YUM! Brands, Inc.

Historical Financial Summary

Fourth Quarter, 2023

YUM! Brands, Inc.
Consolidated Statements of Income
(in millions, except per share and unit amounts)
2023 2022 2021 2020 2019 2018
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) FY FY FY FY FY
Revenues
Company sales $ 474 $ 511 $ 510 $ 647 $ 2,142 $ 470 $ 499 $ 479 $ 624 $ 2,072 $ 2,106 $ 1,810 $ 1,546 $ 2,000
Franchise and property revenues 770 785 796 896 3,247 714 737 760 885 3,096 2,900 2,510 2,660 2,482
Franchise contributions for advertising and other services 401 391 402 493 1,687 363 400 401 510 1,674 1,578 1,332 1,391 1,206
Total revenues 1,645 1,687 1,708 2,036 7,076 1,547 1,636 1,640 2,019 6,842 6,584 5,652 5,597 5,688

Costs and Expenses, Net

Company restaurant expenses 403 415 421 535 1,774 402 415 402 526 1,745 1,725 1,506 1,235 1,634
General and administrative expenses 282 291 267 353 1,193 253 254 261 372 1,140 1,060 1,064 917 895
Franchise and property expenses 36 32 27 28 123 32 29 28 34 123 117 145 180 188
Franchise advertising and other services expense 395 388 400 500 1,683 361 396 396 514 1,667 1,576 1,314 1,368 1,208
Refranchising (gain) loss (4) (17) (19) 11 (29) (4) (8) (3) (12) (27) (35) (34) (37) (540)
Other (income) expense 10 5 (1) - 14 (6) (4) 10 7 7 2 154 4 7
Total costs and expenses, net 1,122 1,114 1,095 1,427 4,758 1,038 1,082 1,094 1,441 4,655 4,445 4,149 3,667 3,392

Operating Profit 523 573 613 609 2,318 509 554 546 578 2,187 2,139 1,503 1,930 2,296

Investment (income) expense, net 24 (29) (16) 14 (7) (7) 15 (27) 8 (11) (86) (74) 67 (9)
Other pension (income) expense (2) (1) (2) (1) (6) - 1 2 6 9 7 14 4 14
Interest expense, net 130 125 126 132 513 118 148 124 137 527 544 543 486 452

Income before income taxes 371 478 505 464 1,818 398 390 447 427 1,662 1,674 1,020 1,373 1,839

Income tax provision 71 60 89 1 221 (1) 166 116 56 337 99 116 79 297

Net Income - YUM! Brands, Inc. $ 300 $ 418 $ 416 $ 463 $ 1,597 $ 399 $ 224 $ 331 $ 371 $ 1,325 $ 1,575 $ 904 $ 1,294 $ 1,542

Basic EPS - Continuing Operations

Reported EPS $ 1.07 $ 1.49 $ 1.48 $ 1.65 $ 5.68 $ 1.38 $ 0.78 $ 1.16 $ 1.31 $ 4.63 $ 5.30 $ 2.99 $ 4.23 $ 4.80
Weighted average shares used in computation 281 281 281 281 281 289 286 285 283 286 297 302 306 322

Diluted EPS - Continuing Operations

Reported EPS $ 1.05 $ 1.46 $ 1.46 $ 1.62 $ 5.59 $ 1.36 $ 0.77 $ 1.14 $ 1.29 $ 4.57 $ 5.21 $ 2.94 $ 4.14 $ 4.69
Weighted average shares used in computation 285 286 286 285 285 294 290 289 287 290 302 307 313 329

System sales growth

Reported 6% 11% 9% 5% 8% 6% (1)% 1% 2% 2% 16% (4)% 7% 5%
Ex/FX 11% 13% 10% 5% 10% 8% 3% 7% 8% 6% 13% (4)% 9% 5%
Ex/FX and 53rd week N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A (3)% 8% N/A

Company sales $ 474 $ 511 $ 510 $ 647 $ 2,142 $ 470 $ 499 $ 479 $ 624 $ 2,072 $ 2,105 $ 1,810 $ 1,546 $ 2,000
Franchisee sales 14,541 14,916 15,320 16,870 61,647 13,676 13,457 14,064 16,014 57,211 56,082 48,549 51,038 47,237
System Sales $ 15,015 $ 15,427 $ 15,830 $ 17,517 $ 63,789 $ 14,146 $ 13,956 $ 14,543 $ 16,638 $ 59,283 $ 58,187 $ 50,359 $ 52,584 $ 49,237

