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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.
Yum! Brands, Inc. (NYSE: YUM) has declared a quarterly dividend of $0.57 per share, set to be distributed on September 9, 2022. Shareholders recorded by the close of business on August 29, 2022 will receive this dividend. The company operates over 53,000 restaurants globally under brands like KFC, Taco Bell, Pizza Hut, and Habit Burger Grill. Yum! Brands is recognized for its leadership in the food industry, being listed on the 2021 Dow Jones Sustainability Index and 3BL Media’s 100 Best Corporate Citizens.
Yum! Brands, Inc. (NYSE: YUM) has appointed Allyson Park as the new Chief Corporate Affairs Officer, effective August 15, 2022. Park, with over 25 years of experience in strategic communications and government relations, will oversee the company’s Communications, Public Policy, Corporate Social Responsibility, and ESG teams. Previously, she was Global VP at Mars, Incorporated, managing corporate affairs across 180 countries. Yum! Brands emphasizes its culture and business model's resilience, aiming for continued global growth.
Yum! Brands, Inc. reported a 3% increase in worldwide system sales for Q2 2022, excluding foreign currency translation. Same-store sales grew by 1%, with Taco Bell leading at 10%. Despite these gains, GAAP EPS fell 40% year-over-year to $0.77, and EPS excluding special items decreased by 9% to $1.05. The exit from Russia negatively impacted unit counts, showing a decline of 702 units during the quarter. Digital sales reached nearly $6 billion, demonstrating strong growth and resilience amid challenging conditions.
On July 28, 2022, Pizza Hut announced the launch of its new Oven-Baked Pastas, a significant menu refresh since 2003. The line includes four recipes: Chicken Alfredo, Italian Meats, Cheesy Alfredo, and Veggie, priced from $8.99. This innovation features premium ingredients and savory sauces, enhancing their pasta offerings. Customers can also opt for 'Family Pasta Pairs' starting at $13.99. Pizza Hut aims to attract both pizza and pasta lovers while replacing the existing Tuscani pasta line nationwide.
KFC has reintroduced its popular Mac & Cheese Bowls at a price of $5, available exclusively through the KFC mobile app and KFC.com starting July 11, 2022, and in restaurants nationwide from July 18, 2022. This fan-favorite item features creamy cheddar mac & cheese topped with crispy popcorn chicken and a three-cheese blend. A Spicy option is also available. Customers can enjoy free delivery from July 4 to July 24 at participating locations when ordering through the app or website.
Kentucky Fried Chicken (KFC) has appointed Tarun Lal as the new President of KFC U.S., effective July 15, 2022. Lal, a 25-year veteran of the KFC brand, previously held roles as Managing Director for KFC in various regions, including the Middle East and Africa. Under his leadership, KFC Africa experienced significant growth and successful brand expansions. He succeeds Kevin Hochman, who left the position earlier this month. Lal is also recognized for his advocacy of gender equity in leadership roles.
KFC has launched a unique eating utensil called the KFC Finger Spork, available for free with the purchase of a KFC Sides Lovers Meal from June 21 to July 12, 2022. This innovative spork aims to enhance the enjoyment of KFC's side dishes and complements their family-oriented meal offerings. The Sides Lovers Meal features eight pieces of fried chicken or Extra Crispy Tenders, three large sides, and four biscuits. The promotion emphasizes convenience with online ordering options, appealing to millennial parents seeking fun dining experiences.
Yum! Brands, Inc. (NYSE: YUM) has declared a quarterly dividend of $0.57 per share, set to be paid on June 10, 2022. Shareholders of record as of May 30, 2022 will receive this payment. Based in Louisville, Kentucky, Yum! Brands operates over 54,000 restaurants globally, including well-known brands such as KFC, Taco Bell, and Pizza Hut. The company was recognized in the Dow Jones Sustainability Index North America and ranked among Newsweek’s Most Responsible Companies in 2021.
Kentucky Fried Chicken (KFC) announced the immediate departure of Kevin Hochman as President of KFC U.S. to take a senior position at another public company. Dyke Shipp, KFC Division President, will manage KFC U.S. temporarily until a new president is appointed. KFC CEO Sabir Sami praised Hochman for his leadership while expressing confidence in Shipp's ability to maintain KFC's growth and culture. Shipp brings over 30 years of experience with Yum. Brands, focusing on KFC's global development and people strategies.
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