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 India has launched a mandatory sign language training programme for all its employees, including corporate staff, as part of its Kshamata program. This initiative aims to bridge gender and ability gaps in the workplace. The company has set an ambitious goal to double its speech and hearing impaired workforce by 2026.
This move demonstrates KFC's commitment to creating a more inclusive work environment and expanding opportunities for individuals with disabilities. By implementing this training across all levels of the organization, KFC is taking a significant step towards improving communication and integration of speech and hearing impaired employees within its workforce.
Pizza Hut has launched 'ResZAmes', an innovative initiative to help job seekers stand out in the competitive New York City job market during the 'September Surge' hiring season. This unique offering prints applicants' resumes directly on Pizza Hut's iconic pizza boxes, which are then delivered with a free medium cheese pizza to corporate headquarters of the applicant's choice.
The campaign aims to bypass the traditional email application process, noting that 75% of emailed resumes are never read. Job seekers can submit their resumes through ResZAmes.com until September 22, 2024. Pizza Hut will select a number of submissions for this free service, delivering the resume-printed pizza boxes to potential employers in eligible NYC delivery zones.
PEPSI® launches the 'PEPSI Chase Cars' campaign to promote that pizza tastes #BetterWithPepsi. The brand is offering tens of thousands of FREE pizzas on DoorDash with the purchase of ANY Pepsi from Little Caesars, Papa Johns, Pizza Hut, and Marco's Pizza on September 13, 2024, from 4-10 p.m. ET.
The campaign features humorous stunt videos showing PEPSI Chase Cars ensuring pizza deliveries include a Pepsi. Customers who purchase Pepsi products in 2L or 20 oz. bottles can enjoy a free pizza with minimum order amounts ranging from $30 to $45, depending on the restaurant.
This initiative is part of Pepsi's #BetterWithPepsi platform, aiming to prove that all food, especially pizza, deserves to be paired with Pepsi for optimal enjoyment.
Yum! Brands' KFC, along with Starbucks, Dunkin' Donuts, and other major food chains, are participating in a three-month reusable cup pilot program in Petaluma, California. The initiative, involving 30 businesses, aims to test consumer acceptance and operational feasibility of reusable beverage containers. Participants have agreed to use standardized purple cups instead of their branded single-use options, making reusable the default choice. The trial, ending October 28, will collect data on return rates, patterns, and operational challenges. Over 60 return bins have been placed across the city for cup collection. This collaborative effort aligns with the brands' packaging sustainability goals, without affecting beverage pricing.
The Pizza Hut Foundation is accepting applications for its 2024 Scholarship Program until September 3. The program aims to support individuals aged 17-26 who demonstrate financial need, strong leadership, and community involvement. Eligible applicants must be enrolled in higher education for Spring 2025 and reside in the United States, Guam, or the District of Columbia. This initiative, sponsored by Yum! Brands (YUM), showcases the company's commitment to education and community support. Interested candidates are encouraged to apply promptly through the provided link.
Pizza Hut has launched the Moving Box Table, a specialty pizza box that transforms into a miniature table, addressing the common issue of eating pizza on the floor during moving day. This innovative solution comes after a survey revealed that 87% of Americans order pizza during a move, with 79% admitting to eating it on the floor.
The Moving Box Table features a red checkered corrugated structure that easily folds into a sturdy base, supporting the pizza box as a tabletop. It's available complimentary with orders of a large menu-priced pizza in select Pizza Hut restaurants in Dallas, Charlotte, and Orlando, starting August 27, 2024. This -edition offer is available while supplies last and for carryout orders only.
Yum! Brands has partnered with Evolve502 through its Unlocking Opportunity Initiative to provide tuition-free education and career readiness opportunities for Kentucky's teens. This collaboration aims to transform lives and create a brighter future for students in the state. The initiative is part of Yum!'s commitment to corporate social responsibility and community development. While specific details about the program's scope, funding, or expected impact are not provided in the press release, the partnership highlights Yum!'s efforts to support education and workforce development in its home state of Kentucky.
Monica Pool, Chief Marketing Officer at KFC U.K. & Ireland, shares her career journey in Yum! Brands' #HowIGotHere series. With a background in finance and economics, Monica's career spans from selling umbrella hats to leading marketing teams at KFC and Taco Bell. Her experiences growing up in apartheid South Africa and moving to London have shaped her leadership style, emphasizing connection, creativity, and inclusivity. Monica values work-life balance through meditation and finds joy in small moments. She credits Yum! culture for fostering heart-led leadership and allowing her to bring her authentic self to work. As CMO, Monica focuses on coaching her team and partnering with leadership to set brand ambitions and strategic choices for KFC's growth and relevance.
The Taco Bell Foundation and Ashoka have announced the winner of their second Ambition Accelerator Summit. Victoria Lamar, a 24-year-old changemaker, received a $25,000 social impact grant for her initiative, Securing Degrees. This national scholarship coaching platform has helped over 4,000 families secure $20 million in scholarships since 2018.
The summit, held at Taco Bell's headquarters in Irvine, California, invited 50 top changemakers from over 370 applicants. Each semi-finalist received $1,000 in seed funding, with five finalists competing in a pitch competition. The other four finalists were awarded an additional $5,000 each.
The Ambition Accelerator program, funded by Yum! Brand's $100 million Unlocking Opportunity Initiative, aims to create pathways for a more equitable and inclusive society. An inaugural Ambition Accelerator India Summit is scheduled for September in Bengaluru.
Yum! Brands continues its #LifeatYUM series, showcasing the company's culture and talent. The spotlight is on Sara Kamal, an attorney for Yum!'s Digital and Technology legal team. Sara works with product teams, providing legal expertise for various technologies used by the business and franchisees. Her role involves problem-solving for legal considerations across the Yum! ecosystem.
Sara's career at Yum! has grown significantly, including leading new project initiatives and taking a leadership role in a women's employee resource group. She recently participated in a Women in Law podcast, sharing her legal expertise and discussing how her problem-solving skills led her to Yum!. This spotlight demonstrates Yum!'s commitment to highlighting diverse talent and fostering a supportive work environment.
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