Worldwide System Same Store Sales Growth (Decline) 8% 9% 6% 1% 6% 3% 1% 5% 6% 4% 10% -6% 3% 2%

Net Unit Growth/(Decline) 322 742 849 1,434 3,347 628 463 644 1,367 3,102 3,071 183 2,046 3,040

* See accompanying "Notes to Historical Financial Summary".

** Net unit growth in 2022 reflects our election to remove 1,112 KFC and 53 PH units in Russia from our unit count. Net unit growth in 2020 includes 276 units
operating under the Habit Burger Grill brand. Net unit growth in 2018 includes 1,282 PH units operating under the Telepizza brand.
YUM! Brands, Inc.
KFC Division Operating Results
(in millions, except unit amounts)
2023 2022 2021 2020 2019 2018
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) FY FY FY FY FY
Revenues
Company sales $ 110 $ 115 $ 117 $ 142 $ 484 $ 126 $ 115 $ 112 $ 138 $ 491 $ 596 $ 506 $ 571 $ 894
Franchise and property revenues 412 416 426 444 $ 1,698 383 394 418 450 1,645 1,557 1,295 1,390 1,294
Franchise contributions for advertising and other services 165 151 157 175 $ 648 151 168 174 205 698 640 471 530 456
Total revenues 687 682 700 761 2,830 660 677 704 793 2,834 2,793 2,272 2,491 2,644

Costs and Expenses, Net

Company restaurant expenses 96 99 100 122 417 108 102 97 119 426 490 439 484 775
General and administrative expenses 89 90 86 118 383 84 89 96 121 390 377 346 346 350
Franchise and property expenses 26 16 15 15 72 24 14 15 16 69 74 91 89 107
Franchise advertising and other services expense 164 150 156 178 648 151 163 166 204 684 627 465 520 452
Other (income) expense 7 1 (1) (1) 6 2 16 26 23 67 (5) 9 - 1
Total costs and expenses, net 382 356 356 432 1,526 369 384 400 483 1,636 1,563 1,350 1,439 1,685

Operating Profit $ 305 $ 326 $ 344 $ 329 $ 1,304 $ 291 $ 293 $ 304 $ 310 $ 1,198 $ 1,230 $ 922 $ 1,052 $ 959

System sales growth

Reported 4% 14% 10% 7% 9% 6% (5)% (1)% (3)% (1)% 19% (6)% 6% 7%
Ex/FX 11% 19% 12% 7% 12% 9% 1% 8% 6% 6% 16% (5)% 10% 6%
Ex/FX and 53rd week N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A (5)% 9% N/A

Company sales $ 110 $ 115 $ 117 $ 142 $ 484 $ 126 $ 115 $ 112 $ 138 $ 491 $ 596 $ 506 $ 571 $ 894
Franchisee sales 7,947 8,183 8,503 8,746 33,379 7,607 7,137 7,712 8,169 30,625 30,769 25,783 27,329 25,345
System Sales $ 8,057 $ 8,298 $ 8,620 $ 8,888 $ 33,863 $ 7,733 $ 7,252 $ 7,824 $ 8,307 $ 31,116 $ 31,365 $ 26,289 $ 27,900 $ 26,239

System Same Store Sales Growth (Decline) 9% 13% 6% 2% 7% 3% -1% 7% 5% 4% 11% -9% 4% 2%

Net Unit Growth 243 497 551 849 2,140 438 261 351 888 1,938 1,934 896 1,483 1,134

* See accompanying "Notes to Historical Financial Summary".

