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), parent company of KFC, Pizza Hut, Taco Bell, and Habit Burger Grill, operates one of the world's largest restaurant networks through its franchise-first model. This page serves as the definitive source for YUM-related news, offering investors and industry observers timely updates on financial performance, strategic initiatives, and market developments.
Key resources include quarterly earnings announcements, leadership updates, franchise expansion details, and innovation initiatives across its 55,000+ global locations. The curated news feed prioritizes material developments affecting YUM's position in the quick-service restaurant (QSR) sector while maintaining accessibility for both professional analysts and casual observers.
Users will find updates categorized by financial disclosures, brand-specific innovations, and global market entries. Content is rigorously verified to ensure alignment with SEC filing standards and corporate communications. Regular visitors can track YUM's progress in executing its multi-brand strategy focused on digital sales growth and franchisee partnerships.
Bookmark this page for streamlined access to Yum Brands' official communications and third-party analysis. Combine these updates with SEC filings and earnings call transcripts for comprehensive investment research.
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.
Taco Bell announces its 'Taco Swap' initiative, commencing on May 9, allowing customers in over 25 international markets to exchange ordinary meals for free tacos. This campaign aims to engage Gen Z consumers with the #ISeeATaco movement, building brand loyalty through interactive experiences. Previous campaigns, including Tacos IRL, resulted in record sales. Taco Bell aims to expand its appeal globally, offering local taco varieties such as the Crunchy Taco in the UK and India. This strategy aligns with their goal to enhance international brand presence.
