Welcome to our dedicated page for Yum! Brands news (Ticker: YUM), a resource for investors and traders seeking the latest updates and insights on Yum! Brands stock.
Yum! Brands, Inc. (NYSE: YUM) is the world's largest restaurant company, boasting a portfolio that includes renowned brands such as KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill. With over 39,000 restaurants in more than 130 countries and territories, Yum! Brands serves millions of customers globally and employs over 1 million associates.
Founded as a division of PepsiCo and formerly known as Tricon, Yum! Brands generates significant revenue primarily through franchise royalties and marketing contributions. This business model has proved successful, with the company achieving $64 billion in systemwide sales in 2023. Yum! Brands is 98% franchised, with Yum China, its largest franchisee, spun out in 2016. Despite this separation, Yum China continues to pay 3% royalties to Yum! Brands.
Yum! Brands is an industry leader in the fast-food sector, with KFC specializing in chicken, Pizza Hut in pizza, Taco Bell in Mexican-style food, and The Habit Burger Grill in burgers. The company is second in global sales, trailing only McDonald's but surpassing Restaurant Brands International and Starbucks. As of year-end 2023, KFC operated 29,900 units, Pizza Hut 19,866 units, Taco Bell 8,564 units, and The Habit Burger Grill 381 units.
Known for its unique corporate culture, Yum! Brands emphasizes fun, recognition, and career development. The company invests heavily in its workforce to maximize their career potential, creating a diverse and inclusive environment where employees can thrive both personally and professionally.
Yum! Brands is also at the forefront of technological innovation in the fast-food industry. Led by Joe Park, the Chief Digital and Technology Officer, the company is leveraging artificial intelligence to transform its operations across all brands. By 2024, about 45% of Yum!'s sales were digital, highlighting a significant shift from traditional sales channels.
On the product front, Yum! Brands continuously innovates to meet consumer demands. For example, Pizza Hut recently introduced the Cheeseburger Melt, a unique fusion of pizza and burger elements, while KFC launched new Saucy Nuggets flavors for a limited time. Taco Bell, through its Live Más Scholarship program, is also investing in the future success of young people by awarding $10 million in scholarships in 2024.
Yum! Brands is not just about food; it's about community engagement and social responsibility. The company is involved in numerous initiatives, such as KFC’s Add Hope program in South Africa, which supports children's education and well-being.
Overall, Yum! Brands, Inc. stands out for its extensive global reach, innovative approach to technology and food, and commitment to a positive workplace culture and community impact.
Pizza Hut held its annual global pizza-making competition in Dubai, where teams from 12 countries competed to make the best Pan and Stuffed Crust pizzas. The Bahrain team was crowned the 2024 Global Pizza Hut Champion, winning a 'Global Gold Pan' trophy and a $3,000 cash prize. The competition, featuring restaurant general managers and team members from across Pizza Hut's 110-country network, tested participants' speed, precision, and cutting techniques. Additionally, the event included a 'Make Table Magic' innovation contest, won by Korea's Dakgalbi Pizza, and a 'Winning Recipe' cheer competition.
Pizza Hut launches its first-ever Tomato Wine, a -edition beverage crafted from ripe tomatoes and infused with basil, in partnership with Irvine's Just Beyond Paradise Winery. The wine, priced at $25 (minimum two bottles), is available alongside a gift set ($60) including branded wine glasses and opener.
Simultaneously, Pizza Hut reintroduces its Triple Treat Box starting at $19.99, featuring two medium one-topping pizzas, breadsticks or cheese sticks, and dessert in a holiday-themed box. Both offerings aim to enhance holiday gatherings and provide unique gifting options.
Pizza Hut has partnered with Smurfit Westrock to promote pizza box recycling awareness in Louisville, Kentucky. Research shows that pizza boxes, including those with grease, are recyclable where infrastructure permits, with approximately 75% of U.S. residents having access to pizza box recycling. The company's boxes contain at least 35% recycled content, and they're working to educate consumers about recycling possibilities. With over 3 billion pizza boxes consumed annually in the U.S., this initiative aims to improve packaging circularity through collaboration between consumers, manufacturers, brands, and communities.
