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 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.
Pizza Hut is celebrating the 40th anniversary of its BOOK IT! program by offering one million free Personal Pan Pizzas during National Book Month in October. For the first time, this offer extends to readers of all ages with an $8 minimum purchase. The BOOK IT! program, launched in 1984, has encouraged millions of children to read and has now evolved to include digital reading logs and virtual classrooms.
Key highlights of the program include:
- Over 1.5 billion pizzas awarded to young readers since 1984
- 56 million Personal Pan Pizzas given away from 2013-2023
- Partnership with First Book impacting 391,000 children in Title 1 schools
Readers can use the code 'BOOKIT40' online or on the Pizza Hut app to redeem their free pizza. Additionally, Pizza Hut is offering a BOOK IT! Bundle, with a portion of proceeds supporting the program.
Pizza Hut Indonesia has announced a new collaboration with Voltron to install electric vehicle charging stations at selected restaurants. This initiative is part of the Pizza Hut Peduli 8P -- Renewable Energy program, demonstrating the company's commitment to sustainability and renewable energy solutions.
The partnership was formalized through an MoU Signing Ceremony attended by Boy Lukito, CEO of Pizza Hut Indonesia, Abdul Rahman Elly, Founder & CEO of Voltron Indonesia, and Hariyadi Kaimuddin, CEO of HAKA AUTO. The charging stations are currently in development and will be launched soon, aiming to make sustainable energy more accessible to the public.
This move aligns with Pizza Hut Indonesia's broader efforts to advance sustainability and promote positive change in the community. The company views this initiative as a significant step towards a greener future and encourages customers to stay tuned for further developments.
KFC's Hardship Assistance program has reached a significant milestone, providing over $2 million in aid to more than 1,000 KFC team members during times of need. The program offers support for unexpected events such as medical emergencies, natural disasters, and car accidents. KFC expresses gratitude to franchisees, restaurant employees, and donors who made this achievement possible.
The company emphasizes its commitment to offering assistance when it's most needed and encourages interested parties to learn more about the program at kfcfoundation.org/hardship. This initiative demonstrates Yum! Brands' dedication to supporting its workforce and contributing to employee welfare.
Pizza Hut Indonesia has implemented an innovative approach to ensure fresh ingredients in their dishes by utilizing dedicated greenhouses to cultivate vegetables. This initiative is part of their Corporate Social Responsibility (CSR) program called "Pizza Hut Peduli", which aims to support the welfare of farmers and Micro, Small Medium Enterprises.
The greenhouse project demonstrates Pizza Hut Indonesia's commitment to delivering fresh and delicious food while also contributing to local communities. By growing their own vegetables, the company can maintain better control over the quality and freshness of ingredients used in their menu items.
Habit Burger & Grill, in partnership with the Surfrider Foundation, conducted its 4th annual beach cleanup at Huntington Beach for Environmental Awareness Month. The event, led by the company's Social Purpose Team and corporate volunteers, resulted in the removal of 100 pounds of trash from the coastline. Stacy Hua, Sr. Manager of Insights & Analytics, emphasized the importance of fostering environmental responsibility through such initiatives.
Beyond the cleanup, Habit Burger & Grill demonstrates its commitment to sustainability through responsible sourcing practices. Over 97% of their paper-based packaging is responsibly sourced or recycled, a change expected to eliminate nearly 288,000 pounds of plastic waste annually in the U.S. The company encourages customers and community members to join in making environmentally conscious choices and supporting sustainability efforts.
Pizza Hut Vietnam, operated by Jardine Restaurant Group of Vietnam (JRGVN), has launched an eco-friendly hexagonal pizza box design using FSC-certified paper. This initiative has reduced plastic waste by over 6,000 kg annually. Other Pizza Hut packaging, including takeaway cups and salad boxes, also uses FSC-certified paper, contributing to forest conservation.
The FSC (Forest Stewardship Council) certification ensures sustainable forest management, balancing environmental protection, social benefits, and economic viability. By using FSC-certified packaging, Pizza Hut is effectively using natural resources, reducing over-exploitation of forests, and maintaining forest ecosystem balance. This practice also indirectly supports forest workers' livelihoods and prevents illegal logging.
JRGVN is committed to transparency and sustainable practices across all business operations, demonstrating dedication to customers and the environment.
Pizza Hut, a Yum! Brands company (YUM), is launching 'ResZAmes', an innovative offering to help job seekers stand out in the competitive New York City job market. This initiative, coinciding with the 'September Surge' hiring season, involves printing applicants' resumes directly on Pizza Hut's iconic pizza boxes and delivering them to corporate headquarters of the applicant's choice, free of charge.
The ResZAmes program aims to overcome the statistic that 75% of resumes sent are never read. Each ResZAme pizza box will be delivered with a medium-sized cheese pizza, making the resume hard to ignore. Job seekers can submit their resumes through the ResZAmes.com website until September 22, 2024. Pizza Hut will review submissions and select winners whose resumes will be delivered via custom ResZAme pizza boxes to their desired employers.
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