Browse the latest corporate news from Yum! Brands.
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Strong Sales and Operating Profit Growth Across All Divisions;
Raises Full-Year 2012 EPS Growth Forecast to at least 12%, Excluding Special Items
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands Inc. (NYSE: YUM) today reported results for the first quarter ended March 24, 2012 including EPS of $0.76, excluding Special Items. Reported EPS for the quarter was $0.96.
FIRST QUARTER HIGHLIGHTS
Worldwide operating profit grew 15%, prior to foreign currency translation, including 14% in China, 9% at Yum! Restaurants International (YRI) and 27% in the U.S.
Worldwide system sales grew 7%, prior to foreign currency translation, including 28% in China, 8% at YRI and 1% in the U.S.
The 2011 fourth-quarter divestiture of Long John Silver's (LJS) and A&W All-American Restaurants (A&W) negatively impacted worldwide system sales growth by 2 percentage points, including an impact of 5 percentage points to the U...
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Marks 10th Consecutive Year of at least 13% EPS Growth; China Opens a Record 656 New Units
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands Inc. (NYSE: YUM) today reported results for the fourth quarter ended December 31, 2011 including EPS of $0.75. Reported EPS for the full year was $2.74. Full year and fourth quarter results for Yum! Restaurants International (YRI) and the U.S. reflect the benefit of an additional week. This 53rd week did not impact China Division results.
FULL YEAR HIGHLIGHTS
Worldwide system sales grew 7%, prior to foreign currency translation, including 29% in China and 8% at YRI. System sales in the U.S. were even.
Same-store sales grew 19% in China, 3% at YRI and declined 1% in the U... |
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Book Based on Novak’s Unique Leadership Training Program to Get People Aligned, Enthusiastic and Relentlessly Focused on Achieving Big Goals
“David Novak is the best at leadership, whether teaching it in this book or practicing it.” -Warren Buffett
“An important book about motivation from a proven motivator.” -Jack Welch, founder, Jack Welch Management Institute
“David Novak is a hard-driving CEO with a great heart and soul – and that gives him unique insight into both your own personal development and how to bring out the best in others.” -Jamie Dimon, chairman and CEO, JPMorgan Chase
“This is the best, most practical hands-on book on leadership I’ve ever read... |
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Will Host Investor Update Meeting Wednesday, December 7, 2011
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands Inc. (NYSE: YUM), in advance of its annual Investor Update Meeting, increases its full year 2011 EPS growth forecast to at least 13%, or $2.85 a share, excluding special items; previous guidance was at least 12%. Yum! also announces it expects to deliver at least 10% EPS growth in 2012, excluding special items, which would mark its eleventh straight year of meeting or exceeding this annual EPS growth target.
“On the Ground Floor of Global Growth…China and a Whole Lot More”
David C. Novak, Chairman and CEO, said, “This has been a strong year led by our China and Yum! Restaurant International businesses and I’m pleased to report we have raised our 2011 full-year EPS growth forecast to at least 13%, despite our disappointing U... |
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Promotes Micky Pant to Chief Executive Officer of International Division; and Creates Yum! Restaurants India as Separate Division
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) today announced it has reorganized its Yum! Restaurants International division (YRI) to continue to drive aggressive international expansion and build strong brands globally. The Company also announced that Micky Pant, 57, was promoted to Chief Executive Officer of YRI, replacing Graham Allan, 56, who is retiring from the Company early in 2012. Pant most recently served as President of YRI and Global Branding. He now will report to David C. Novak, Chairman and Chief Executive Officer of Yum! Brands, Inc. At the same time, Yum! announced it will separate its India business from YRI, creating a standalone reporting division called Yum! Restaurants India... |
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Announces an Additional $750 Million Share-Repurchase Authorization and Declares Quarterly Dividend of $0.285 Per Share
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands Inc. (NYSE: YUM) announced today the appointment of Mirian M. Graddick-Weir, 56, to its Board of Directors. Graddick-Weir is the Executive Vice President of Human Resources of Merck & Co., Inc. based in Whitehouse Station, New Jersey. The appointment will become effective at the Company’s next Board meeting on January 26, 2012.
