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.
News and press releases about Yum! Brands, Inc. (NYSE: YUM) highlight developments across its portfolio of KFC, Taco Bell, Pizza Hut and Habit Burger & Grill restaurants. The company and its subsidiaries regularly issue updates on menu promotions, seasonal offerings, marketing collaborations, financial results and corporate initiatives that affect the global system of over 62,000 restaurants in more than 155 countries and territories.
Recent announcements from Yum! Brands and its concepts include detailed campaigns from KFC and Pizza Hut, such as new value lineups, limited-time bundles and holiday-themed promotions. These releases describe how brands like KFC and Pizza Hut introduce offerings tied to occasions such as New Year’s Eve, the holiday season and the start of the year, often emphasizing comfort, value and themed packaging or merchandise. Taco Bell and Habit Burger & Grill are also covered in divisional performance updates and broader corporate communications.
Yum! Brands also publishes corporate news from its Louisville, Kentucky base, including quarterly earnings results, dividend declarations and strategic updates. For example, the company has reported third-quarter financial results, system sales trends by division and the initiation of a review of strategic options for the Pizza Hut brand. In addition, Yum! Brands has released a food trends report through its internal strategy agency, Collider Lab, describing cultural and consumer shifts in dining and how people use food experiences.
Investors and followers of YUM news can use this page to review company-issued information on promotions at KFC, Taco Bell, Pizza Hut and Habit Burger & Grill, as well as financial and governance disclosures from Yum! Brands, Inc. Bookmark this feed to access a consolidated view of brand-level campaigns, corporate strategy updates and other official communications related to the Yum! system.
The KFC Foundation is awarding $1 million in grants to 100 community-based non-profit organizations this year. In the current cycle, $260,000 will fund projects aimed at improving health and well-being across 19 different states. Notable recipients include:
1. Count Basie Center for the Arts (NJ): Establishing a barrier-free dance studio
2. Neighbor Up Brevard (FL): Installing a new playground and refurbishing a basketball court
3. Treehouse Therapies (OR): Transforming a small farm into a pediatric therapy clinic
4. Turnstone Center (IN): Renovating an adaptive playground and creating an outdoor learning classroom
The next grant cycle, focusing on caring for the environment and animals, will run from September 16-30. Non-profit organizations can apply at kfcfoundation.org/wishes.
Yum! Brands, parent company of KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill, has donated over 215 million pounds of food to more than 5,000 charity partners in 25+ countries since 1992. This initiative, known as Harvest, was started by Pizza Hut and is run by Food Donation Connection (FDC). The program not only feeds those in need but also reduces landfill waste and carbon emissions.
Key highlights include:
- KFC's 25th anniversary with Harvest in the US
- KFC UK's partnership with Fareshare, providing 1 million meals in 3 years
- Positive impact on employee retention and community engagement
- Goal to double food donations from test kitchens in 2024
Yum! Brands aims to continue leading in the food donation space, addressing hunger issues and climate change while providing purpose to team members.
KFC has announced a partnership with Plan International to support youth employability on International Youth Day. The collaboration aims to empower young people, especially girls and persons with disabilities, to pursue their professional dreams through tailored training and resources. The partnership has four key objectives:
- Providing pathways for decent work
- Developing market-driven skills
- Fostering an authentic work environment
- Promoting positive social norms about youth as economic actors
KFC will contribute to Plan International's Skills & Work Fund, co-develop best practice guides, and offer corporate office experiences. This initiative builds on KFC's existing youth employability efforts in Thailand and the UK, including the Bucket Search program and the Hatch employability program.
KFC is expanding its $5 Value Menu with new Taste of KFC Deals, offering customers more affordable options. The menu now includes:
- NEW: 8 Original Recipe Chicken Nuggets with fries and 2 sauces
- NEW: Famous Bowl with Chicken Nuggets
- Two-Piece Drum & Thigh meal
KFC continues to offer the $10 Tuesdays deal (8 pieces of chicken) and the $20 Family Deal. New digital-exclusive offers include a 40-Piece Saucy Nuggets Party Pack for $19.99, Sandwich + Nuggets Meal for Two at $15, and Five-Piece Chicken on the Bone Meal for Two at $15. Additionally, customers can enjoy 50% off Chicken Sandwiches and FREE DELIVERY on Thursdays during football season when ordering through KFC.com or the KFC app.
