<SUBMISSION>
<ACCESSION-NUMBER>0001041061-04-000290
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20040909
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20040910
<DATE-OF-FILING-DATE-CHANGE>20040910
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>YUM BRANDS INC
<CIK>0001041061
<ASSIGNED-SIC>5812
<IRS-NUMBER>133951308
<STATE-OF-INCORPORATION>NC
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-13163
<FILM-NUMBER>041024833
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1441 GARDINER LANE
<CITY>LOUISVILLE
<STATE>KY
<ZIP>40213
<PHONE>5028748300
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1900 COLONEL SANDERS LANE
<CITY>LOUISVILLE
<STATE>KY
<ZIP>40213
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>TRICON GLOBAL RESTAURANTS INC
<DATE-CHANGED>19970627
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>GREAT AMERICAN RESTAURANT CO
<DATE-CHANGED>19970618
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8kp9sales.htm
<DESCRIPTION>FORM8K PERIOD 9 2004 SALES
<TEXT>
<HTML>
<head>
<title>Period 9 2004 sales release</title></head>
<BODY>

<HR SIZE=5 NOSHADE><BR><BR>

<p ALIGN=CENTER><b><FONT SIZE=4>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</font></b><BR>
<font size=3>Washington, D.C. 20549</font><BR><BR>
<font size=4><b>FORM 8-K</b><BR><BR>
CURRENT REPORT</FONT><BR><BR>
<font size=3><b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act
 of 1934<BR><BR>
Date of Report (Date of earliest event reported)</b><BR>
<b>September 9, 2004</b><BR><BR>
<b>Commission file number 1-13163</b></font><BR></p>

<HR SIZE=1 WIDTH=15% ALIGN=CENTER NOSHADE>

<p align=center><b><FONT SIZE=4>YUM! BRANDS, INC.</font></b><BR>
<font size=3>(Exact name of registrant as specified in its charter)</font><BR>
<BR>

<TABLE>
<TR VALIGN="BOTTOM">
     <TD align=center width=35%>North Carolina</Td>
<td width=40%>&nbsp;</td>
     <Td  align=center width=25%>13-3951308</Td></TR>
<TR VALIGN="TOP">
     <TD align=center><HR Size=1 noshade width=85%></TD>
<td>&nbsp;</td>
     <TD align=center><HR Size=1 noshade width=70%></TD></TR>
<TR VALIGN="TOP">
     <TD align=center>(State or other jurisdiction</TD>
<td>&nbsp;</td>
     <TD align=center>(IRS Employer</TD></TR>
<TR VALIGN="TOP">
     <TD align=center>of incorporation or organization)</TD>
<td>&nbsp;</td>
     <TD align=center>Identification No.)</TD></TR>
</TABLE><BR><BR>

<p align=center>1441 Gardiner Lane, Louisville, Kentucky&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40213<BR>
(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</p>

<BR>

<p align=center>Registrant&#146;s telephone number, including area code:&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;(502) 874-8300</p>

<BR>

<p align=center>Former name or former address, if changed since last report:
&nbsp;&nbsp;N/A</P>

<BR><BR>


<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:</P>

<P>[&nbsp;] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P>[&nbsp;] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P>[&nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-
     2(b))</P>

<P>[&nbsp;] Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-
     4(c))</P>



<HR SIZE=5 NOSHADE>
<BR><BR><BR>
<p>Section 8 - Other Events</p>



<blockquote>Item 8.01&nbsp;Other Events</blockquote>

<blockquote><blockquote>On September 9, 2004, YUM! Brands,  Inc.  reported Period 9 and  third-quarter  sales for its  International  and
         U.S. Businesses.  The Company also confirmed its earnings guidance for the third-quarter and full year 2004.</blockquote></blockquote>

<P> Section 9 - Financial Statements and Exhibits</P>

<blockquote>Item 9.01&nbsp;Financial Statements and Exhibits</blockquote>

<blockquote><blockquote>(c) Exhibits<BR>99.1&nbsp;&nbsp;Press Release dated September 9, 2004 from YUM! Brands, Inc.</blockquote></blockquote>



<BR><BR><BR>
<p align=center>2</P>
<HR SIZE=1 NOSHADE>
<BR><BR><BR>

<p ALIGN=CENTER><FONT SIZE=3>SIGNATURE</FONT></p>

<p align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the  requirements of the
Securities  Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.</p>


<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
<TD WIDTH="45%">&nbsp;</td>
<TD><U>YUM! BRANDS, INC.</u><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;(Registrant)<BR>
</TD></TR>
</TABLE>
<BR>
<BR><BR><BR>