“Dr. Mirian Graddick-Weir will make an outstanding addition to the Yum! Brands Board of Directors. Mirian leads human resources for one of the leading pharmaceutical companies in the world and has a demonstrated leadership capability and distinguished career... |
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Co-founders Mr. Zhang Gang and Mr. Chen Hongkai Will Retain Minority Interest and Remain as Shareholders in Little Sheep Post Transaction
Cash cancellation consideration of HK $6.50 cash per share
November 09, 2011 // Franchising.com // (Hong Kong) Yum! Brands, Inc. (NYSE:YUM; “Yum!”) announced that it has obtained written clearance today from China’s Ministry of Commerce under the Anti-Monopoly Law of the People’s Republic of China to proceed with its proposal for the privatization of Little Sheep Group Ltd. (HKEx: 968; “Little Sheep”) by way of a scheme of arrangement (“Scheme”). Under the proposal, Yum! will, through an indirectly wholly owned subsidiary, offer Little Sheep scheme shareholders HK $6... |
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No. 34 Ford Fusion Sports World Hunger Relief Colors at NASCAR’s Fastest Track
LOUISVILLE, Ky.--(BUSINESS WIRE)--NASCAR driver David Gilliland is on the fast track to share the Yum! Brands, Inc. (NYSE: YUM) World Hunger Relief message this weekend at Talladega (Ala.) Superspeedway. Gilliland’s No. 34 Ford Fusion will sport the World Hunger Relief logos and decals from Yum! Brands, Inc., KFC, Pizza Hut and Taco Bell, as he gets behind the wheel at NASCAR’s fastest track.
“Nearly a billion people go hungry worldwide and the Yum! Brands family has been responsible for raising nearly $85 million to fight hunger since 2007”
“Nearly a billion people go hungry worldwide and the Yum! Brands family has been responsible for raising nearly $85 million to fight hunger since 2007,” said Jonathan Blum, Chief Public Affairs Officer for Yum! Brands, Inc... |
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China Delivers 35% Revenue Growth and Projects Record 600 New Units this Year
LOUISVILLE, Ky., Oct 04, 2011 (BUSINESS WIRE) -- Yum! Brands Inc. (NYSE: YUM) today reported results for the third quarter ended September 3, 2011 including EPS of $0.83, excluding Special Items. After a Special Items loss of $0.03, reported EPS was $0.80. As a result of strong performance in China and other emerging markets, Yum! reconfirms full year EPS growth forecast of at least 12%, excluding special items.
THIRD-QUARTER HIGHLIGHTS
Operating profit grew 7% in China and 3% at Yum! Restaurants International (″YRI″), prior to foreign currency translation. Operating profit declined 16% in the U.S.
Foreign currency translation positively impacted operating profit by $32 million... |
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Lending Her Powerful Voice in New Public Service Announcement: Aguilera Urges People to Help the Nearly 1 Billion Hungry Worldwide;Visit FromHungertoHope.com
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands (NYSE: YUM), the world's largest restaurant company and parent of KFC, Pizza Hut and Taco Bell, announced today the launch of its annual World Hunger Relief effort featuring multi-Grammy Award winner and international superstar Christina Aguilera in a new public service announcement. According to the United Nations, there are nearly 1 billion people around the world who are hungry today.
World Hunger Relief is the world's largest private sector hunger relief effort, spanning 110 countries, 38,000 KFC, Pizza Hut and Taco Bell restaurants and more than 1 million employees and franchise associates... |
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LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) today announced it has signed definitive agreements to sell Long John Silver's, Inc. and A&W Restaurants, Inc. to two separate buyers led by key franchisee leaders. Both sales are subject to customary closing conditions.
″We are pleased to announce that we have identified strategic buyers who are passionate about these two great restaurant brands and committed to their growth potential,″ said David C. Novak, Yum! Brands, Inc. Chairman and Chief Executive Officer.
″As we continue to sharpen our long-term growth focus on international expansion and improving our US brand positions in KFC, Pizza Hut and Taco Bell, Long John Silver's and A&W no longer fit our long-term growth strategy... |
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Yum! Brands World Hunger Relief Effort Reports $67 Million Raised Over Three Years Toward Clinton Global Initiative Commitment; Nearly $85 Million Collected for World Food Programme and Others Since 2007
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands (NYSE: YUM), parent of KFC, Pizza Hut and Taco Bell, announced today that in just three years since its pledge at the Clinton Global Initiative, the Company's World Hunger Relief effort has raised $67 million to help the United Nations World Food Programme (WFP) and other hunger relief agencies provide approximately 268 million meals for hungry school children in developing countries. Since the campaign began in 2007, Yum! has raised nearly $85 million through its World Hunger Relief effort to help WFP and others provide 350 million meals for people in remote corners of the world... |
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LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands (NYSE: YUM), the world's largest restaurant company and parent of KFC, Pizza Hut and Taco Bell, announced today that it is directing the first $1 million from its World Hunger Relief global effort to provide food to families affected by hunger and suffering the effects of drought in the Horn of Africa. The funds will help the United Nations World Food Programme (WFP) feed those in urgent need of food assistance.
