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.
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.
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.
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