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.
Yum! Brands launches #LifeatYUM series to showcase its culture and talent, starting with data scientist Kendall Ruber. The series highlights professional growth opportunities and features like LinkedIn Learning courses. Visit https://jobs.yum.com/ for career opportunities. Follow Yum! Brands for more updates on #LifeatYUM.
Pizza Hut Global's Shannon Garcia discusses mentorship, leadership, and digital transformation on the Extra Serving Podcast. The Chief Operating and Digital & Technology Officer shares her goals for Pizza Hut and passion for digital solutions at WFF's conference.
In April 2021, Taco Bell spotlighted Arab American heritage in celebration of National Arab American Heritage Month. Mohammad S., a first-generation Egyptian working in marketing for Taco Bell Foundation, shared his inspiring journey of embracing both American and Arab cultures. He highlighted the challenges of navigating dual identities and the importance of cultural appreciation and diversity. Mohammad's story reflects Taco Bell's commitment to celebrating differences and making a positive impact in the community.
Yum! Brands, Inc. reported first-quarter results, with worldwide system sales growing 2% and 6% unit growth. Despite a 3% same-store sales decline, core operating profit increased by 6%. Digital sales reached over $8 billion, with a record digital system sales mix of over 50%. Despite challenges, the CEO remains confident in the company's future growth.
Yum! Brands, Inc. successfully completed the refinancing of its Senior Secured Credit Facilities, totaling approximately $2.00 billion, with the issuance of a $500 million Term A Loan and a $1.50 billion Revolving Facility. The refinancing did not add any additional net new debt to the balance sheet. The Term A Loan and Revolving Facility will mature on or before April 26, 2029, and the interest rates remain unchanged from the Existing Facilities. The proceeds from the issuance will be used to repay the Existing Facilities, pay associated transaction fees and expenses, and for general corporate purposes. Yum! Brands, Inc. is a global leader in the restaurant industry, operating over 59,000 restaurants in more than 155 countries and territories under popular brands like KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill.
How I Got Here: Nira Johri
In the #HowIGotHere series, you'll read about the inspiring journey of Nira Johri, a prominent figure in the world of finance. From her humble beginnings to her current role as a successful executive, Nira's story is one of determination, hard work, and perseverance. This press release highlights key milestones in Nira's career, shedding light on the challenges she faced and the lessons she learned along the way.
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