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Yum! Brands, Inc. - $YUM STOCK NEWS

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.

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Starting today, Pizza Hut launches the Cheeseburger Melt, entering the burger market with a unique product that combines a parmesan-crusted thin crust with beef, applewood-smoked bacon, onions, mozzarella, and cheddar. This innovative menu item aims to offer a portable, crunchy, and cheesy alternative to traditional burgers. To promote the launch, Pizza Hut introduces a campaign encouraging customers to 'cheat on their cheeseburger' by offering free Cheeseburger Melts and PEPSI® at select burger chain drive-thrus in Chicago and Miami. This promotion is valid while supplies last until May 20, 2024. The Cheeseburger Melt is available as part of the My Hut Box™ offer, starting at $6.99, which includes a choice between Melts or a 2-topping Personal Pan Pizza®, sides, and a drink.

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KFC Jamaica is sponsoring the National Child Month Committee's 2024 initiatives with $700K. The theme for this year is 'Stand Up! Speak Out! Protect the Rights of Our Children'. The sponsorship highlights KFC's commitment to supporting children's rights and welfare.

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Asian American Native Hawaiian and Pacific Islander (AANHPI) Heritage Month is celebrated in May, honoring the diverse cultures and contributions of AANHPI individuals. Taco Bell's Director of Human Resources, Tippy D., shares her personal journey as a first-generation Chinese and Thai American, emphasizing the importance of education, hard work, and helping others. Tippy's career in HR has led her to Taco Bell, where she continues to make a difference in the community.

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An Atlanta high school senior has won a $25K Taco Bell Foundation scholarship for her passion in helping others with mental health issues. The scholarship was awarded by Yum! Brands. The student's achievement was highlighted by FOX 5 Atlanta.

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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.

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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.

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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.

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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.

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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.

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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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FAQ

What does Yum! Brands, Inc. do?

Yum! Brands, Inc. operates as the world's largest restaurant company, owning famous brands like KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill.

How many restaurants does Yum! Brands, Inc. have?

As of the end of 2023, Yum! Brands, Inc. has over 39,000 restaurants in more than 130 countries and territories.

What makes Yum! Brands a unique workplace?

Yum! Brands emphasizes a fun, recognition-based culture and invests heavily in employee career development, creating a diverse and inclusive work environment.

How does Yum! Brands generate its revenue?

The bulk of Yum! Brands' revenue comes from franchise royalties and marketing contributions, with 98% of its operations being franchised.

What recent technological advancements has Yum! Brands made?

Yum! Brands, led by Chief Digital and Technology Officer Joe Park, is integrating AI into its operations, with about 45% of sales being digital by 2024.

What are some of Yum! Brands' recent product innovations?

Recent innovations include Pizza Hut’s Cheeseburger Melt and KFC’s new Saucy Nuggets flavors, showcasing the company's continuous effort to meet consumer demands.

How does Yum! Brands contribute to community and social responsibility?

Yum! Brands engages in various initiatives like KFC’s Add Hope program and Taco Bell’s Live Más Scholarship program to support community development and education.

What is Yum! Brands' global market position?

Yum! Brands is the second-largest restaurant company in the world by sales, following McDonald's but ahead of Restaurant Brands International and Starbucks.

How did Yum China become a separate entity from Yum! Brands?

Yum China spun off as a separate entity in 2016 but continues to pay 3% royalties to Yum! Brands.

What impact does Yum! Brands have on the digital sales front?

By 2024, approximately 45% of Yum! Brands' sales were digital, reflecting the company's significant investment in technology and automation.

Yum! Brands, Inc.

NYSE:YUM

YUM Rankings

YUM Stock Data

38.59B
280.62M
0.15%
86.33%
2.52%
Limited-Service Restaurants
Accommodation and Food Services
Link
United States of America
LOUISVILLE

About YUM

yum! brands isn’t your average fortune 250 company. we like to do things a little differently. from our world-famous culture of fun and recognition to our focus on your career potential, yum! puts a unique stamp on day-to-day business. as the world’s largest restaurant company, yum! brands, inc. has over 39,000 restaurants in more than 130 countries and territories and more than 1 million associates worldwide. the company's brands - kfc, pizza hut and taco bell– are the global leaders of the chicken, pizza and mexican-style food categories. what makes yum! a great place to work? it's our people. that's why we invest in people capability so they can make the most of their career. with a diverse workforce and ongoing opportunities for personal and professional success, we've built a culture that rewards and recognizes great effort while providing the work/life balance that is so important to all of us. around the globe, we bring people together to have fun and to celebrate special oc