YUM! Brands, Inc.
Taco Bell Division Operating Results
(in millions, except unit amounts)
2023 2022 2021 2020 2019 2018
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) FY FY FY FY FY
Revenues
Company sales $ 229 $ 253 $ 256 $ 331 $ 1,069 $ 214 $ 243 $ 234 $ 311 $ 1,002 $ 944 $ 882 $ 921 $ 1,037
Franchise and property revenues 201 218 218 281 918 179 199 196 263 837 742 662 673 590
Franchise contributions for advertising and other services 142 150 155 207 654 124 144 138 192 598 552 487 485 429
Total revenues 572 621 629 819 2,641 517 586 568 766 2,437 2,238 2,031 2,079 2,056

Costs and Expenses, Net

Company restaurant expenses 179 187 195 256 817 167 181 177 241 766 719 657 700 793
General and administrative expenses 45 49 47 63 204 36 39 41 75 191 174 158 181 177
Franchise and property expenses 5 9 7 11 32 6 8 8 11 33 33 33 38 28
Franchise advertising and other services expense 138 148 153 205 644 123 144 139 193 599 553 484 481 428
Other (income) expense 1 - 1 (2) - - (1) (1) - (2) 1 3 (4) (3)
Total costs and expenses, net 368 393 403 533 1,697 332 371 364 520 1,587 1,480 1,335 1,396 1,423

Operating Profit $ 204 $ 228 $ 226 $ 286 $ 944 $ 185 $ 215 $ 204 $ 246 $ 850 $ 758 $ 696 $ 683 $ 633

System sales growth

Reported 11% 7% 11% 6% 9% 8% 10% 9% 14% 10% 13% 0% 9% 6%
Ex/FX 12% 7% 11% 6% 9% 8% 10% 9% 14% 11% 13% 0% 9% 6%
Ex/FX and 53rd week N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 1% 8% N/A

Company sales $ 229 $ 253 $ 256 $ 331 $ 1,069 $ 214 $ 243 $ 234 $ 311 $ 1,002 $ 944 $ 882 $ 921 $ 1,037
Franchisee sales 3,235 3,507 3,548 4,556 14,846 2,894 3,266 3,183 4,308 13,651 12,336 10,863 10,863 9,749
System Sales $ 3,464 $ 3,760 $ 3,804 $ 4,887 $ 15,915 $ 3,108 $ 3,509 $ 3,417 $ 4,619 $ 14,653 $ 13,280 $ 11,745 $ 11,784 $ 10,786

System Same Store Sales Growth (Decline) 8% 4% 8% 3% 5% 5% 8% 6% 11% 8% 11% -1% 5% 4%

Net Unit Growth 58 44 65 179 346 40 69 74 244 427 364 64 291 223

* See accompanying "Notes to Historical Financial Summary".

YUM! Brands, Inc.
Pizza Hut Division Operating Results
(in millions, except unit amounts)
2023 2022 2021 2020 2019 2018
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) FY FY FY FY FY
Revenues
Company sales $ 5 $ 4 $ 2 $ 3 $ 14 $ 5 $ 5 $ 4 $ 7 $ 21 $ 46 $ 76 $ 54 $ 69
Franchise and property revenues 155 149 150 168 622 151 142 145 169 607 597 552 597 598
Franchise contributions for advertising and other services 94 89 90 110 383 88 88 88 112 376 385 374 376 321
Total revenues 254 242 242 281 1,019 244 235 237 288 1,004 1,028 1,002 1,027 988

Costs and Expenses, Net

Company restaurant expenses 5 4 2 3 14 5 5 5 6 21 43 73 51 69
General and administrative expenses 51 53 51 66 221 50 50 45 66 211 201 215 202 197
Franchise and property expenses 3 6 5 1 15 2 2 5 4 13 11 17 39 45
Franchise advertising and other services expense 93 89 91 116 389 87 88 91 116 382 395 365 367 328
Other (income) expense (2) (1) (4) (4) (11) (2) (3) (1) (4) (10) (9) (3) (1) 1
Total costs and expenses, net 150 151 145 182 628 142 142 145 188 617 641 667 658 640

Operating Profit $ 104 $ 91 $ 97 $ 99 $ 391 $ 102 $ 93 $ 92 $ 100 $ 387 $ 387 $ 335 $ 369 $ 348

System sales growth

Reported 6% 5% 3% 1% 4% 2% (3)% (1)% (1)% (1)% 8% (7)% 6% 1%
Ex/FX 10% 7% 4% 1% 5% 3% 0% 4% 4% 3% 6% (7)% 8% 1%
Ex/FX and 53rd week N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A (6)% 7% N/A