<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
<TD WIDTH="45%">Date:&nbsp;&nbsp;September 10, 2004</td>
<TD><U>/s/&nbsp;&nbsp;&nbsp;&nbsp;Gregory N. Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><BR>
Senior Vice President and Controller<BR>
(Principal Accounting Officer)
</TD></TR>
</TABLE>
<BR><BR><BR><BR>

<p align=center>3</P>
<HR noshade>


<BR><BR><BR><BR><BR>


<P><B>Yum! Brands Inc. Reports Period 9 and Third-Quarter Sales for Its International and U.S. Businesses</B></P>

<P><B>Company Confirms Third-Quarter and Full-Year EPS</b></P>

<P><B>Louisville, Ky. - September 9, 2004</B> - Yum! Brands Inc. (NYSE: YUM) today reported estimated Period 9 International
system sales increased 11% prior to foreign currency conversion or 17% after conversion to U.S. dollars. Estimated U.S.
blended same-store sales at company restaurants increased 5% versus last year during the four-week period ended
September 4, 2004 (Period 9).</P>

<P><B><U>International System-Sales Growth (Estimated)</U></B></P>





<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="90%">
<TR VALIGN=Bottom>
     <TH COLSPAN=2></TH>
     <TH COLSPAN="1" ALIGN="CENTER">2004<BR>
Reported (U.S. $)<HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN="1" ALIGN="CENTER"></TH>
     <TH COLSPAN="1" ALIGN="CENTER">2004<BR>
Local Currency<HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN="1" ALIGN="CENTER"></TH>
     <TH COLSPAN="1" ALIGN="CENTER">Prior Year<BR>
Local Currency<HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="30%" ALIGN="LEFT">Period 9</TD>
     <TD WIDTH="10%" ALIGN="RIGHT">&nbsp;</TD>
     <TD WIDTH="14%" ALIGN="RIGHT">+17%</TD>
     <TD WIDTH="10%" ALIGN="RIGHT">&nbsp;</TD>
     <TD WIDTH="14%" ALIGN="RIGHT">+11%</TD>
     <TD WIDTH="10%" ALIGN="RIGHT">&nbsp;</TD>
     <TD WIDTH="10%" ALIGN="RIGHT">+7%</TD>
     <TD WIDTH="2%" ALIGN="RIGHT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Q3</TD><TD ALIGN="RIGHT">&nbsp;</TD>
     <TD ALIGN="RIGHT">+16%</TD><TD ALIGN="RIGHT">&nbsp;</TD>
     <TD ALIGN="RIGHT">+12%</TD><TD ALIGN="RIGHT">&nbsp;</TD>
     <TD ALIGN="RIGHT">+6%</TD><TD ALIGN="RIGHT">&nbsp;</TD></TR>
</TABLE>
<BR>



<p><b><u>U.S. Company Same-Store-Sales Growth (Estimated)</u></B></p>





<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=90%>
<TR VALIGN=Bottom>
     <TH COLSPAN=2></TH>
     <TH COLSPAN=1>2004<BR>
Period 9<HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=1></TH>
     <TH COLSPAN=1>Prior Year<BR>
Period 9<HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=1></TH>
     <TH COLSPAN=1>2004<BR>
Q3<HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=1></TH>
     <TH COLSPAN=1>Prior Year<BR>
Q3<HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=35% ALIGN=LEFT><b>U.S. BLENDED</B></TD>
     <TD WIDTH=6% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=8% ALIGN=RIGHT>+5%</TD>
        <TD WIDTH=6% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=8% ALIGN=RIGHT>Even</TD>
        <TD WIDTH=11% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=8% ALIGN=RIGHT>+4%</TD>
        <TD WIDTH=6% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=8% ALIGN=RIGHT>Even</TD>
        <TD WIDTH=4% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;Taco Bell</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+7%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+2%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+5%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+2%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;Pizza Hut</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+3%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+4%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+5%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+3%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;KFC</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+4%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>(6)%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>+2%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>(5)%</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
</TABLE>
<BR>



<!-- MARKER FORMAT-SHEET="Paragraph" FSL="Workstation" -->
<P>Dave Deno, Chief Financial Officer, said, &#147;We are very pleased with the continued
strength of our international division and the positive sales performance from all three
U.S. brands. As we noted in our second-quarter earnings release and conference call, we
expected strong sales performance to offset significant inflation in U.S. commodity
costs. As a result, we are comfortable that for the third quarter we will earn 60 cents
per share, which is in line with current consensus estimates and represents 11% growth.
For the full year, our EPS expectation remains at least $2.33, 13% growth, prior to
special items or at least $2.36 including special items.&#148;</P>

<!-- MARKER FORMAT-SHEET="Paragraph" FSL="Workstation" -->
<P>Sales results for Period 10 (the four-week period ending October 2, 2004, for the U.S.
businesses) will be released with the company's third-quarter earnings Tuesday, October
5, 2004, after the market's close.</P>
<!-- MARKER FORMAT-SHEET="Page Number" FSL="Workstation" -->

