more on this subject
  Worldwide system sales excluding foreign currency translation increased 3% to $14.318 billion in the third quarter and 6% to $41.817 billion year to date, excluding Pizza Hut. KFC system sales excluding FX rose 6% in…
• Operating Expense TrendsImportance 10
  KFC’s quarterly general and administrative expense declined excluding FX, mainly because of lower professional fees; year-to-date expense also benefited from lower incentive compensation and professional fees, partly…

8-K filings last 12 months

• Results, no stated guidance change3 Nov 2026 · 8-K Item 2.02 · Routine · rule score 10
  Read from the attached exhibit: Acquisition / Partnership / Divestiture · Capital Return Program · Income Tax Rate Changes
• Management change (filing not read)1 Sept 2026 · 8-K Item 5.02 · Routine · rule score 20
  Read from the attached exhibit: Pizza Hut Divestitures
• Management change (filing not read)21 Aug 2026 · 8-K Item 5.02 · Routine · rule score 20
• Acquisition or disposal completed7 Aug 2026 · 8-K Items 1.01, 2.01 · Routine · rule score 25
  Read from the attached exhibit: Acquisition / Partnership / Divestiture
• Results (release not read)30 Jul 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)2 Jun 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)29 Apr 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)1 Apr 2026 · 8-K Item 5.02 · Routine · rule score 20
• Management change (filing not read)12 Feb 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)4 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20

Earlier reports

• 10-Q · 2026Q2filed 5 Aug 2026
  Income Tax Rate Changes · Pizza Hut Divestitures · Capital Return Program

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.