Company sales $ 5 $ 4 $ 2 $ 3 $ 14 $ 5 $ 5 $ 4 $ 7 $ 21 $ 46 $ 76 $ 54 $ 69
Franchisee sales 3,331 3,197 3,241 3,532 13,301 3,155 3,034 3,142 3,501 12,832 12,909 11,879 12,846 12,143
System Sales $ 3,336 $ 3,201 $ 3,243 $ 3,535 $ 13,315 $ 3,160 $ 3,039 $ 3,146 $ 3,508 $ 12,853 $ 12,955 $ 11,955 $ 12,900 $ 12,212

System Same Store Sales Growth (Decline) 7% 4% 1% -2% 2% 0% -3% 1% 1% 0% 7% -6% 0% 0%

Net Unit Growth/(Decline) 12 196 227 397 832 137 126 216 227 706 742 (1,064) 272 1,683

* See accompanying "Notes to Historical Financial Summary".

** Net unit growth in 2022 reflects our election to remove 53 PH units in Russia from our unit count. Net unit growth in 2018 includes 1,282 PH units operating under the Telepizza brand.
System Same Store Sales Growth

KFC Taco Bell Pizza Hut

QTD YTD QTD YTD QTD YTD
% % % % % %
Q4 2023 2% 7% 3% 5% -2% 2%
Q3 2023 6% 8% 1%
Q2 2023 13% 4% 4%
Q1 2023 9% 8% 7%
Q4 2022 5% 4% 11% 8% 1% 0%
Q3 2022 7% 6% 1%
Q2 2022 -1% 8% -3%
Q1 2022 3% 5% 0%
Q4 2021 5% 11% 8% 11% 3% 7%
Q3 2021 6% 5% 4%
Q2 2021 30% 21% 10%
Q1 2021 8% 9% 12%
Q4 2020 -2% -9% 1% -1% -1% -6%
Q3 2020 -4% 3% -3%
Q2 2020 -21% -8% -9%
Q1 2020 -8% 1% -11%
Q4 2019 3% 4% 4% 5% -2% 0%
Q3 2019 3% 4% 0%
Q2 2019 6% 7% 2%
Q1 2019 5% 4% 0%
Q4 2018 3% 2% 6% 4% 0% 0%
Q3 2018 3% 5% -1%
Q2 2018 2% 2% -1%
Q1 2018 2% 1% 1%
 Global Unit Count by Brand & Market & Ownership Type
P13 2023

KFC Pizza Hut Taco Bell Habit

Franchise & Franchise & Franchise & Franchise &
Company License Total Company License Total Company License Total Company License Total Total

