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.
KFC has launched its $5 Pot Pies nationwide, highlighting a comforting meal option as the post-holiday season begins. These Pot Pies feature KFC's famous fried chicken, vegetables, and savory sauce, all encased in a flaky crust. As a staple on the menu for nearly 30 years, the Pot Pies aim to provide value and satisfaction during a time when many consumers are budget-conscious. This limited-time offer is available for dine-in, online, and through their mobile app, allowing customers to bypass drive-thru lines.
Kentucky Fried Chicken is partnering with Blessings in a Backpack to deliver nearly 70,000 meals to families in need this holiday season. The initiative, termed KFC Sharemobile, will start on December 5 and make stops in Chicago, Orlando, and Houston, targeting areas facing food insecurity due to recent hardships. KFC has a longstanding relationship with Blessings in a Backpack, having donated nearly $1 million in recent years. This partnership aims to brighten the holidays for families facing difficulties across the U.S.
Yum! Brands, Inc. (NYSE: YUM) will host an Investor Day on December 13 at 8:00 a.m. ET at the New York Stock Exchange. The event will be available for live viewing via the Yum! Brands website at http://investors.yum.com/. Based in Louisville, Kentucky, Yum! Brands operates nearly 54,000 restaurants in over 155 countries and is a leader in the chicken, Mexican, and pizza market segments. In 2021, Yum! Brands was recognized on the Dow Jones Sustainability Index and named among America’s Most Responsible Companies by Newsweek.
Yum! Brands, Inc. (NYSE: YUM) has declared a quarterly dividend of $0.57 per share, scheduled for distribution on December 9, 2022. Shareholders on record as of November 25, 2022 will receive this dividend. The company operates a vast system of nearly 54,000 restaurants across over 155 countries under major brands including KFC, Taco Bell, Pizza Hut, and Habit Burger Grill. Yum! Brands has received recognition for its sustainability efforts, being listed in the Dow Jones Sustainability Index and ranked among America’s Most Responsible Companies.
Kentucky Fried Chicken (KFC) has launched special holiday offers, including the return of its $5 Famous Bowls and limited-edition holiday buckets. The Famous Bowls, featuring creamy mashed potatoes, crispy chicken, and gravy, are available for $5, with a combo option at $7.99. KFC's holiday bucket meals come with six free cookies with the purchase of a 12 or 16-piece meal. KFC aims to enhance festive gatherings with these budget-friendly options. These deals are available in-store, online, and through the KFC mobile app.
Yum! Brands reported a 10% increase in system sales for Q3 2022, excluding Russia, with a 5% same-store sales growth. Worldwide system sales rose 7%, and GAAP operating profit increased by 4%. GAAP EPS was $1.14, while EPS excluding Special Items was $1.09, impacted by a higher tax rate and foreign currency translation. The company opened 979 gross units, improving digital sales to approximately $6 billion. The Russia exit is ongoing, with significant adjustments to performance metrics, including a notable drop in operating profits due to the Russian market removal.
ParTech, Inc. (PAR) has introduced a new subscription feature for its loyalty software, Punchh, designed for enterprise restaurants and convenience stores. This innovation allows brands to manage subscription programs, capitalizing on the rapidly growing food and beverage subscription market, which is worth over $105 million annually. The feature enhances customer engagement through tailored offers and can lead to increased revenue and customer loyalty. Notably, major brands like Yum! Brands (YUM) and Casey’s (CASY) are already leveraging Punchh to boost their sales.
Pizza Hut has launched a new product called Pizza Hut Melts™, designed for individual consumption at a price of $6.99. This innovative handheld meal, featuring two slices of Thin N' Crispy crust with various toppings, is tailored for solo dining. Customers can choose from four recipes, including Pepperoni Lover's and Buffalo Chicken. To promote this product, Pizza Hut is offering a unique incentive: select guests can earn $100 if they agree not to share images of the Melts on social media through an MDA (Melts Disclosure Agreement) during the promotional period from October 18 to 30, 2022.
KFC has launched a new Buffalo Ranch dipping sauce across its U.S. outlets, combining classic Buffalo sauce with ranch for a unique flavor experience. This launch is celebrated with a partnership with Tinder, allowing users to participate in a quiz and enter a sweepstakes for a chance to win a Saucy Dream Date with VIP access to a Jack Harlow concert. KFC's new sauce is now a permanent addition to its menu, alongside other popular options like BBQ and Ranch. The Tinder Tenders meal bundle is also available exclusively on the KFC app and website.
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