Yum! Brands

Disclosures pertaining to outstanding debt in our Restricted Group capital structure will be provided at the time of the filing of the second-quarter Form 10-Q.

SEC original ↗Yum! Brands — Earnings release (8-K exhibit)EX-99Aug 5, 2025

11 Note 5 - Shareholders' Deficit Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the years to date ended June 30, 2026 and 2025 as indicated below.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

All amounts exclude applicable transaction fees and excise taxes on share repurchases.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

Shares Repurchased (thousands) Dollar Value of Shares Repurchased Remaining Dollar Value of Shares that may be Repurchased Authorization Date 2026 2025 2026 2025 2026 May 2024 4,345 2,296 $ 670 $ 336 $ 389 June 2026 4,000 Total 4,345 2,296 $ 670 $ 336 $ 4,389 In May 2024, our Board of Directors authorized share repurchases of up to $ 2 billion (excluding applicable transaction fees and excise taxes) of our outstanding Common Stock through December 31, 2026.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

As of June 30, 2026 we have remaining capacity to repurchase up to $ 0.4 billion of Common Stock under the May 2024 authorization.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

In June 2026, our Board of Directors authorized share repurchases of up to $ 4 billion (excluding applicable transaction fees and excise taxes) of our outstanding Common Stock from the earlier of the exhaustion or expiration of the May 2024 authorization through June 30, 2028.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

RECENT STRATEGIC ANNOUNCEMENTS On June 17 th , we announced that the Board of Directors unanimously elected Chris Turner to succeed David Gibbs as Chief Executive Officer , effective October 1, 2025.

SEC original ↗Yum! Brands — Earnings release (8-K exhibit)EX-99Aug 5, 2025

This launch is part of the brand s long-term beverage strategy to reach $5 billion in beverage sales by 2030.

SEC original ↗Yum! Brands — Earnings release (8-K exhibit)EX-99Aug 5, 2025

will host a conference call to review the company's financial performance and strategies at 8 15 a.

SEC original ↗Yum! Brands — Earnings release (8-K exhibit)EX-99Aug 5, 2025

As of June 30, 2026, YUM consisted of four operating segments: The KFC Division which includes our worldwide operations of the KFC concept The Taco Bell Division which includes our worldwide operations of the Taco Bell concept The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept The Habit Burger & Grill Division which includes our worldwide operations of the Habit Burger & Grill concept In 2025, we began a review of strategic options for the Pizza Hut brand.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

The acquisition provided YUM with an opportunity to improve and accelerate Taco Bell profitability, expand strategic leadership within the Taco Bell system and unlock significant unit development in the region.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements.

SEC original ↗Yum! Brands — Earnings release (8-K exhibit)EX-99Aug 5, 2025

In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements.

SEC original ↗Yum! Brands — Earnings release (8-K exhibit)EX-99Aug 5, 2025

All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

SEC original ↗Yum! Brands — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Other Information and Signatures Item 1 - Legal Proceedings 47 Item 1A - Risk Factors 47 Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds 47 Item 5 - Other Information 48 Item 6 - Exhibits 49 Signatures 50 2 PART I - FINANCIAL INFORMATION Item 1.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

We believe this disaggregation best reflects the extent to which the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026

(d) Unallocated Other income (expense) includes income of $ 44 million, net of legal expenses, in the year to date ended June 30, 2026, related to a credit card interchange fee litigation settlement in which we were a plaintiff.

SEC original ↗Yum! Brands — 10-Q Quarterly report10-QAug 5, 2026