Albania - 10 10 - 2 2 - - - - - - 12
Algeria - - - - 5 5 - - - - - - 5
Andorra - - - - 1 1 - - - - - - 1
Angola - 9 9 - 1 1 - - - - - - 10
Antigua - 3 3 - - - - - - - - - 3
Argentina - 27 27 - - - - - - - - - 27
Armenia - 16 16 - 8 8 - - - - - - 24
Aruba - 5 5 - 3 3 - 4 4 - - - 12
Australia 53 727 780 - 270 270 - 39 39 - - - 1,089
Austria - 13 13 - - - - - - - - - 13
Azerbaijan - 25 25 - 8 8 - - - - - - 33
Bahamas - 13 13 - 4 4 - - - - - - 17
Bahrain - 25 25 - 22 22 - - - - - - 47
Bangladesh - 37 37 - 25 25 - - - - - - 62
Barbados - 11 11 - - - - - - - - - 11
Belarus - 83 83 - - - - - - - - - 83
Belgium - 17 17 - 112 112 - - - - - - 129
Bermuda - 1 1 - - - - - - - - - 1
Bolivia - 3 3 - 7 7 - - - - - - 10
Bonaire - 1 1 - - - - - - - - - 1
Bosnia - 4 4 - - - - - - - - - 4
Botswana - 19 19 - - - - - - - - - 19
Brazil - 192 192 - 275 275 - 30 30 - - - 497
Brunei - 18 18 - 20 20 - - - - - - 38
Bulgaria - 33 33 - - - - - - - - - 33
Cambodia - 13 13 - 7 7 - - - - 7 7 27
Canada - 645 645 - 611 611 - 59 59 - - - 1,315
Chile - 119 119 - 154 154 - 20 20 - - - 293
China - 10,296 10,296 - 3,312 3,312 - 120 120 - 5 5 13,733
Colombia - 156 156 - 83 83 - - - - - - 239
Costa Rica - 54 54 - 60 60 - 50 50 - - - 164
Croatia - 8 8 - - - - - - - - - 8
Curacao - 6 6 - 4 4 - - - - - - 10
Cyprus - 25 25 - 32 32 - 6 6 - - - 63
Czech Republic - 128 128 - 16 16 - - - - - - 144
Denmark - 12 12 - - - - - - - - - 12
Djibouti - - - - 2 2 - - - - - - 2
Dominica - 1 1 - - - - - - - - - 1
Dominican Republic - 43 43 - 34 34 - 22 22 - - - 99
Ecuador - 157 157 - 78 78 - - - - - - 235
Egypt - 175 175 - 100 100 - - - - - - 275
El Salvador - 13 13 - 72 72 - 9 9 - - - 94
Estonia - 9 9 - - - - - - - - - 9
Ethiopia - - - - 7 7 - - - - - - 7
Finland - 5 5 - 20 20 - 17 17 - - - 42
France - 355 355 - 135 135 - - - - - - 490
French Guiana - 1 1 - - - - - - - - - 1
Gabon - 5 5 - 3 3 - - - - - - 8
Georgia - 16 16 - 3 3 - - - - - - 19
Germany - 203 203 - 86 86 - - - - - - 289
Ghana - 33 33 - 18 18 - - - - - - 51
Gibraltar - - - - 1 1 - - - - - - 1
Grand Cayman - 3 3 - 2 2 - - - - - - 5
Greece - 17 17 - - - - - - - - - 17
Grenada - 4 4 - 2 2 - - - - - - 6
Guadeloupe - 3 3 - - - - - - - - - 3
(a) Guam - 8 8 - 5 5 - 7 7 - - - 20
Guatemala - 13 13 - 59 59 - 83 83 - - - 155
Guyana - 11 11 - 11 11 - - - - - - 22
Honduras - 26 26 - 64 64 - - - - - - 90
Hong Kong - 89 89 - 124 124 - - - - - - 213
Hungary - 95 95 - 25 25 - - - - - - 120
Iceland - 8 8 - 1 1 - - - - - - 9
India 19 1,015 1,034 - 891 891 - 140 140 - - - 2,065
Indonesia - 753 753 - 618 618 - 8 8 - - - 1,379
Iraq - 11 11 - 3 3 - - - - - - 14
Ireland - 35 35 - 14 14 - - - - - - 49
Israel - 16 16 - 103 103 - - - - - - 119
Italy - 80 80 - - - - - - - - - 80
Ivory Coast - 6 6 - 3 3 - - - - - - 9
Jamaica - 40 40 - 15 15 - - - - - - 55
Japan - 1,229 1,229 - 596 596 - 8 8 - - - 1,833
Jordan - 28 28 - 21 21 - - - - - - 49
Kazakhstan - 79 79 - 3 3 - - - - - - 82
Kyrgyzstan - 16 16 - - - - - - - - - 16
Kenya - 37 37 - 6 6 - - - - - - 43
Korea - 197 197 - 359 359 - 11 11 - - - 567
Kosovo - 15 15 - 1 1 - - - - - - 16
Kuwait - 75 75 - 82 82 - 13 13 - - - 170
Latvia - 6 6 - - - - - - - - - 6
Lebanon - 18 18 - 8 8 - - - - - - 26
Lesotho - 10 10 - - - - - - - - - 10
Lithuania - 8 8 - - - - - - - - - 8
Luxembourg - - - - 10 10 - - - - - - 10
Macau - 3 3 - 8 8 - - - - - - 11
Macedonia - 6 6 - - - - - - - - - 6
Madagascar - 2 2 - - - - - - - - - 2
Malawi - 3 3 - - - - - - - - - 3
