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.
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.
Yum! Brands, Inc. (NYSE: YUM) has declared a quarterly dividend of $0.67 per share of common stock, payable on September 6, 2024 to shareholders of record as of August 27, 2024. The company, headquartered in Louisville, Kentucky, operates over 59,000 restaurants across more than 155 countries under its brands KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill. Yum! Brands has received notable recognition in 2024, including its eighth consecutive inclusion in the Dow Jones Sustainability Index North America and listings in TIME Magazine's Best Companies for Future Leaders and Newsweek's America's Most Responsible Companies.
Taco Bell International, with over 1,100 restaurants in 31 countries outside the US, is launching "The Summer of International" campaign to showcase its global expansion and employee experiences. Daniel F., Director of Technology for Taco Bell International, is featured as an example of the company's global reach and employee growth opportunities. Daniel's journey includes working on consumer experiences and living in Singapore for a year before taking on his current role, which involves traveling worldwide to support the brand's technological growth.
This initiative highlights Taco Bell's commitment to cultural relevance, innovation, and global brand building. The campaign will share personal stories, international adventures, and career growth experiences of Taco Bell's international team members, demonstrating the company's "Restless Creativity" spirit in expanding its global presence.
The KFC Foundation is awarding $1 million in grants to 100 community-based non-profit organizations this year. In the current cycle, $260,000 will fund projects aimed at improving health and well-being across 19 different states. Notable recipients include:
1. Count Basie Center for the Arts (NJ): Establishing a barrier-free dance studio
2. Neighbor Up Brevard (FL): Installing a new playground and refurbishing a basketball court
3. Treehouse Therapies (OR): Transforming a small farm into a pediatric therapy clinic
4. Turnstone Center (IN): Renovating an adaptive playground and creating an outdoor learning classroom
The next grant cycle, focusing on caring for the environment and animals, will run from September 16-30. Non-profit organizations can apply at kfcfoundation.org/wishes.
Yum! Brands, parent company of KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill, has donated over 215 million pounds of food to more than 5,000 charity partners in 25+ countries since 1992. This initiative, known as Harvest, was started by Pizza Hut and is run by Food Donation Connection (FDC). The program not only feeds those in need but also reduces landfill waste and carbon emissions.
Key highlights include:
- KFC's 25th anniversary with Harvest in the US
- KFC UK's partnership with Fareshare, providing 1 million meals in 3 years
- Positive impact on employee retention and community engagement
- Goal to double food donations from test kitchens in 2024
Yum! Brands aims to continue leading in the food donation space, addressing hunger issues and climate change while providing purpose to team members.
KFC has announced a partnership with Plan International to support youth employability on International Youth Day. The collaboration aims to empower young people, especially girls and persons with disabilities, to pursue their professional dreams through tailored training and resources. The partnership has four key objectives:
- Providing pathways for decent work
- Developing market-driven skills
- Fostering an authentic work environment
- Promoting positive social norms about youth as economic actors
KFC will contribute to Plan International's Skills & Work Fund, co-develop best practice guides, and offer corporate office experiences. This initiative builds on KFC's existing youth employability efforts in Thailand and the UK, including the Bucket Search program and the Hatch employability program.
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