<BR><BR><BR>
<P ALIGN=center>&nbsp;</P>
<HR SIZE=1 NOSHADE>
<BR><BR><BR>



<!-- MARKER FORMAT-SHEET="Paragraph" FSL="Workstation" -->
<P><b>U.S. same-store sales</B> include only company restaurants that have been open one year or
more. U.S. blended same-store sales include KFC, Pizza Hut, and Taco Bell company-owned
restaurants only. U.S. same-store sales for Long John Silver's and A&amp;W Restaurants are
not included. U.S. franchise and systemwide same-store-sales results are reported
quarterly within the company's earnings release and include only KFC, Pizza Hut and Taco
Bell Restaurants.</P>

<!-- MARKER FORMAT-SHEET="Paragraph" FSL="Workstation" -->
<P><b>International system-sales growth</B> includes total sales from all international
restaurants regardless of ownership, including company-owned, franchise, license, and
unconsolidated-affiliate restaurants. Currently, there are more than 12,000 international
system restaurants in over 100 countries and territories outside the United States. Sales
of international franchise, unconsolidated-affiliate and license restaurants generate
franchise and license fees for the company (typically at a rate of 4% to 6% of sales).
Franchise, unconsolidated-affiliate and license restaurant sales are not included in the
company sales we present on our Consolidated Statements of Income in accordance with U.S.
GAAP; however, the fees are included in the company's revenues. We believe international
system-sales growth is useful to investors as a significant indicator of our company's
market share relative to competitors and the overall strength of our brands in the market
place. The international business period close is one period prior to the company's
period-end date to facilitate consolidated reporting. Please refer to the reporting
calendar posted on Yum! Brands' Web site at the following URL:
http://investors.yum.com/ireye/ir_site.zhtml?ticker=YUM&script=1000.</P>

<!-- MARKER FORMAT-SHEET="Paragraph" FSL="Workstation" -->
<P>This announcement contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements include those identified by such words as <I>may,
will, expect, project, anticipate, believe, plan</I> and other similar terminology. These &#147;forward-looking&#148; statements
reflect management's current expectations regarding future events and operating and
financial performance and are based on currently available data. However, actual results
are subject to future events and uncertainties, which could cause actual results to
differ from those projected in this announcement. Factors that can cause actual results
to differ materially include changes in global and local business, economic and political
conditions in the countries and territories where Yum! Brands operates, including the
effects of war and terrorist activities; changes in currency exchange and interest rates;
changes in commodity, labor and other operating costs; changes in competition in the food
industry, consumer preferences, spending patterns and demographic trends; the impact that
any widespread illness or general health concern may have on our business and the economy
of the countries in which we operate; the effectiveness of our operating initiatives and
advertising and promotional efforts; new-product and concept development by Yum! Brands
and other food-industry competitors; the success of our refranchising strategy; the
ongoing business viability of our franchise and license operators; our ability to secure
alternative distribution to our restaurants at competitive rates and to ensure adequate
supplies of restaurant products and equipment in our stores; publicity that may impact
our business and/or industry; severe weather conditions; effects and outcomes of legal
claims involving the company; changes in effective tax rates; our actuarially determined
casualty loss estimates; changes in legislation and governmental regulations; and changes
in accounting policies and practices. Further information about factors that could affect
Yum! Brands' financial and other results are included in the company's Forms 10-Q and
10-K, filed with the Securities and Exchange Commission.</P>

<!-- MARKER FORMAT-SHEET="Paragraph" FSL="Workstation" -->
<P>Yum! Brands Inc., based in Louisville, Kentucky, is the world's largest restaurant
company in terms of system restaurants with more than 33,000 restaurants in more than 100
countries and territories. Four of the company's restaurant brands - KFC, Pizza Hut, Taco
Bell and Long John Silver's - are the global leaders of the chicken, pizza, Mexican-style
food and quick-service seafood categories respectively. Yum! Brands is the worldwide
leader in multibranding, which offers consumers more choice and convenience at one
restaurant location from a combination of KFC, Taco Bell, Pizza Hut, A&amp;W or Long John
Silver's brands. The company and its franchisees today operate over 2,500 multibrand
restaurants. Outside the United States in 2003, the Yum! Brands' system opened about
three new restaurants each day of the year, making it one of the fastest growing
retailers in the world. In 2002, the company changed its name to Yum! Brands Inc. from
Tricon Global Restaurants Inc. to reflect its expanding portfolio of brands and its
ticker symbol on the New York Stock Exchange. For the past two years, the company was
recognized in <I>Fortune Magazine's</I> top 50 &#147;Best Companies for Minorities,&#148; claiming the
number-one spot for &#147;managerial diversity.&#148;</P>



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