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 is expanding its $5 Value Menu with new Taste of KFC Deals, offering customers more affordable options. The menu now includes:
- NEW: 8 Original Recipe Chicken Nuggets with fries and 2 sauces
- NEW: Famous Bowl with Chicken Nuggets
- Two-Piece Drum & Thigh meal
KFC continues to offer the $10 Tuesdays deal (8 pieces of chicken) and the $20 Family Deal. New digital-exclusive offers include a 40-Piece Saucy Nuggets Party Pack for $19.99, Sandwich + Nuggets Meal for Two at $15, and Five-Piece Chicken on the Bone Meal for Two at $15. Additionally, customers can enjoy 50% off Chicken Sandwiches and FREE DELIVERY on Thursdays during football season when ordering through KFC.com or the KFC app.
KFC is launching three new Saucy Nuggets flavors starting August 12, 2024: Honey Garlic, Chipotle Ranch, and Mango Habanero. These join the existing Korean BBQ and Honey BBQ flavors. To promote the new sauces, KFC is introducing a 'Sauce Serve Truck' that will tour three U.S. cities, offering free nugget samples and merchandise.
KFC is also offering several deals, including 10 Saucy Nuggets for $5.99, free 10-piece Saucy Nuggets with a $10+ digital purchase, and a 40-piece Saucy Nuggets Party Pack for $19.99 as a digital exclusive. The company aims to strengthen its position in the competitive sauce market, emphasizing its 100% white meat nuggets hand-breaded with KFC's Original Recipe.
Yum! Brands (NYSE: YUM) reported second-quarter results for the period ended June 30, 2024. Highlights include:
- Worldwide system sales grew 3% excluding foreign currency translation
- GAAP operating profit increased 6%, while core operating profit rose 10%
- GAAP EPS was $1.28, and EPS excluding Special Items was $1.35
- Taco Bell saw 5% same-store sales growth and 7% system sales growth
- KFC achieved 8% unit growth and 2% system sales growth
- Pizza Hut had flat system sales growth
The company opened 894 gross new units, increasing its total unit count by 5%. Digital sales reached nearly $8 billion, representing over 50% of total sales. Yum! Brands continues to expect at least 8% core operating profit growth for the year.
Yum! Brands (NYSE: YUM) highlights Kaitlyn Yocum, CPA, in their #LifeatYUM series, showcasing the company's culture and talent. Kaitlyn, a manager of investor relations, joined Yum! in 2018 after five years in public accounting. She transitioned from Internal Audit to Investor Relations through a short-term assignment, gaining valuable experience in earnings preparation and leadership briefings.
The Investor Relations team at Yum! works closely with leadership on strategic business direction, preparing for earnings calls, shareholder conferences, and investor presentations. Yum! Brands is currently seeking an Associate Manager of Investor Relations to join Kaitlyn's team in Louisville, KY.
Yum! Brands (NYSE: YUM) is expanding Voice AI technology across Taco Bell drive-thru locations in the U.S., aiming to reach hundreds of stores by the end of 2024. The company plans to implement this technology globally in the future. Currently deployed in over 100 Taco Bell U.S. drive-thrus across 13 states, the Voice AI system is designed to:
- Enhance back-of-house operations
- Improve order accuracy
- Reduce wait times
- Drive profitable growth
The technology integrates with Taco Bell's digital menu boards, Yum! Brands' Poseidon POS system, and the upcoming Taco Bell Rewards loyalty program. In 2023, Yum!'s digital sales approached $30 billion, with over 50% of sales coming through digital channels in Q1 2024.
Taco Bell, a Yum! Brands company (NYSE: YUM), recently celebrated its Golden Bell 2024 event in Hawaii. This exclusive gathering honored over 200 of the Best of the Best Restaurant General Managers and Area Coaches from around the world. The event showcased Taco Bell's commitment to recognizing exceptional talent within its global network.
While the company plans to share more individual success stories throughout the year, they have released a video recap of the Golden Bell celebration. This initiative highlights Taco Bell's focus on employee recognition and retention strategies in the competitive fast-food industry.
The press release also notes that job opportunities are available at both corporate and franchised Taco Bell locations, emphasizing the brand's ongoing growth and employment prospects.
KFC has significantly expanded its commitment to support refugees through employment and community integration initiatives. Key highlights include:
1. Increased hiring goal from 300 to over 2,500 refugees by 2026 in the Pan-European region.
2. Successfully welcomed 885+ refugees to KFC teams across Europe within the first year.
3. Expanded support beyond employment, partnering with local NGOs to provide mentorship and cultural inclusion assistance.
4. KFC teams in 14+ countries are actively working to make communities more welcoming for refugee team members, customers, and neighbors.
This initiative demonstrates KFC's commitment to social responsibility and creating inclusive work environments for refugees in their new communities.
Yum! Brands (NYSE: YUM) has announced its Q2 2024 earnings release and conference call details. The financial results will be released on August 6, 2024, at 7:00 a.m. ET, followed by a conference call at 8:15 a.m. ET. The call will be webcast live and available for playback until August 15, 2024. Yum! Brands operates over 59,000 restaurants across more than 155 countries under brands including KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill.
The company has received notable recognition in 2024, including being listed on the Dow Jones Sustainability Index North America for the eighth consecutive year and appearing on TIME Magazine's list of Best Companies for Future Leaders.
Pizza Hut, a leading brand under Yum! Brands, recently spotlighted five restaurant general managers (RGMs) as part of their annual Hut 100 awards. This program, recognizing the top 100 RGMs in the U.S., celebrates excellence in delivering quality service and customer satisfaction. The awardees were honored at the 2024 Pizza Hut Spring Business Conference in Phoenix, Arizona. The celebration highlights the dedication of these managers in enhancing the brand's reputation through exceptional service. The honorees shared their experiences and future plans, providing insights and tips for other RGMs aiming for similar recognition.
Yum! Brands honors LGBTQIA+ Pride Month by sharing the story of Joshua A., an employee at Taco Bell, who recently embraced his identity. This year's NYC Pride theme is 'Reflect, Empower and Unite'. Joshua, who identifies as both LGBTQIA+ and deaf, highlights the importance of patience and community support. He faced challenges in accepting his dual identity but eventually found love and acceptance from both communities. Currently, Joshua is a student at Irvine Valley College and an active member of its LGBTIQIA+ club. He emphasizes Taco Bell's inclusive work environment, which allows him to be his true self. Joshua aspires to carry forward his mother's legacy of kindness and love.
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