Malaysia - 774 774 - 475 475 - 26 26 - - - 1,275
Maldives - 3 3 - 3 3 - - - - - - 6
Malta - 3 3 - 5 5 - - - - - - 8
Martinique - 1 1 - - - - - - - - - 1
Mauritius - 27 27 - 4 4 - - - - - - 31
Mexico - 531 531 - 294 294 - - - - - - 825
Military - Africa - - - - 1 1 - - - - - - 1
(a) Military - Asia - - - - - - - 20 20 - - - 20
Military - Europe - - - - 8 8 - 13 13 - - - 21
Military - Iberia - - - - - - - - - - - - -
Military - Latin America - - - - - - - 1 1 - - - 1
Military - MENA - - - - 5 5 - 4 4 - - - 9
Military - United States - - - - 19 19 - - - - - - 19
Moldova - 2 2 - - - - - - - - - 2
Mongolia - 18 18 - 23 23 - - - - - - 41
Morocco - 34 34 - 52 52 - - - - - - 86
 KFC Pizza Hut Taco Bell Habit
Franchise & Franchise & Franchise & Franchise &
Company License Total Company License Total Company License Total Company License Total Total
Mozambique - 11 11 - - - - - - - - - 11
Myanmar - 36 36 - 12 12 - - - - - - 48
Namibia - 24 24 - - - - - - - - - 24
Nepal - 17 17 - 5 5 - - - - - - 22
Netherlands - 89 89 - - - - 9 9 - - - 98
New Zealand - 114 114 - 124 124 - 14 14 - - - 252
Nicaragua - - - - 17 17 - - - - - - 17
Nigeria - 40 40 - 12 12 - - - - - - 52
Oman - 52 52 - 47 47 - - - - - - 99
Pakistan - 126 126 - - - - - - - - - 126
Panama - 46 46 - - - - 15 15 - - - 61
Paraguay - 7 7 - 30 30 - - - - - - 37
Peru - 155 155 - 112 112 - 6 6 - - - 273
Philippines - 382 382 - 142 142 - 13 13 - - - 537
Poland - 360 360 - 155 155 - - - - - - 515
Portugal - 65 65 - 272 272 - 21 21 - - - 358
Puerto Rico - 83 83 - 57 57 - 38 38 - - - 178
Qatar - 64 64 - 47 47 - - - - - - 111
Reunion Island - 3 3 - - - - - - - - - 3
Romania - 102 102 - 35 35 - 15 15 - - - 152
Rwanda - 1 1 - - - - - - - - - 1
(a) Saipan - 1 1 - 1 1 - - - - - - 2
Saudi Arabia - 265 265 - 102 102 - - - - - - 367
Senegal - 6 6 - - - - - - - - - 6
Serbia - 15 15 - - - - - - - - - 15
Singapore - 79 79 - 69 69 - - - - - - 148
Slovakia - 11 11 - 3 3 - - - - - - 14
Slovenia - 1 1 - - - - - - - - - 1
Somaliland - - - - 1 1 - - - - - - 1
South Africa 50 1,048 1,098 - 49 49 - - - - - - 1,147
Spain - 286 286 - 759 759 - 149 149 - - - 1,194
Sri Lanka - 71 71 - 112 112 - 9 9 - - - 192
StKitts - 2 2 - - - - - - - - - 2
StLucia - 5 5 - - - - - - - - - 5
StMaarten - 2 2 - - - - - - - - - 2
StVincent - 2 2 - - - - - - - - - 2
Sudan - 7 7 - 4 4 - - - - - - 11
Suriname - 7 7 - 2 2 - - - - - - 9
Swaziland - 11 11 - - - - - - - - - 11
Sweden - 18 18 - 40 40 - - - - - - 58
Switzerland - 15 15 - - - - - - - - - 15
Taiwan - 190 190 - 311 311 - - - - - - 501
Tajikistan - 6 6 - - - - - - - - - 6
Tanzania - 8 8 - 9 9 - - - - - - 17
Thailand - 1,080 1,080 - 185 185 - 25 25 - - - 1,290
Trinidad - 60 60 - 12 12 - - - - - - 72
Tunisia - 10 10 - - - - - - - - - 10
Turkey - 301 301 - 220 220 - - - - - - 521
Uganda - 15 15 - 1 1 - - - - - - 16
UK 52 949 1,001 - 505 505 - 135 135 - - - 1,641
Ukraine - 56 56 - - - - - - - - - 56
United Arab Emirates - 206 206 - 163 163 - - - - - - 369
United States 46 3,745 3,791 7 6,561 6,568 483 6,922 7,405 307 59 366 18,130
USVI - 6 6 - 2 2 - - - - - - 8
Uzbekistan - 21 21 - - - - - - - - - 21
Venezuela - 25 25 - 9 9 - - - - - - 34
Vietnam - 207 207 - 133 133 - - - - - - 340
West Bank - 17 17 - 10 10 - - - - - - 27
Zambia - 8 8 - - - - - - - - - 8
Zimbabwe - 13 13 - 5 5 - - - - - - 18
TOTAL 220 29,680 29,900 7 19,859 19,866 483 8,081 8,564 307 71 378 58,708
- - - - - - - - - - - - -