KFC is launching three new Saucy Nuggets flavors starting August 12, 2024: Honey Garlic, Chipotle Ranch, and Mango Habanero. These join the existing Korean BBQ and Honey BBQ flavors. To promote the new sauces, KFC is introducing a 'Sauce Serve Truck' that will tour three U.S. cities, offering free nugget samples and merchandise.
KFC is also offering several deals, including 10 Saucy Nuggets for $5.99, free 10-piece Saucy Nuggets with a $10+ digital purchase, and a 40-piece Saucy Nuggets Party Pack for $19.99 as a digital exclusive. The company aims to strengthen its position in the competitive sauce market, emphasizing its 100% white meat nuggets hand-breaded with KFC's Original Recipe.
Yum! Brands (NYSE: YUM) reported second-quarter results for the period ended June 30, 2024. Highlights include:
- Worldwide system sales grew 3% excluding foreign currency translation
- GAAP operating profit increased 6%, while core operating profit rose 10%
- GAAP EPS was $1.28, and EPS excluding Special Items was $1.35
- Taco Bell saw 5% same-store sales growth and 7% system sales growth
- KFC achieved 8% unit growth and 2% system sales growth
- Pizza Hut had flat system sales growth
The company opened 894 gross new units, increasing its total unit count by 5%. Digital sales reached nearly $8 billion, representing over 50% of total sales. Yum! Brands continues to expect at least 8% core operating profit growth for the year.
Yum! Brands (NYSE: YUM) highlights Kaitlyn Yocum, CPA, in their #LifeatYUM series, showcasing the company's culture and talent. Kaitlyn, a manager of investor relations, joined Yum! in 2018 after five years in public accounting. She transitioned from Internal Audit to Investor Relations through a short-term assignment, gaining valuable experience in earnings preparation and leadership briefings.
The Investor Relations team at Yum! works closely with leadership on strategic business direction, preparing for earnings calls, shareholder conferences, and investor presentations. Yum! Brands is currently seeking an Associate Manager of Investor Relations to join Kaitlyn's team in Louisville, KY.
Yum! Brands (NYSE: YUM) is expanding Voice AI technology across Taco Bell drive-thru locations in the U.S., aiming to reach hundreds of stores by the end of 2024. The company plans to implement this technology globally in the future. Currently deployed in over 100 Taco Bell U.S. drive-thrus across 13 states, the Voice AI system is designed to:
- Enhance back-of-house operations
- Improve order accuracy
- Reduce wait times
- Drive profitable growth
The technology integrates with Taco Bell's digital menu boards, Yum! Brands' Poseidon POS system, and the upcoming Taco Bell Rewards loyalty program. In 2023, Yum!'s digital sales approached $30 billion, with over 50% of sales coming through digital channels in Q1 2024.
Taco Bell, a Yum! Brands company (NYSE: YUM), recently celebrated its Golden Bell 2024 event in Hawaii. This exclusive gathering honored over 200 of the Best of the Best Restaurant General Managers and Area Coaches from around the world. The event showcased Taco Bell's commitment to recognizing exceptional talent within its global network.
While the company plans to share more individual success stories throughout the year, they have released a video recap of the Golden Bell celebration. This initiative highlights Taco Bell's focus on employee recognition and retention strategies in the competitive fast-food industry.
The press release also notes that job opportunities are available at both corporate and franchised Taco Bell locations, emphasizing the brand's ongoing growth and employment prospects.
KFC has significantly expanded its commitment to support refugees through employment and community integration initiatives. Key highlights include:
1. Increased hiring goal from 300 to over 2,500 refugees by 2026 in the Pan-European region.
2. Successfully welcomed 885+ refugees to KFC teams across Europe within the first year.
3. Expanded support beyond employment, partnering with local NGOs to provide mentorship and cultural inclusion assistance.
4. KFC teams in 14+ countries are actively working to make communities more welcoming for refugee team members, customers, and neighbors.
This initiative demonstrates KFC's commitment to social responsibility and creating inclusive work environments for refugees in their new communities.
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