{"filing":{"accession_number":"0001193125-26-339048","cik":"0001673358","ticker":"YUMC","company_name":"Yum China Holdings, Inc.","form":"8-K","filing_date":"2026-08-07","report_date":"2026-08-07","primary_document":"yumc-20260807.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526339048/yumc-20260807.htm"},"events":[{"id":26117,"run_id":23719,"accession_number":"0001193125-26-339048","anchor_item_number":"2.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.97,"summary":"Yum China completed the acquisition of ownership of the Pizza Hut brand in Mainland China from Yum! Brands for US$1.2 billion on August 7, 2026. The transaction includes an Amended and Restated KFC/TB Master License Agreement and related Guaranty, and is expected to be accretive to EPS with margin improvements and accelerated store expansion.","company_name":"Yum China Holdings, Inc.","ticker":"YUMC","filing_date":"2026-08-07","form":"8-K","submitted_at":null,"items":[{"id":27139,"accession_number":"0001193125-26-339048","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"This Item 1.01 discloses the completion of a material acquisition: Yum China acquired ownership of the Pizza Hut brand in Mainland China from Yum! Brands for US$1.2 billion, closing on August 7, 2026. The filing also documents the Amended and Restated KFC/TB Master License Agreement and related Guaranty executed at closing. The acquisition is explicitly material—it is a major strategic transaction involving a $1.2 billion purchase price, expected to be accretive to EPS and to accelerate Pizza Hut expansion, and represents a fundamental change in Yum China's brand ownership structure after 36 years of operating Pizza Hut under license.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-09T03:07:51.076708+00:00","company_name":"","ticker":null,"filing_date":""},{"id":27140,"accession_number":"0001193125-26-339048","item_number":"2.01","item_title":"Completion of Acquisition or Disposition of Assets.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Yum China completed the acquisition of ownership of the Pizza Hut brand in Mainland China from Yum! Brands for US$1.2 billion. This is a material acquisition disclosed under Item 2.01, representing a significant strategic transaction that will affect the company's operations, margins, and capital structure. The filing explicitly states the transaction was completed on August 7, 2026, and the press release details substantial expected benefits including margin improvements, EPS accretion, and accelerated store expansion plans.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-09T03:07:51.076708+00:00","company_name":"","ticker":null,"filing_date":""},{"id":27141,"accession_number":"0001193125-26-339048","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses completion of a material acquisition: Yum China acquired ownership of the Pizza Hut brand in Mainland China from Yum! Brands for US$1.2 billion, closing on August 7, 2026. The press release explicitly states \"Yum China Completes the Acquisition of Ownership of the Pizza Hut Brand in Mainland China\" and describes significant strategic and financial impacts including expected EPS accretion and margin improvements. This is a completed M\u0026A transaction material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-09T03:07:51.076708+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":27139,"accession_number":"0001193125-26-339048","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"This Item 1.01 discloses the completion of a material acquisition: Yum China acquired ownership of the Pizza Hut brand in Mainland China from Yum! Brands for US$1.2 billion, closing on August 7, 2026. The filing also documents the Amended and Restated KFC/TB Master License Agreement and related Guaranty executed at closing. The acquisition is explicitly material—it is a major strategic transaction involving a $1.2 billion purchase price, expected to be accretive to EPS and to accelerate Pizza Hut expansion, and represents a fundamental change in Yum China's brand ownership structure after 36 years of operating Pizza Hut under license.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-09T03:07:51.076708+00:00","company_name":"Yum China Holdings, Inc.","ticker":"YUMC","filing_date":"2026-08-07"},{"id":27140,"accession_number":"0001193125-26-339048","item_number":"2.01","item_title":"Completion of Acquisition or Disposition of Assets.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Yum China completed the acquisition of ownership of the Pizza Hut brand in Mainland China from Yum! Brands for US$1.2 billion. This is a material acquisition disclosed under Item 2.01, representing a significant strategic transaction that will affect the company's operations, margins, and capital structure. The filing explicitly states the transaction was completed on August 7, 2026, and the press release details substantial expected benefits including margin improvements, EPS accretion, and accelerated store expansion plans.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-09T03:07:51.076708+00:00","company_name":"Yum China Holdings, Inc.","ticker":"YUMC","filing_date":"2026-08-07"},{"id":27141,"accession_number":"0001193125-26-339048","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses completion of a material acquisition: Yum China acquired ownership of the Pizza Hut brand in Mainland China from Yum! Brands for US$1.2 billion, closing on August 7, 2026. The press release explicitly states \"Yum China Completes the Acquisition of Ownership of the Pizza Hut Brand in Mainland China\" and describes significant strategic and financial impacts including expected EPS accretion and margin improvements. This is a completed M\u0026A transaction material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-09T03:07:51.076708+00:00","company_name":"Yum China Holdings, Inc.","ticker":"YUMC","filing_date":"2026-08-07"}]}