Item 2.02 Results of Operations and Financial Condition

On July 14, 2009, YUM! Brands, Inc. issued a press release announcing financial results for the quarter ended June 13, 2009. A copy of the press release is attached hereto as Exhibit 99.1.

Item 8.01 Other Events

On July 14, 2009, YUM! Brands, Inc. updated its full year 2009 guidance. A copy of the guidance is attached hereto as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

99.1 Press Release dated July 14, 2009 from YUM! Brands, Inc.

99.2 Guidance update dated July 14, 2009 from YUM! Brands, Inc.

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