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 launches the BOOK IT! Bundle, available until December 31, 2022, where each purchase donates $1.00 to First Book, promoting literacy. The bundle includes 2 large pizzas and breadsticks, with a free retro BOOK IT! t-shirt offered to the first 20,000 online buyers until January 18, 2022. This initiative supports the iconic BOOK IT! program, benefiting children's literacy. Pizza Hut has committed to educational equity, impacting over 65 million students since its inception.
Kentucky Fried Chicken and Beyond Meat are launching the highly-anticipated plant-based Beyond Fried Chicken nationwide on January 10, 2022. This collaboration marks a significant milestone in the fast-food sector, as KFC was the first major QSR to introduce plant-based chicken, starting with tests in August 2019. Customers can enjoy this new offering with various dipping sauces, available in combo meals or à la carte, starting at $6.99. The product is designed to provide the iconic KFC flavor in a plant-based format. Orders can be placed via KFC's app for quick pick-up.
NIMBUS has announced a significant partnership between KFC and Grammy-nominated rapper Jack Harlow, aimed at attracting a younger and more diverse audience. This year-long collaboration enhances menu innovation and offers unique experiences for fans, starting with a food truck event in Louisville on December 13. The partnership focuses on cultural representation and storytelling, emphasizing KFC's commitment to engaging with key demographics. The creative framework was developed by NIMBUS in collaboration with Latinx production company Famous After Death, highlighting inclusivity in marketing efforts.
KFC has reintroduced its popular 11 Herbs & Spices Firelog, now available at Walmart for $15.88. This year, KFC enhances the experience by offering a chance to win a unique KFC Firelog Cabin getaway, a three-day stay for up to eight people in a luxury cabin in Kentucky. The promotion runs from December 7 to December 31, 2021, allowing participants to enter by purchasing the firelog or through the KFC app. The cabin features themed decor and a gourmet dinner prepared by KFC's Head Chef Chris Scott, featuring a five-course meal centered around KFC's signature dishes.
KFC has partnered with Capital City to introduce the famous Sweet Hot Capital City® mambo sauce at select KFC restaurants in Washington, D.C., Dallas, and Atlanta starting December 6, 2021. This limited-time offering aims to bring the unique flavor of this beloved D.C. condiment to a wider audience. Capital City, founded by Arsha Jones, is a Black woman-owned business known for preserving the rich legacy of mambo sauce, a staple of local cuisine. Customers can enjoy the sauce with various KFC meal options and add it to any menu item.
KFC has announced a charitable initiative to combat hunger by donating $1 for each KFC Chicken Sandwich sold on Giving Tuesday, November 30, 2021. The donation will benefit Blessings in a Backpack, aiming to provide weekend meals for children in need. KFC will guarantee a minimum donation of $250,000, with a maximum cap of $300,000. This campaign encourages competitors to join in the effort against hunger. KFC has partnered with Blessings in a Backpack since 2017, donating over $400,000 during the pandemic and distributing millions of meals.
Yum! Brands, Inc. (NYSE: YUM) is set to participate in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2021, with CFO Chris Turner hosting a fireside chat at approximately 8:45 a.m. ET. The event will be webcast live and accessible via the Yum! Brands website. Headquartered in Louisville, Kentucky, the company operates over 52,000 restaurants across more than 150 countries, featuring brands like KFC, Pizza Hut, and Taco Bell. Yum! Brands is recognized for its commitment to gender equality and sustainability.
Pizza Hut has launched its new holiday Hut Shop collection, offering limited-edition gifts for pizza lovers. The collection includes matching pajamas for families ($39.99), a Matchbox Pizza Hut playset for kids ($8.99), and adult-themed wine and rocks glasses ($19.99 each). Additionally, Pizza Hut is featuring its popular Triple Treat Box, which contains two medium pizzas, five breadsticks, and ten Cinnabon Mini Rolls, starting at $22.99. These festive offerings aim to enhance holiday celebrations.
Kentucky Fried Chicken (KFC) has launched a new service called Quick Pick-Up to combat increasing drive-thru wait times, now averaging over 6 minutes. This initiative allows customers to order ahead via the KFC app or KFC.com, park in a designated spot, and pick up their meals without waiting. The service is currently available at participating locations nationwide, accompanied by promotional offers until December 27.
Yum! Brands, Inc. (NYSE: YUM) announced a quarterly dividend of $0.50 per share, scheduled for distribution on December 10, 2021. Shareholders of record as of November 26, 2021 will receive this payment. Based in
FAQ
What is the current stock price of Yum! Brands (YUM)?
What is the market cap of Yum! Brands (YUM)?
What does Yum! Brands, Inc. do?
How many restaurants does Yum! Brands, Inc. have?
What makes Yum! Brands a unique workplace?
How does Yum! Brands generate its revenue?
What recent technological advancements has Yum! Brands made?
What are some of Yum! Brands' recent product innovations?
How does Yum! Brands contribute to community and social responsibility?
What is Yum! Brands' global market position?
How did Yum China become a separate entity from Yum! Brands?
What impact does Yum! Brands have on the digital sales front?
