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    SEC Form 11-K filed by Yum! Brands Inc.

    6/27/25 4:38:45 PM ET
    $YUM
    Restaurants
    Consumer Discretionary
    Get the next $YUM alert in real time by email
    11-K 1 form11k2025.htm 11-K Document

    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C.  20549

    FORM 11-K

    [ X ]ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
    FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024


    OR

    [  ]           TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES
    EXCHANGE ACT OF 1934
    FOR THE TRANSITION PERIOD FROM __________ to __________


    COMMISSION FILE NUMBER:  1-13163

    A.FULL TITLE OF THE PLAN AND THE ADDRESS OF THE PLAN, IF DIFFERENT FROM THAT OF THE ISSUER
     NAMED BELOW:

    YUM! BRANDS 401(K) PLAN

    B.NAME OF ISSUER OF THE SECURITIES HELD PURSUANT TO THE PLAN AND THE
     ADDRESS OF ITS PRINCIPAL EXECUTIVE OFFICE:

    YUM! BRANDS, INC.
    1441 GARDINER LANE
    LOUISVILLE, KENTUCKY  40213

























    YUM! BRANDS 401(k) PLAN
     
    Financial Statements and Supplemental Schedule
     
    December 31, 2024 and 2023
     
    (With Report of Independent Registered Public Accounting Firm Thereon)




    YUM! BRANDS 401(k) PLAN
     
     
    Table of Contents
     

     
     Page
    Financial Statements  
    Report of Independent Registered Public Accounting Firm1
    Statements of Net Assets Available for Benefits as of December 31, 2024 and 2023
    2
      
    Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2024
    3
      
    Notes to Financial Statements for the years ended December 31, 2024 and 2023
    4
      
    Supplemental Schedule 
      
    Schedule H, Line 4i – Schedule of Assets (Held at End of Year) – December 31, 2024
    11






    Report of Independent Registered Public Accounting Firm


    To the Plan Participants and Plan Administrator
    YUM! Brands 401(k) Plan:

    Opinion on the Financial Statements

    We have audited the accompanying statements of net assets available for benefits of YUM! Brands 401(k) Plan (the Plan) as of December 31, 2024 and 2023, the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

    Basis for Opinion

    These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

    We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

    Accompanying Supplemental Information

    The Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2024 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
    /s/ KPMG LLP

    We have served as the Plan’s auditor since 1998.

    Chicago, Illinois
    June 27, 2025



    YUM! BRANDS 401(k) PLAN
    Statements of Net Assets Available for Benefits
    December 31, 2024 and 2023
    (In thousands)
     20242023
    Assets: 
    Investments at fair value: 
    YUM! Stock Fund$150,077 $163,221 
    Common/commingled trusts816,199 726,527 
    Self-directed brokerage17,106 14,672 
    Total investments, at fair value983,382 904,420 
    Receivables: 
    Loans to participants6,268 5,473 
    Participant contributions3 502 
    Employer contributions3 391 
    Interest and other108 273 
    Total receivables6,382 6,639 
    Total assets989,764 911,059 
    Liabilities: 
    Accrued fees and other liabilities(108)(107)
    Total liabilities(108)(107)
    Net assets available for benefits$989,656 $910,952 
    See accompanying notes to financial statements. 

    2


    YUM! BRANDS 401(k) PLAN 
    Statement of Changes in Net Assets Available for Benefits
    For the year ended December 31, 2024
    (In thousands)
     2024
    Additions to net assets attributed to:
    Net appreciation of investments
    $98,652 
    Loan repayment interest income477 
    Dividends4,350 
    Total additions to net assets103,479 
    Less investment expenses(1,260)
    Net investment income
    102,219 
    Contributions:
    Participant40,849 
    Employer23,309 
    Total contributions64,158 
    Deductions from net assets attributed to:
    Benefits paid to participants(87,673)
    Net increase in net assets
    78,704 
    Net assets available for benefits:
    Beginning of period910,952 
    End of period$989,656 
    See accompanying notes to financial statements.

    3

    YUM! BRANDS 401(k) PLAN
    Notes to Financial Statements
    December 31, 2024 and 2023
    (Tabular amounts in thousands)


    (1)    Plan Description

    The following description of the YUM! Brands 401(k) Plan (the "Plan") provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
     
    (a)General

    YUM! Brands, Inc. (the "Company") adopted the Plan effective October 7, 1997. Any employee within a group or class so designated by the Plan document is eligible to participate in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA").
     
