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's 11 Herbs & Spices Firelog returns for the third consecutive holiday season, available for $15.88 at select Walmart locations and online. Produced in collaboration with Enviro-Log, this firelog is designed to fill homes with the scent of KFC's fried chicken. With past sellouts, demand is expected to be high again this season, prompting an expanded partnership with Walmart. New this year, the firelog will also be available in Canada. Free shipping over $35 and same-day store pickup options are offered for online orders.
Yum! Brands has appointed Lauren R. Hobart, President of DICK’S Sporting Goods, to its Board of Directors, effective November 12, 2020. Her extensive retail experience, particularly in digital transformation and e-commerce, is expected to strengthen Yum! Brands’ growth strategy. As Michael J. Cavanagh retires from the Board, Paget Alves will take over as Chair of the Audit Committee. Hobart's leadership background from PepsiCo and DICK’S highlights her capabilities in brand-building and operational strategy.
Kentucky Fried Chicken launched a new dipping sauce called KFC Sauce, designed to enhance its Extra Crispy™ Tenders. The sauce is tangy, sweet, and smoky, developed through customer feedback and 50 recipe iterations. Starting October 12, it will be available alongside the revamped classic sauces, including Classic Ranch, Honey BBQ, and Honey Mustard. KFC's Extra Crispy™ Tenders are ideal for dipping, elevating the sauce experience. To promote the new sauce, KFC has introduced creative 'KFCharcuterie' recipes, aimed at making at-home dining enjoyable.
Punchh announced a 25% average increase in customer loyalty spending since Q1 2020, aiding over 200 brands like El Pollo Loco and MOD Pizza to enhance customer engagement during the pandemic. The platform has driven significant sales growth; for instance, El Pollo Loco reported loyalty rewards accounting for 10% of sales, with a 7% year-to-date increase in member spending. Punchh also noted a 182% year-over-year lift in spend for Fazoli's, bolstered by a 28% rise in loyalty program sign-ups and the opening of 13 new locations.
Punchh has reported a significant 25% average increase in loyalty spending for its customers since Q1 2020, aiding over 200 enterprise brands during challenging times for physical retailers. Notable brands like El Pollo Loco and MOD Pizza have seen improvements in sales through enhanced customer engagement via Punchh's platform. El Pollo Loco notes that loyalty rewards accounted for 10% of their sales mix, while Fazoli's experienced a 182% year-over-year increase in spend during Q2. Punchh continues to support restaurants in navigating the impacts of the pandemic.
Punchh, a leader in customer loyalty solutions, reported an average 25% increase in loyalty spend for its clients since Q1 2020, aiding over 200 enterprise brands in boosting sales through targeted engagement. Clients like El Pollo Loco and MOD Pizza have benefitted, with loyalty purchases contributing 10% to sales and significant member spending growth year-to-date. Punchh's loyalty program and technology have proven essential for retailers navigating pandemic challenges, with notable success demonstrated by clients achieving up to 182% increase in YOY spend.
On Sept. 28, 2020, Pizza Hut announced a promotional offer featuring its iconic Original Pan Pizza for just $10.99, available with up to three toppings. This announcement celebrates the 40th anniversary of the Original Pan Pizza, which has been refined to feature a crispy crust and fluffy center. The deal is accessible for contactless delivery, carryout, or curbside pickup. Since March 2020, Pizza Hut has facilitated nearly 20 million contactless orders and gained millions of new customers through its Hut Rewards loyalty program.
Pizza Hut has launched the $10 Tastemaker, allowing customers to select any three toppings on a large pizza for just $10. This offer provides over 680 unique 3-topping combinations, making it a flexible and value-driven choice for pizza lovers. Additionally, customers can receive a limited-edition 22 1/3-month calendar featuring different pizza combos by ordering through the Pizza Hut app. Since March 2020, the brand has processed nearly 20 million contactless digital orders, enhancing customer engagement and convenience.
Kentucky Fried Chicken (KFC) has partnered with DoorDash to offer on-demand delivery of its products across the U.S. Starting September 8, customers can receive 12 free chicken tenders with select bucket meal purchases using promo code KFC12, valid until September 17. The partnership aims to enhance customer convenience by providing zero delivery fees from over 3,000 KFC locations. According to a DoorDash survey, 92% of chicken-eaters consider fried chicken their comfort food, making this collaboration timely as dining trends shift towards home delivery.
Pizza Hut and First Book unveiled 'Empowering Educators,' a resource initiative designed to aid educators in discussing race and racism in classrooms. This initiative was launched in response to a 2019 survey revealing that 66% of educators desired to address race but felt uncomfortable. The collection includes a guidebook, instructional videos, and book recommendations, available for free at www.firstbook.org/EmpoweringEducators. This project coincides with the appointment of Pizza Hut's first Chief Equity Officer, Chequan Lewis, emphasizing the company's commitment to educational equity.
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