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 Thailand has introduced the KFC Classroom, a flexible learning curriculum aimed at enhancing vocational and entrepreneurial skills among school dropouts. This initiative provides hands-on experience at KFC restaurants, allowing young individuals to balance work and study, thus preparing them for future careers.
Since 2023, KFC Thailand's Bucket Search Program has successfully reintegrated 130 school dropouts into the education system, helping them discover their passions and build successful career paths. This initiative is part of Yum! Brands' broader effort to support education and skill development.
Yum! Brands continues its #LifeatYUM series by featuring Matt Rosenthal, the director of innovation labs. Matt brings a diverse background from industries such as aviation, aerospace, mining, and IT to his role in food and beverage at Yum! Brands. He emphasizes the company's culture of risk-taking and innovation, aiming to enhance customer and team member experiences. Matt and his team are dedicated to fostering collaboration and encouraging fearless idea development. The press release invites readers to learn more about the company's culture and career opportunities.
Misty C., an Area Coach at Taco Bell, shares her journey in celebration of LGBTQIA+ Pride Month. Raised in foster care, Misty entered a mismatched marriage at 18, which she later left. She found her partner at a Pride event and they have been inseparable since. Her partner transitioned to become her husband, highlighting the importance of mental health and safety in exploring one's sexuality. With support from Taco Bell leaders, Misty embraced her true self and now fosters an inclusive environment at work. She encourages knowledge and self-education for those looking to get involved in the LGBTQIA+ community.
Taco Bell honors LGBTQIA+ Pride Month by highlighting Lori T., a Region Leader with a 30-year tenure at the company. Lori's journey from sports enthusiast to a hospitality degree holder and Taco Bell employee shows her resilience. Despite initial familial skepticism, she rose through various roles, proving Taco Bell's support for career growth. Lori came out at work, gaining acceptance and new opportunities. Her story exemplifies the brand's inclusive culture, including the introduction of same-sex benefits. Lori hopes to mentor future leaders and continues to live in Florida with her wife.
Margaret K., Manager of Operations at Taco Bell Canada, celebrates LGBTQIA+ Pride Month by sharing her 34-year journey within Yum! Brands. Starting as an assistant general manager at Pizza Hut, Margaret achieved significant sales milestones, later transitioning to KFC to manage licensed restaurants and then to Taco Bell in 2016. She now oversees field operations, ensuring brand standards and driving sales. Margaret also highlights her personal journey, from discovering her true self to battling breast cancer, and emphasizes the supportive environment at Taco Bell. Her story aims to inspire authenticity and integrity within the workplace.
Pizza Hut unveiled its new Chicago Tavern-Style Pizza and a major toppings overhaul, the biggest in over a decade. This makes Pizza Hut the first global chain to offer a tavern pizza, with four recipes: Pesto Margherita, The Ultimate, Spicy Chicken Sausage, and Double Pepperoni. The new toppings include Spicy Marinara Sauce, Pesto Sauce Swirl, Chicken Sausage, Fresh Diced Garlic, Grape Tomatoes, Caramelized Onions, Fire Roasted Peppers, and Crispy Cupped Pepperoni. The pizzas are available nationwide starting at $12, though pricing varies by location. Rachel Antalek, the new Chief Food Innovation Officer, said this innovation aligns with modern pizza trends.
KFC Global's Chief Development Officer Nivera Wallani and Chief Sustainability Officer Nira Johri emphasized the importance of cross-functional engagement for achieving sustainability goals at the Innovation Forum's Future of Food and Beverage conference. They highlighted how development, operations, HR, supply chain, and marketing teams collaborate to integrate sustainability into the business strategy, engage employees, suppliers, and franchisees, and establish cross-functional governance. More information and ESG storytelling can be found on 3blmedia.com.
The Taco Bell Foundation has announced the recipients of the 2024 Live Más Scholarship, celebrating outstanding students who embody the spirit of innovation and community service.
Axel O. from Las Vegas is attending the University of Nevada Las Vegas, continuing his mariachi music journey. Tallulah M. from Omaha, an aspiring trauma surgeon, will study pre-med at the University of Nebraska-Lincoln. Ritisha L. from Atlanta, a mental health advocate, is set to deepen her research at Emory University.
Gracie S. from Perris, founder of 'Girls on the Mound' and Taco Bell team member, will pursue business management and marketing. Ethan C., a film production student at Chapman University, aims to highlight diverse narratives through his work. The scholarship program provides financial support, networking platforms, and professional development resources to help these students achieve their goals.
KFC introduces new Honey BBQ Saucy Nuggets and extends popular deals starting today. The lineup features fan-favorite sauces, including Korean BBQ and Honey Sriracha. Honey BBQ, a sweet and tangy sauce, is now available for KFC Nuggets for the first time.
KFC also extends its $10 Tuesdays offer: get eight pieces of chicken for just $10. Additionally, free delivery is offered every Sunday this summer on KFC.com and the KFC app.
Other value deals include a $4.99 Meal for One and a $20 Family Meal. Customers are encouraged to join the KFC Rewards loyalty program for more deals and freebies.
Yum! Brands has published the latest installment of its #HowIGotHere series, featuring Mary Gertz, Chief Food Safety & Quality Assurance Officer. Mary's journey spans from her first job at a Mexican restaurant to her current prestigious role at Yum! Brands. She emphasized learning from failures, balancing work, and personal life, and setting non-negotiables like never missing family milestones. Influenced by her father's entrepreneurial spirit and her family's unique approach to learning from mistakes, Mary’s career includes significant roles in various companies. At Yum! Brands, she focuses on food safety and quality assurance, underscoring the importance of her work in contributing positively to people’s lives.
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