    The investments of the Plan are maintained in a trust (the "Trust") by State Street Bank and Trust Company (the "Trustee") who has been appointed as Trustee by the Plan.  The Trustee is responsible for the management and control of the Plan’s assets. Voya Institutional Plan Services, LLC serves as record keeper for the Plan.

    (b)Contributions

    Each participant in the Plan may elect to contribute up to 75% of eligible pay, as defined in the Plan document. The maximum pre-tax annual contribution allowed for calendar year 2024 was $23,000.
     
    Eligible participants receive a matching contribution from the Company that is equal to 100% of such salary deferral contribution that does not exceed 6% of the participant’s eligible pay. Participants direct the investment of contributions into various investment options offered by the Plan.   The Company may also make discretionary contributions to the Plan. To the extent necessary in a year to satisfy IRS nondiscrimination tests that apply to its qualified plans, YUM! Brands will make nonelective contributions for that year to a business classification of nonhighly compensated employees who have a least one year of service and are employed on the last day of that year. YUM! Brands made nonelective contributions of approximately $306,000 in 2024 relating to IRS nondiscrimination tests for 2023. There were no other discretionary contributions made by the Company during the calendar year 2024.

    The Plan allows eligible participants to make additional tax-deferred contributions. Participants eligible to make additional tax-deferred contributions must be 50 years or older by the end of the calendar year in which they want to make the additional tax-deferred contribution. These contributions are made in the same manner as salary deferral contributions and are deposited in the participant’s salary deferral account. These contributions are not subject to the eligible earnings limitation as defined by the Plan. Thus, a participant can contribute more than their eligible earnings of pay to the extent needed to make an additional tax-deferred contribution. The 2024 annual Internal Revenue Code ("IRC") limit on these contributions was $7,500. Participants may also elect to make after-tax contributions pursuant to Code Section 402A ("Roth Contributions"). Eligible participants can make additional Roth Contributions in addition to the additional tax-deferred contributions described above. Roth Contributions shall be considered for and shall be eligible for matching contributions as described above. The contribution limits noted above include both pre-tax and Roth Contributions in total.

    (c)Investment Options

    Participants may elect to invest their account balances in any of the available investment options provided by the Plan. Participants may change their investments on any business day, subject to certain limitations outlined in the Plan. Included in the investment option is a self-directed brokerage account that allows participants to invest in a broad range of individual stocks, exchange traded funds and mutual funds.

    (d)Participant Accounts

    Each participant’s account is credited with the participant’s contribution and allocations of: a) the Company’s contribution and b) Plan earnings, and charged with an allocation of administrative expenses.  Allocations of Plan earnings and administrative expenses are based on participant earnings or account balances, as defined by the Plan.  The benefit to which a participant is entitled is the benefit that can be provided from the participant’s account.
    4

    YUM! BRANDS 401(k) PLAN
    Notes to Financial Statements
    December 31, 2024 and 2023
    (Tabular amounts in thousands)
     
    (e)Loans to Participants

    The Plan has a loan program for participants. The maximum amount a participant may borrow, when aggregated with all other outstanding loans of the participant, is the lesser of: a) 50% of the participant’s vested interest under the Plan; b) $50,000 reduced by the excess of the highest outstanding loan balance during the preceding one-year period ending on the day prior to the date the loan was made, over the outstanding balance of loans on the date the loan was made; c) 100% of the value of the participant’s investment in certain funds; or d) the maximum loan amount that can be amortized by the participant’s net pay. Participants may elect repayment periods from one year to four years at six-month intervals. For new loans, only one loan may be outstanding at any time. For loans originating prior to January 1, 2022, participants could have up to two loans outstanding. The fixed interest rate for loans is based on the prime rate as of the last day of the month before the loan request plus 1%. A one-time loan origination fee is charged to those participants who obtain a loan. Interest on loans is allocated to each of the funds based upon the participant’s investment election percentages. For each month or part thereof the loan remains outstanding, the borrowing participant may be assessed a monthly administration fee. Generally, any loans outstanding shall become immediately due and payable in full if the participant’s employment is terminated. Principal and interest is paid ratably through monthly payroll deductions.
     
    Loans are secured by the balance in the participant’s account.  Outstanding loans bear interest at rates that range from 4.25% to 9.50% with maturity dates ranging from 2025 to 2028 as of December 31, 2024.

