Yum Brands Q1 2024 Update
Ticker: YUM · Form: 10-Q · Filed: 2024-05-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
YUM Q1 2024: Revenue from product sales & franchise fees. Balance sheet details as of Dec 31, 2023.
AI Summary
Yum Brands Inc. reported its first quarter 2024 results, ending March 31, 2024. The company's financial statements show significant revenue streams from product sales and franchise fees. Key balance sheet items as of December 31, 2023, include common stock, retained earnings, and accumulated other comprehensive income.
Why It Matters
This filing provides insight into Yum Brands' financial performance and position, impacting investors and stakeholders in the fast-food industry.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- 2024-03-31 — Reporting Period End (Current quarter end date)
- 2023-12-31 — Balance Sheet Date (Prior year end date for balance sheet items)
Key Players & Entities
- YUM BRANDS INC (company) — Filer
- TRICON GLOBAL RESTAURANTS INC (company) — Former Company Name
- GREAT AMERICAN RESTAURANT CO (company) — Former Company Name
- 20240331 (date) — Reporting Period End Date
- 20240507 (date) — Filing Date
FAQ
What were the primary revenue sources for Yum Brands in Q1 2024?
The filing indicates revenue streams from product sales and franchise fees for the period ending March 31, 2024.
What is the reporting period for this 10-Q filing?
The conformed period of report is 20240331, indicating the first quarter of 2024.
When was this 10-Q filing submitted to the SEC?
The filing date is 20240507.
What were some key components of Yum Brands' equity as of December 31, 2023?
Key components included common stock, retained earnings, and accumulated other comprehensive income.
Has Yum Brands Inc. operated under different names previously?
Yes, the company was formerly known as TRICON GLOBAL RESTAURANTS INC and GREAT AMERICAN RESTAURANT CO.
From the Filing
0001041061-24-000020.txt : 20240507 0001041061-24-000020.hdr.sgml : 20240507 20240507165829 ACCESSION NUMBER: 0001041061-24-000020 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 76 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13163 FILM NUMBER: 24922952 BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 10-Q 1 yum-20240331.htm 10-Q yum-20240331 0001041061 12-31 false 2024 Q1 2025-03-01 xbrli:shares iso4217:USD iso4217:USD xbrli:shares yum:restaurants yum:countries_and_territiories utr:Rate yum:operating_segments yum:Months yum:days xbrli:pure 0001041061 2024-01-01 2024-03-31 0001041061 2024-05-01 0001041061 us-gaap:ProductMember 2024-01-01 2024-03-31 0001041061 us-gaap:ProductMember 2023-01-01 2023-03-31 0001041061 us-gaap:FranchiseMember 2024-01-01 2024-03-31 0001041061 us-gaap:FranchiseMember 2023-01-01 2023-03-31 0001041061 us-gaap:AdvertisingMember 2024-01-01 2024-03-31 0001041061 us-gaap:AdvertisingMember 2023-01-01 2023-03-31 0001041061 2023-01-01 2023-03-31 0001041061 2023-12-31 0001041061 2022-12-31 0001041061 2024-03-31 0001041061 2023-03-31 0001041061 us-gaap:CommonStockMember 2023-12-31 0001041061 us-gaap:RetainedEarningsMember 2023-12-31 0001041061 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001041061 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001041061 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001041061 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001041061 us-gaap:CommonStockMember 2024-03-31 0001041061 us-gaap:RetainedEarningsMember 2024-03-31 0001041061 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001041061 us-gaap:CommonStockMember 2022-12-31 0001041061 us-gaap:RetainedEarningsMember 2022-12-31 0001041061 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001041061 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001041061 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001041061 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001041061 us-gaap:CommonStockMember 2023-03-31 0001041061 us-gaap:RetainedEarningsMember 2023-03-31 0001041061 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001041061 us-gaap:CommonStockMember yum:September2022Member 2024-01-01 2024-03-31 0001041061 us-gaap:CommonStockMember yum:September2022Member 2023-01-01 2023-03-31 0001041061 yum:September2022Member 2023-01-01 2023-03-31 0001041061 yum:September2022Member 2024-03-31 0001041061 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0001041061 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0001041061 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2023-12-31 0001041061 us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-01 2024-03-31 0001041061 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-01-01 2024-03-31 0001041061 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2024-01-01 2024-03-31 0001041061 us-gaap:AccumulatedTranslationAdjustmentMember 2024-03-31 0001041061 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-03-31 0001041061 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2024-03-31 0001041061 yum:FranchiseIncentiveMember 2024-03-31 000104