Yum Brands Stock Price, News & Analysis

Yum! Brands (NYSE: YUM) announced that CFO Chris Turner will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 11, 2021, at 9:30 a.m. ET. The event will be available for live streaming on the Yum! Brands website. Headquartered in Louisville, Kentucky, Yum! Brands operates over 50,000 restaurants in more than 150 countries, boasting brands such as KFC, Pizza Hut, and Taco Bell. The company has received accolades like inclusion in the 2021 Bloomberg Gender-Equality Index and recognition in the Dow Jones Sustainability Index North America.

Yum! Brands (NYSE: YUM) has committed to comprehensive reporting on the systemic impacts of antibiotic use in its supply chain by the end of 2021. Following discussions with The Shareholder Commons, the shareholder proposal by Paul Rissman was withdrawn. The agreement mandates Yum! to assess the costs of antimicrobial resistance (AMR) in its sustainability reports and disclose findings related to antibiotic use in animal husbandry. AMR poses significant global health risks, potentially leading to 10 million deaths annually by 2050 and a $54 trillion hit to the economy.

Yum! Brands has entered into a definitive agreement to acquire Kvantum, an AI-based consumer insights firm. This strategic acquisition aims to enhance Yum!'s marketing capabilities across its brands, including KFC, Pizza Hut, and Taco Bell. Kvantum's advanced machine learning and econometric modeling will optimize marketing performance and spending. The acquisition is expected to close by the end of Q1 2021. It aligns with Yum!'s focus on digital transformation and data-driven marketing strategies to drive growth and improve customer experiences.

Yum! Brands reported its fourth-quarter and full-year results for 2020, showing a 32% decrease in GAAP EPS to $1.08 for Q4 and a 29% decline to $2.94 for the full year. However, EPS excluding Special Items for Q4 rose by 15% to $1.15, while full-year EPS increased by 2% to $3.62. Digital sales reached a record $17 billion, up 45% year-over-year. Despite a 2% decline in system sales for Q4, the company opened 227 net new units and repurchased 2.4 million shares. CEO David Gibbs expressed confidence in Yum!'s growth strategies moving forward.

Yum! Brands, Inc. (NYSE: YUM) promotes Tracy Skeans to Chief Operating Officer, solidifying her role in enhancing operational execution and customer experience. Skeans, with 20 years at the company, retains her position as Chief People Officer and will report to CEO David Gibbs. Her leadership is expected to drive same-store sales and unit growth. Skeans has previously led significant transformations, such as the company's shift to a franchisor model and initiatives during the COVID-19 pandemic. Yum! Brands operates over 50,000 restaurants globally across its major brands, including KFC and Taco Bell.

Yum! Brands, Inc. (NYSE: YUM) has declared a $0.50 per share dividend, scheduled for distribution on March 12, 2021, to shareholders of record as of February 12, 2021. Headquartered in Louisville, Kentucky, Yum! operates over 50,000 restaurants globally, featuring brands like KFC, Pizza Hut, and Taco Bell. The company has been recognized for its commitment to sustainability, earning a spot on the Dow Jones Sustainability Index and being included in the 2021 Bloomberg Gender-Index.

Pizza Hut has launched its all-new Detroit-Style pizza nationwide, responding to growing customer demand. This innovative pizza features a rectangular shape, cheese extending to the edges for a crispy crust, and a special vine-ripened tomato sauce developed after extensive testing. Four recipes are available, including the 'Detroit Double Pepperoni' with 80 slices of pepperoni. Prices start at $10.99, varying by location. The launch marks a significant effort from Pizza Hut, which perfected the recipe after testing over 500 versions over the past year.

KFC has launched its new Chicken Sandwich, touted as the best ever, initially available in select markets and expanding to all U.S. locations by February. The sandwich features a quarter-pound, double-breaded chicken breast on a buttery brioche bun with thick pickles and a choice of mayo or spicy sauce. Testing in Orlando exceeded sales expectations, indicating strong demand. The sandwich is priced at $3.99 a la carte and $6.99 as a combo meal. This introduction aligns with KFC's strategy of innovating their menu, following the successful launch of Secret Recipe Fries.