    As a result of Plan mergers, the Plan will occasionally hold transferred participant loans through their original settlement period, and such transferred loans may have different terms than noted above.
     
    (f)Vesting

    Participants are fully vested in the entire value of their accounts upon contribution, including the Company matching contribution.

    (g)Payment of Benefits

    Distributions under the Plan are generally made upon a participant’s death, disability, retirement, hardship or termination of employment. Benefit payments are made in the form of a lump sum cash amount or in kind distribution.  An in kind distribution is limited to the Participant’s interest in the Company’s Common Stock and certain securities held in the Self-directed Brokerage Account.
     
    (h)Termination

    Although it has not expressed any intent to do so, the Company has the right under the Plan to terminate the Plan, subject to the provisions of ERISA and the IRC. 
    (2)    Summary of Accounting Policies

    (a)Basis of Accounting

    The financial statements of the Plan are prepared under the accrual method of accounting.
     
    (b)Use of Estimates

    The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes in net assets available for benefits, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
     
    5

    YUM! BRANDS 401(k) PLAN
    Notes to Financial Statements
    December 31, 2024 and 2023
    (Tabular amounts in thousands)
    (c)Investment Valuation and Income Recognition

    Investment Valuation
     
    Investments are presented at fair value.  Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company's Investment Committee determines the Plan's investment policy utilizing information provided by the investment advisers, including the appointment of investment managers, and the monitoring of the performance of the Plan's investment funds.  See Note 3 for discussion of fair value measurements.
     
    Income Recognition
     
    Income from investments and interest income are recorded as earned on an accrual basis. Dividend income is recorded on the ex-dividend date. Purchases and sales of securities are recorded on a trade-date basis. Net appreciation (depreciation) includes the Plan's gains and losses on investments bought and sold as well as held during the year.

    (d)Participant Loan Valuation

    Participant loans are recorded at amortized cost which represents unpaid principal plus accrued interest.
     
    (e)Payment of Benefits

    The Plan accounts for participant distributions when paid.
     
    (f)Administrative Costs

    Certain expenses of the Plan may be paid in whole or in part by the Company. Any expenses not paid by the Company will be paid by the Trustee with assets of the Trust.

    (3)    Fair Value Measurements

    Accounting Standards Codification ("ASC") 820 defines fair value and establishes a framework for measuring fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under ASC 820 are described below:

    Level 1 - Inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date;

    Level 2 - Inputs to the valuation methodology are observable inputs, other than those included in Level 1, based on quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in inactive markets, or financial instruments for which all significant inputs are observable; either directly or indirectly; and

    Level 3 - Inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability and the reporting entity makes estimates and assumptions related to the pricing of the asset or liability including assumptions regarding risk.

    A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

    6

    YUM! BRANDS 401(k) PLAN
    Notes to Financial Statements
    December 31, 2024 and 2023
    (Tabular amounts in thousands)
    In accordance with the fair value hierarchy described above, the following table shows the fair value of the Plan’s investments at December 31, 2024 and 2023:

     Fair Value
     Level20242023
    YUM! Stock Fund1$150,077 $163,221 
    Common/commingled trusts:
    Retirement Date Funds
    1311,728 280,895 
    Large Company Index Fund
    1211,366 169,679 
    Mid-Size Company Index Fund
    185,082 78,005 
    Stable Value Fund
    140,925 43,047 
    International Index Fund
    175,023 71,498 
    Bond Market Index Fund
    155,765 50,888 
    Small Company Index Fund
    134,032 30,528 
    Government Short Term Investment Fund
    12,278 1,987 
    816,199 726,527 
    Self-directed Brokerage Accounts117,106 14,672 
    Total $983,382 $904,420 

    YUM! Stock Fund

    YUM! Brands, Inc. common stock is valued based on the closing market price as of year-end.

    Common/Commingled Trusts

    These investments are public investment vehicles valued using the net asset value (“NAV”) provided by the administrator of the fund. The NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding. Redemptions can occur daily at NAV, which is published daily for participant transactions, and there are no restrictions or uncommitted funds on NAV investments.

    Self-directed Brokerage Accounts

    Equity Securities

    These investments are valued at the closing price reported on the active market on which the individual securities are traded.