Yum! Brands (NYSE: YUM) reported Q3 2024 results with worldwide system sales growing 1% and unit growth of 5%. Taco Bell U.S. achieved 4% same-store sales growth, while KFC International expanded units by 9%. Third-quarter GAAP EPS was $1.35, while EPS excluding Special Items was $1.37. Digital sales exceeded $8 billion, representing over 50% of total sales. The company opened 1,029 gross new units across its brands, with KFC Division opening 685 restaurants across 65 countries. However, same-store sales declined 4% at KFC and Pizza Hut, while Taco Bell maintained positive growth.
Yum! Brands (NYSE: YUM) has scheduled its Q3 2024 earnings release for Tuesday, November 5, 2024, at 7:00 a.m. ET, followed by a conference call at 7:45 a.m. ET. The company operates over 60,000 restaurants across more than 155 countries under the KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill brands. The earnings call will be accessible via webcast and telephone, with playback available through November 12, 2024. The Q&A session will be to analysts only.
KFC and Hatch have partnered to create a unique sleep-inducing sound called 'Kentucky Fried Chicken Rain', inspired by the similarity between frying chicken and rainfall. This custom sound is now available on Hatch Restore 2 smart sleep devices with a Hatch+ premium content subscription, as well as on YouTube and Spotify.
The collaboration includes:
- A new content channel on Hatch+ featuring the sound of frying KFC's new Original Recipe® Tenders
- Behind-the-scenes content from Hatch's visit to KFC's test kitchen
- Co-branded products, including a Hatch x KFC Sleep Shirt
- Special discount on Hatch Restore 2 devices for KFC Rewards members
KFC also introduced its new Original Recipe® Tenders nationwide on Oct. 14, offering a $5 meal deal with three tenders, fries, and two signature sauces.
Pizza Hut is launching the 'Personal Pan Pizza Hut', a new -time restaurant experience exclusively serving personalized Personal Pan Pizzas. This concept allows guests to customize their 6-inch pizzas with Pizza Hut's newest modern toppings, including Pesto Swirl, Spicy Sauce, Chicken Sausage, Fresh Diced Garlic, and Caramelized Onion. The Personal Pan Pizza Hut will be open for two days only in the New York City area on October 22-23, 2024.
Reservations can be made starting October 17 at 12pm ET through a provided link. The initiative celebrates National Pizza Month and showcases Pizza Hut's biggest toppings transformation in over a decade. This unique dining experience aims to blend fan-favorite Pizza Hut designs with a modern twist, allowing guests to be the star of their own personal pizza journey.
KFC has launched new Original Recipe® Tenders, double hand-breaded with their secret blend of 11 herbs and spices. The company is offering a $5 Original Recipe Tenders Box nationwide, which includes three tenders, Secret Recipe Fries, and two signature sauces. KFC has introduced a new Comeback Sauce alongside existing Sticky Chicky and KFC® Sauce options.
To promote the new tenders, KFC is running an ad campaign and offering free samples in select cities. The company is also introducing Cherry Pie Poppers and Cranberry Lemonade as new menu items. Additional deals include a Tenders + Nuggets Family Meal Deal for $24.99 and a 13-day promotion with daily deals for KFC Rewards members from October 19 to October 31.
Yum! Brands, Inc. (NYSE:YUM) has released its annual Global Citizenship & Sustainability Report, highlighting progress in reducing carbon emissions, improving packaging, and removing barriers. The company's Good Growth strategy focuses on People, Food, and Planet priorities. Key achievements include:
People: 44% of global corporate leadership roles held by women in 2023, up from 33% in 2018. Over 7,100 managers completed the Heartstyles leadership program. $71 million committed to community impact programs.
Food: Over 70% of suppliers achieved Global Food Safety Initiative Certification. Sourced over 90% cage-free eggs for 25,000 restaurants. Endorsed Antimicrobial Use Stewardship Principles in Poultry.
Planet: On track to achieve 2030 emission reduction goals. KFC Europe committed to 100% sustainable soy by 2025. Pizza Hut decreased milk-related emissions by 10%. Taco Bell expanded recycling program with TerraCycle.
Jamie Harrison, a restaurant industry veteran with 30 years of experience, has been appointed as the new VP of Human Resources for Taco Bell. Harrison, who started as a frontline worker and previously served as Pizza Hut's chief people officer, is now focused on enhancing the team member experience for Taco Bell's 260,000 employees. Her transition to Taco Bell in May 2024 was driven by her admiration for the brand's rebellious and creative spirit. Harrison's primary goal is to unlock opportunities for employees and perfect the overall team member experience, drawing from her extensive background in the restaurant industry.
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