Yum Brands Stock Price, News & Analysis

Kentucky Fried Chicken® and Lifetime® have collaborated to launch a unique holiday mini-movie titled "A Recipe for Seduction," featuring Mario Lopez as Colonel Harland Sanders. This 15-minute film premieres on December 13, 2020, at 12 p.m. ET/PT. To celebrate, KFC offers an Uber Eats promotion where customers can receive six free extra crispy™ tenders with a $20 purchase from December 13 to 19. The film combines elements of romance, mystery, and humor, making it a fun holiday distraction aimed at enhancing the festive experience for viewers.

Pizza Hut, in collaboration with Gravity Blanket, has launched the limited-edition Original Pan Weighted Blanket, designed to replicate the comfort of its Original Pan Pizza. Weighing 15 pounds and measuring 72 inches in diameter, the blanket offers therapeutic benefits, promoting better sleep and reduced anxiety. Priced at $150, it provides a 25% discount compared to similar products. Since March 2020, Pizza Hut has also recorded over 24 million contactless digital orders, attracting millions of customers to its Hut Rewards loyalty program.

Yum! Brands, Inc. (NYSE: YUM) has declared a quarterly dividend of $0.47 per share, with payment scheduled for December 11, 2020. Shareholders registered by the close of business on November 25, 2020 will receive this dividend. The company, headquartered in Louisville, Kentucky, operates over 50,000 restaurants across more than 150 countries, primarily under the KFC, Pizza Hut, and Taco Bell brands. In 2020, Yum! Brands was recognized among the top 100 Best Corporate Citizens and included in the Dow Jones Sustainability North America Index.

KFC's 11 Herbs & Spices Firelog returns for the third consecutive holiday season, available for $15.88 at select Walmart locations and online. Produced in collaboration with Enviro-Log, this firelog is designed to fill homes with the scent of KFC's fried chicken. With past sellouts, demand is expected to be high again this season, prompting an expanded partnership with Walmart. New this year, the firelog will also be available in Canada. Free shipping over $35 and same-day store pickup options are offered for online orders.

Yum! Brands has appointed Lauren R. Hobart, President of DICK’S Sporting Goods, to its Board of Directors, effective November 12, 2020. Her extensive retail experience, particularly in digital transformation and e-commerce, is expected to strengthen Yum! Brands’ growth strategy. As Michael J. Cavanagh retires from the Board, Paget Alves will take over as Chair of the Audit Committee. Hobart's leadership background from PepsiCo and DICK’S highlights her capabilities in brand-building and operational strategy.

Kentucky Fried Chicken launched a new dipping sauce called KFC Sauce, designed to enhance its Extra Crispy™ Tenders. The sauce is tangy, sweet, and smoky, developed through customer feedback and 50 recipe iterations. Starting October 12, it will be available alongside the revamped classic sauces, including Classic Ranch, Honey BBQ, and Honey Mustard. KFC's Extra Crispy™ Tenders are ideal for dipping, elevating the sauce experience. To promote the new sauce, KFC has introduced creative 'KFCharcuterie' recipes, aimed at making at-home dining enjoyable.

Punchh announced a 25% average increase in customer loyalty spending since Q1 2020, aiding over 200 brands like El Pollo Loco and MOD Pizza to enhance customer engagement during the pandemic. The platform has driven significant sales growth; for instance, El Pollo Loco reported loyalty rewards accounting for 10% of sales, with a 7% year-to-date increase in member spending. Punchh also noted a 182% year-over-year lift in spend for Fazoli's, bolstered by a 28% rise in loyalty program sign-ups and the opening of 13 new locations.

Punchh has reported a significant 25% average increase in loyalty spending for its customers since Q1 2020, aiding over 200 enterprise brands during challenging times for physical retailers. Notable brands like El Pollo Loco and MOD Pizza have seen improvements in sales through enhanced customer engagement via Punchh's platform. El Pollo Loco notes that loyalty rewards accounted for 10% of their sales mix, while Fazoli's experienced a 182% year-over-year increase in spend during Q2. Punchh continues to support restaurants in navigating the impacts of the pandemic.