    Exchange Traded and Mutual Funds

    These investments are valued at the NAV of shares held by the fund based on closing prices reported in an active market. The investments can be redeemed on a daily basis and there is no restriction on redemption.

    (4)Tax Status

    The Plan obtained its latest tax determination letter dated March 3, 2025, in which the Internal Revenue Service ("IRS") stated that the Plan and related trust are operating in accordance with the applicable requirements of the IRC.  Although the Plan has been amended since the amendments provided to the IRS in the determination letter process were considered, the Plan administrator believes that the Plan is designed and is operating in accordance with the applicable requirements of the IRC.

    7

    YUM! BRANDS 401(k) PLAN
    Notes to Financial Statements
    December 31, 2024 and 2023
    (Tabular amounts in thousands)
    Accounting principles generally accepted in the U.S. require plan management to evaluate tax positions taken by the Plan.  The financial statement effects of uncertain tax positions are recognized when the Plan has taken an uncertain position that more likely than not would be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2024, there are no uncertain tax positions taken or expected to be taken. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

    (5)Reconciliation of Financial Statements to Form 5500

    The following represents a reconciliation between the amounts shown on the accompanying financial statements and the amounts reported in the Plan’s Form 5500.

    Net assets available for benefits
     
    20242023
    Net assets available for benefits per the financial statements$989,656 $910,952 
    Less benefits payable at end of year(372)(43)
    Net assets available for benefits per the Plan’s Form 5500$989,284 $910,909 
     
    Participant benefits
     
    2024
    Benefit payments per the financial statements$87,673 
    Less benefits payable at beginning of year(43)
    Add benefits payable at end of year372 
    Benefit payments per the Plan’s Form 5500$88,002 
     
    Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to year-end, but not yet paid as of that date.

    (6)    Related Party Transactions and Parties in Interest Transactions

    Certain Plan investments are shares of common/commingled trusts managed by an affiliate of the Trustee. Transactions involving these investments, the YUM! Stock Fund and fees paid to the Trustee qualify as exempt party-in-interest transactions. Such fees paid by the Plan were not material to either of the years ended December 31, 2024 and 2023, respectively.

    8

    YUM! BRANDS 401(k) PLAN
    Notes to Financial Statements
    December 31, 2024 and 2023
    (Tabular amounts in thousands)


    (7)Risks and Uncertainties

    The Plan invests in various investment securities.  Investment securities are exposed to various risks and uncertainties such as interest rate, market, and credit risks, as well as economic changes, political unrest and regulatory changes.  Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits. Approximately 15% and 18% of net assets available for benefits are invested in the Company’s Common Stock at December 31, 2024 and 2023, respectively.

    (8)Subsequent Events

    The Plan has evaluated subsequent events through June 27, 2025, the date of this filing and the date these financial statements were issued and available. There were no subsequent events to disclose that would have a material impact on these financial statements.


    9























    SUPPLEMENTAL SCHEDULE


    10


    YUM! BRANDS 401(k) PLAN
    EIN: 13-3951308
    PN: 003
    Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
    December 31, 2024
    Party inIdentity of issue, borrower, DescriptionShares held orCurrent
    Interestor similar party with maturity dateof investmentrate of interestvalue
    *YUM! Brands, Inc.YUM! Stock1,118,639 shares$150,076,646 
    Common/commingled trusts: 
    Target Retirement Funds
    *State Street Global Advisors
    Target Retirement Income
    317,621 shares4,459,717 
    *State Street Global AdvisorsTarget Retirement 2020506,824 shares7,499,481 
    *State Street Global AdvisorsTarget Retirement 20251,565,078 shares24,975,517 
    *State Street Global AdvisorsTarget Retirement 20302,163,374 shares36,552,374 
    *State Street Global AdvisorsTarget Retirement 20352,942,718 shares51,253,313 
    *State Street Global AdvisorsTarget Retirement 20402,553,053 shares45,804,326 
    *State Street Global AdvisorsTarget Retirement 20452,213,105 shares40,721,140 
    *State Street Global AdvisorsTarget Retirement 20502,130,023 shares39,895,337 
    *State Street Global AdvisorsTarget Retirement 20551,926,178 shares36,127,402 
    *State Street Global AdvisorsTarget Retirement 2060939,666 shares17,625,320 
    *State Street Global AdvisorsTarget Retirement 2065358,999 shares6,814,511 
    *State Street Global AdvisorsLarge Company Index Fund8,166,839 shares211,365,948 
    *State Street Global AdvisorsMid-Sized Company Index Fund3,341,518 shares85,081,724 
    *State Street Global AdvisorsInternational Index Fund5,223,368 shares75,023,233 
    *State Street Global AdvisorsBond Market Index Fund5,180,691 shares55,764,955 
    *State Street Global AdvisorsSmall Company Index Fund2,152,964 shares34,031,896 
    *State Street Global AdvisorsGovernment Short Term Investment Fund2,297,894 shares2,278,396 
    *InvescoInvesco Stable Value Trust Fund40,924,910 shares40,924,910 
    Total 816,199,500 
    *
    Charles Schwab & Co.
    Self-directed Brokerage AccountVarious17,105,909 
    *
    Loans to participants (maturing through 2028)
    Interest rates range from 4.25% to 9.50%
    6,268,176 
    Total $989,650,231 
    *Party-in-interest as defined by ERISA.
      
