Yum! Brandsreason 02 of 4a reason to hold, not a barrierderived 2026-09-08accession 0001041061-26-000160
Net cash provided by operating activities was $923 million in 2026 versus $850 million in 2025
With the anticipated net proceeds from the Pizza Hut transactions, we expect to pay down the current drawings on the Revolving Facility and the majority of the remainder will be set aside for share repurchases
In June 2026, our Board of Directors authorized incremental share repurchases of up to $4 billion through June 30, 2028
We expect to maintain our consolidated net leverage ratio at approximately 4.0x EBITDA over the medium term
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfive sentences · whole, uncut
the claims it rests on
“Net cash provided by operating activities was $923 million in 2026 versus $850 million in 2025”
“With the anticipated net proceeds from the Pizza Hut transactions, we expect to pay down the current drawings on the Revolving Facility and the majority of the remainder will be set aside for share repurchases”
“In June 2026, our Board of Directors authorized incremental share repurchases of up to $4 billion through June 30, 2028”
“We expect to maintain our consolidated net leverage ratio at approximately 4.0x EBITDA over the medium term”
what it was checked against
Pizza Hut sale agreements
“In June 2026, we entered into two definitive agreements to sell the Pizza Hut brand thereby completing this review (see Note 3 for discussion regarding the agreements).”