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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 8, 2007
Commission file number 1-13163
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YUM! BRANDS, INC.
(Exact name of registrant as specified in its charter)
North Carolina 13-3951308
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(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
1441 Gardiner Lane, Louisville, Kentucky 40213
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (502) 874-8300
Former name or former address, if changed since last report: N/A
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Section 2 - Financial Information
Item 2.02 Results of Operations and Financial Condition
On October 8, 2007, YUM! Brands, Inc. issued a press release announcing
financial results for the quarter ended September 8, 2007. In this press
release, YUM! Brands, Inc. also announced that its Board of Directors
authorized the repurchase of up to $1.25 billion of the Company's
outstanding common stock over a period of up to 12 months. A copy of the
press release is attached hereto as Exhibit 99.1.
Section 8 - Other Events
Item 8.01 Other Events
On October 8, 2007, YUM! Brands, Inc. updated its full year 2007 guidance.
A copy of the guidance is attached hereto as Exhibit 99.2.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated October 8, 2007 from YUM! Brands, Inc. announcing
Financial Results for quarter ended September 8, 2007 and $1.25
Billion Share Repurchase
99.2 Guidance Update dated October 8, 2007 from YUM! Brands, Inc.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
YUM! BRANDS, INC.
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(Registrant)
Date: October 8, 2007 /s/ Ted F. Knopf
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Senior Vice President of Finance
and Corporate Controller
(Principal Accounting Officer)