    Historical cost information is not required in Schedule H, Line 4i - Schedule of Assets (Held at End of Year) for
    participant-directed investment funds.

    See accompanying report of independent registered public accounting firm.


    11


    SIGNATURES


    Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

    YUM! BRANDS 401(k) PLAN
     
     
     
    By:/s/ David E. Russell
    Senior Vice President, Finance and Corporate Controller

    Date: June 27, 2025

    12
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      David Gibbs will serve as an adviser to Yum! Brands until the end of 2026 Yum! Brands, Inc. (NYSE:YUM) today announced that its Board of Directors has unanimously elected Chris Turner, 50, as Chief Executive Officer, effective October 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250617900689/en/YUM) today announced that its Board of Directors has unanimously elected Chris Turner, 50, as Chief Executive Officer, effective October 1, 2025.">Yum! Brands, Inc. (NYSE:YUM) today announced that its Board of Directors has unanimously elected Chris Turner, 50, as Chief Executive Officer, effective October 1, 2025. Turner, wh

      6/17/25 7:30:00 AM ET
      $YUM
      Restaurants
      Consumer Discretionary
    • Race Into Flavor: KFC's Iconic Fill Ups Return Alongside Finger Lickin' Good Collab with F1® THE MOVIE

      Plus – New Mountain Dew® Sweet Lightning® Peaches & Cream "Dirty" Soda Speeds into Summer LOUISVILLE, Ky., June 5, 2025 /PRNewswire/ -- KFC® is kicking off summer with a full-throttle menu, bringing back its iconic meal deal, Fill Ups, in partnership with F1® THE MOVIE—making KFC drive-thrus the most desired pit stop of summer. The fan-favorite Fill Ups return nationwide with KFC's signature finger lickin' good flavor, in four crave-worthy combos that deliver a bounty of food for an unbeatable value—a complete meal all in one satisfying box for just $7*. Whether you're a class

      6/5/25 9:00:00 AM ET
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      Restaurants
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    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Yum! Brands upgraded by Analyst with a new price target

      Analyst upgraded Yum! Brands from Neutral to Overweight and set a new price target of $162.00

      6/25/25 7:51:25 AM ET
      $YUM
      Restaurants
      Consumer Discretionary
    • Yum! Brands upgraded by Redburn Atlantic with a new price target

      Redburn Atlantic upgraded Yum! Brands from Neutral to Buy and set a new price target of $177.00

      6/10/25 7:52:58 AM ET
      $YUM
      Restaurants
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    • Yum! Brands upgraded by Goldman with a new price target

      Goldman upgraded Yum! Brands from Neutral to Buy and set a new price target of $167.00

      6/4/25 7:32:11 AM ET
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    • Amendment: SEC Form SC 13G/A filed by Yum! Brands Inc.

      SC 13G/A - YUM BRANDS INC (0001041061) (Subject)

      11/14/24 1:28:29 PM ET
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      Restaurants
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    • Amendment: SEC Form SC 13G/A filed by Yum! Brands Inc.

      SC 13G/A - YUM BRANDS INC (0001041061) (Subject)

      11/13/24 12:54:34 PM ET
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      Restaurants
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    • Amendment: SEC Form SC 13G/A filed by Yum! Brands Inc.

