YUM BRANDS INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
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Item 1A. Risk Factors
We face a variety of risks that are inherent in our business and our industry, including operational, legal, regulatory and product risks. Such risks could cause our actual results to differ materially from our forward-looking statements, expectations and historical trends. There have been no material changes from the risk factors disclosed in Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023.
The following tables provides information as of June 30, 2024, with respect to shares of Common Stock repurchased by the Company during the quarter then ended:
| Fiscal Periods | Total number of shares purchased(thousands) | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs(thousands) | Approximate dollar value of shares that may yet be purchased under the plans or programs(millions) |
|---|---|---|---|---|
| 4/1/24-4/30/24 | — | $— | — | $1,700 |
| 5/1/24-5/31/24 | 298 | $136.72 | 298 | $1,659 |
| 6/1/24-6/30/24 | 68 | $139.46 | 68 | $— |
| Total | 366 | $137.24 | 366 | $— |
In September 2022, our Board of Directors authorized share repurchases of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock through June 30, 2024. Upon its expiration on June 30, 2024, we had remaining capacity to repurchase up to $1.65 billion of Common Stock under the September 2022 authorization. In May 2024, our Board of Directors authorized share repurchases of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock through December 31, 2026. The new authorization took effect July 1, 2024 upon the expiration of the authorization approved in September 2022.
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