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.
Yum! Brands, Inc. (NYSE: YUM) promotes Tracy Skeans to Chief Operating Officer, solidifying her role in enhancing operational execution and customer experience. Skeans, with 20 years at the company, retains her position as Chief People Officer and will report to CEO David Gibbs. Her leadership is expected to drive same-store sales and unit growth. Skeans has previously led significant transformations, such as the company's shift to a franchisor model and initiatives during the COVID-19 pandemic. Yum! Brands operates over 50,000 restaurants globally across its major brands, including KFC and Taco Bell.
Yum! Brands, Inc. (NYSE: YUM) has declared a $0.50 per share dividend, scheduled for distribution on March 12, 2021, to shareholders of record as of February 12, 2021. Headquartered in Louisville, Kentucky, Yum! operates over 50,000 restaurants globally, featuring brands like KFC, Pizza Hut, and Taco Bell. The company has been recognized for its commitment to sustainability, earning a spot on the Dow Jones Sustainability Index and being included in the 2021 Bloomberg Gender-Index.
Pizza Hut has launched its all-new Detroit-Style pizza nationwide, responding to growing customer demand. This innovative pizza features a rectangular shape, cheese extending to the edges for a crispy crust, and a special vine-ripened tomato sauce developed after extensive testing. Four recipes are available, including the 'Detroit Double Pepperoni' with 80 slices of pepperoni. Prices start at $10.99, varying by location. The launch marks a significant effort from Pizza Hut, which perfected the recipe after testing over 500 versions over the past year.
KFC has launched its new Chicken Sandwich, touted as the best ever, initially available in select markets and expanding to all U.S. locations by February. The sandwich features a quarter-pound, double-breaded chicken breast on a buttery brioche bun with thick pickles and a choice of mayo or spicy sauce. Testing in Orlando exceeded sales expectations, indicating strong demand. The sandwich is priced at $3.99 a la carte and $6.99 as a combo meal. This introduction aligns with KFC's strategy of innovating their menu, following the successful launch of Secret Recipe Fries.
Pizza Hut has launched the Triple Treat Box for the holiday season, featuring two medium one-topping pizzas, five breadsticks, and ten Cinnabon® Mini Rolls, all for $20.99. This festive meal solution is available at Pizza Hut locations nationwide, promoting contactless delivery options. Since March 2020, Pizza Hut has processed over 24 million contactless digital orders, enhancing customer engagement through its Hut Rewards loyalty program. The initiative aims to provide convenient dining options while ensuring safety during the busy holiday season.
Kentucky Fried Chicken® and Lifetime® have collaborated to launch a unique holiday mini-movie titled "A Recipe for Seduction," featuring Mario Lopez as Colonel Harland Sanders. This 15-minute film premieres on December 13, 2020, at 12 p.m. ET/PT. To celebrate, KFC offers an Uber Eats promotion where customers can receive six free extra crispy™ tenders with a $20 purchase from December 13 to 19. The film combines elements of romance, mystery, and humor, making it a fun holiday distraction aimed at enhancing the festive experience for viewers.
Pizza Hut, in collaboration with Gravity Blanket, has launched the limited-edition Original Pan Weighted Blanket, designed to replicate the comfort of its Original Pan Pizza. Weighing 15 pounds and measuring 72 inches in diameter, the blanket offers therapeutic benefits, promoting better sleep and reduced anxiety. Priced at $150, it provides a 25% discount compared to similar products. Since March 2020, Pizza Hut has also recorded over 24 million contactless digital orders, attracting millions of customers to its Hut Rewards loyalty program.
Yum! Brands, Inc. (NYSE: YUM) has declared a quarterly dividend of $0.47 per share, with payment scheduled for December 11, 2020. Shareholders registered by the close of business on November 25, 2020 will receive this dividend. The company, headquartered in Louisville, Kentucky, operates over 50,000 restaurants across more than 150 countries, primarily under the KFC, Pizza Hut, and Taco Bell brands. In 2020, Yum! Brands was recognized among the top 100 Best Corporate Citizens and included in the Dow Jones Sustainability North America Index.
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