      SC 13G/A - YUM BRANDS INC (0001041061) (Subject)

      11/12/24 5:52:27 PM ET
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      Restaurants
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    • Yum! Brands Appoints Chris Turner as Chief Executive Officer Effective October 1, 2025

      David Gibbs will serve as an adviser to Yum! Brands until the end of 2026 Yum! Brands, Inc. (NYSE:YUM) today announced that its Board of Directors has unanimously elected Chris Turner, 50, as Chief Executive Officer, effective October 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250617900689/en/YUM) today announced that its Board of Directors has unanimously elected Chris Turner, 50, as Chief Executive Officer, effective October 1, 2025.">Yum! Brands, Inc. (NYSE:YUM) today announced that its Board of Directors has unanimously elected Chris Turner, 50, as Chief Executive Officer, effective October 1, 2025. Turner, wh

      6/17/25 7:30:00 AM ET
      $YUM
      Restaurants
      Consumer Discretionary
    • Yum! Brands Announces Leadership Transition Plans; David Gibbs to Retire in 2026

      The Board of Directors is Conducting a Thorough Succession Planning Process Yum! Brands, Inc. (NYSE:YUM) today announced that David Gibbs, Chief Executive Officer, has informed the Board of Directors of his intention to retire from the Company in the next year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250331870458/en/YUM) today announced that David Gibbs, Chief Executive Officer, has informed the Board of Directors of his intention to retire from the Company in the next year. The Board has established a succession planning committee and will work deliberately to identify and appoint the best candidate to lead the company's

      3/31/25 7:00:00 AM ET
      $YUM
      Restaurants
      Consumer Discretionary
    • Dutch Bros Inc. Outlined Long-Term Growth Strategy at Inaugural Investor Day

      Expanded Total Addressable Market to 7,000+ System Shops Nationwide Set Goal of 2,029 System Shops in 2029 Reiterated Prior Long-Term Growth Algorithm; Issued New Long-Term Company-Operated Shop Contribution Margin Goal Announced Appointment of Brian Cahoe as Chief Development Officer Dutch Bros Inc. (NYSE:BROS, "Dutch Bros" or the "Company")), one of the fastest-growing brands in the U.S. quick service beverage industry, today hosted an Investor Day at its support center in Tempe, AZ. The event was also webcast live. During the presentation, the Dutch Bros management team provided updates on the business and its long-term growth goals. "We are pleased to deliver quarter-to-date Q1 sam

      3/27/25 4:05:00 PM ET
      $BROS
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    $YUM
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    • Yum! Brands, Inc. Declares Quarterly Dividend of $0.71 Per Share

      Yum! Brands, Inc. (NYSE:YUM) Board of Directors declared a dividend of $0.71 per share of common stock. The quarterly cash dividend will be distributed June 6, 2025, to shareholders of record at the close of business on May 27, 2025. Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of nearly 61,000 restaurants in more than 155 countries and territories under the company's concepts – KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-inspired food and pizza categories, respectively. Habit Burger & Grill is a fast casual restaurant concept speciali

      5/15/25 5:19:00 PM ET
      $YUM
      Restaurants
      Consumer Discretionary
    • Yum! Brands Reports First-Quarter Results

      Taco Bell U.S. Same-Store Sales Growth 9%; KFC International Unit Growth 7% GAAP Operating Profit Growth of 5% and Core Operating Profit Growth of 8% Yum! Brands, Inc. (NYSE:YUM) today reported results for the first quarter ended March 31, 2025. First-quarter GAAP EPS was $0.90 and first-quarter EPS excluding Special Items was $1.30, a 13% increase. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429529203/en/ DAVID GIBBS COMMENTS David Gibbs, CEO, said "I'm incredibly proud of our teams' ability to stay nimble and deliver industry-leading results in a complex consumer environment. This quarter, we achieved 8% Core Operating

      4/30/25 7:00:00 AM ET
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      Restaurants
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    • Yum! Brands Announces Q1 2025 Earnings and Conference Call Details

      Yum! Brands, Inc. (NYSE:YUM) will release its first quarter financial results on Wednesday, April 30, 2025 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 8:15 a.m. ET. The number is 833/470-1428 for U.S. callers, 833/950-0062 for Canada callers, and +1/929-526-1599 for all other international callers, conference ID 540566. The event will be webcast live and can be accessed through the Yum! Brands website at https://investors.yum.com/events-and-presentations. The Q&A session of this conference call is limited to analysts only. Members of the media may direct their questions to the contact number below. The call will be available for p

      4/16/25 6:42:00 PM ET
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