Total Global Market Count 5 149 149 1 109 109 1 32 32 1 3 3 157

(a) - For PH, units physically located in Guam and Saipan are managed by the US.
(b) - Countries entered YTD (bolded represents addition to country count for global Yum): Somaliland (PH), Iraq (PH), Georgia (PH), Kosovo (PH)
- Countries exited YTD (bolded represents reduction to country count for global Yum): Pakistan (PH)
Notes to Historical Financial Summary

Note 1: Consult our filings with the Securities and Exchange Commission for additional details about our financial results.
Note 2: Definitions of terms reflected in this summary are available at investors.yum.com.
Note 3: Unless otherwise noted, results include the impact of a 53 rd week in our 2019 fiscal year.
Note 4: Investment (income) expense, net, primarily reflects the change in the market price of Devyani and Grubhub common stock.
Note 5: 2020, 2021 and 2022 results were impacted by temporarily closed restaurants, including restaurants closed due to government restrictions, as of
a result of COVID-19. The sales of restaurants we deem temporarily closed remain in our base for purposes of determining same-store sales growth and
the restaurants remain in our unit count.

Note 6: In 2021, when calculating same-store sales growth we also included in our prior year base the sales of stores in the quarter ended March 31,
2020, both before and after the acquisition date that were added as a result of our acquisition of The Habit Restaurants, Inc. on March 18, 2020, and that
were open for one year or more. In 2020, when calculating same-store sales growth we also included in our prior year base the sales of stores that were
added as a result of our acquisition of The Habit Restaurants, Inc. on March 18, 2020, and that were open for one year or more. In 2019, when
calculating same-store sales growth we also included in our prior year base the sales of stores that were added as a result of the Telepizza strategic
alliance in December 2018 and that were open for one year or more. Operating profit results of Habit Burger Grill for the period subsequent to our
acquisition are reflected in the consolidated figures.

Note 7: In the first quarter of 2022, as a result of the Russian invasion of Ukraine, we suspended all investment and restaurant development in Russia.
We also suspended all operations of our 70 company-owned KFC restaurants in Russia and began finalizing an agreement to suspend all Pizza Hut
operations in Russia, in partnership with our master franchisee. Further, we pledged to redirect any future net profits attributable to Russia subsequent to
the date of invasion to humanitarian efforts. During the second quarter of 2022, we completed the transfer of ownership of the Pizza Hut Russia business
to a local operator. In the second quarter of 2023, we completed our exit from the Russia market by selling the KFC business in Russia.

Our GAAP operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC and Pizza Hut prior to the
dates of sale or transfer, within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our
pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net operating
profits or losses from the Division segment results in which they were earned to Unallocated Other income (expense). Additionally, we incurred certain
expenses related to the dispositions of the businesses and other one-time costs related to our exit from Russia which we recorded within Corporate and
unallocated G&A and Unallocated Franchise and property expenses. Also recorded in Unallocated Other income (expense) were foreign exchange
impacts attributable to fluctuations in the value of the Russian ruble and a charge of $3 million recorded during the year ended December 31, 2023, as a
result of the completion of the sale of the KFC Russia business. The resulting net Operating Loss of $11 million for the year ended December 31, 2023,
and net Operating Profit of $44 million for the year ended December 31, 2022, have been reflected as Special Items.