Drought coupled with high food prices and conflict in the Horn of Africa is affecting more than 13 million people. WFP is rapidly moving life-saving food and nutritional products by sea, air and road to hungry populations in Ethiopia, Kenya, Uganda, Djibouti, and Somalia to address their needs... |
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Diversity Drives Culture and Business at World's Largest Restaurant Company LOUISVILLE, Ky. --(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM), the world's largest restaurant company and parent of KFC, Pizza Hut and Taco Bell, has been named one of BLACK ENTERPRISE magazine's "40 Best Companies for Diversity" for its comprehensive results across key diversity measures for the seventh consecutive year.
BLACK ENTERPRISE magazine's seventh annual list of the best companies for diversity is featured in the July 2011 edition. The Magazine evaluated diversity programs, consulted with diversity experts and surveyed the top 1,000 of the country's largest public companies and 100 leading global companies with significant U.S. operations... |
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LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands Inc. (NYSE: YUM) today announced that the company will present at the Jefferies 2011 Global Consumer Conference on Tuesday, June 21, 2011 in Nantucket, Massachusetts. The presentation is scheduled to begin at approximately 1:50 p.m. Eastern Time.
This event will be webcast live and can be accessed through the investor relations section of the Yum! Brands website at http://www.yum.com/investors. The webcast will be archived and available online for a 90-day period following the presentation.
Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with nearly 38,000 restaurants in more than 110 countries and territories... |
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LOUISVILLE, Ky. --(BUSINESS WIRE)-- Yum! Brands Inc. (NYSE: YUM) today announced that the company will present at Sanford C. Bernstein's 27th Annual Strategic Decisions Conference on Wednesday, June 1, 2011 in New York City. The presentation is scheduled to begin at approximately 3:00 p.m. Eastern Time.
This event will be webcast live and can be accessed through the investor relations section of the Yum! Brands website at http://www.yum.com/investors. The webcast will be archived and available online for a 90-day period following the presentation.
Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with nearly 38,000 restaurants in more than 110 countries and territories... |
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Chairman and other founding shareholders would retain minority interest Formal offer from YUM contingent on regulatory approvals LOUISVILLE, Ky.--(BUSINESS WIRE)--YUM! Brands (NYSE: YUM) today announced that it has submitted a preliminary proposal to Little Sheep Group Limited under which YUM! Brands would offer to acquire all outstanding shares of Little Sheep, other than a minority interest to be held by the chairman and other founding shareholders of Little Sheep. Little Sheep owns and operates Hot Pot concept restaurants primarily in China and is headquartered in Baotou, Inner Mongolia, China. Its shares are listed on the Hong Kong Stock Exchange. YUM! Brands currently owns 27.2% of the outstanding shares of Little Sheep. No formal offer has been made at this stage and any such offer, should one be made, would be made only after YUM! Brands has obtained all necessary regulatory approvals for the transaction... |
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Barclays Capital 2011 Retail and Restaurants Conference LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands Inc. (NYSE: YUM) today announced that the company will present at the Barclays Capital 2011 Retail and Restaurants Conference on Wednesday, April 27, 2011 in New York City. The presentation is scheduled to begin at approximately 10:15 a.m. Eastern Time.
This event will be webcast live and can be accessed through the investor relations section of the Yum! Brands website at http://www.yum.com/investors. The webcast will be archived and available online for a 90-day period following the presentation.
Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with nearly 38,000 restaurants in more than 110 countries and territories... |
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Milestone Spotlights Company's Growth and Success in Emerging Markets LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) announces the opening of the 400th KFC franchise restaurant in Jakarta, Indonesia, by its international division, Yum! Restaurants International (YRI). Yum! is the leading restaurant company in Indonesia with its KFC and Pizza Hut brands.
"Congratulations to our restaurant teams and to our franchise partner PT Fastfood Indonesia on the successful opening of the 400th KFC in Indonesia," said Graham Allan, Chief Executive Officer, Yum! Restaurants International. "This milestone is a wonderful accomplishment in its own right. It's also testament to the strength of the KFC brand around the world as we continue to drive growth in Indonesia and other countries in Asia as well as key emerging markets like India, Russia, Africa and Latin America... |
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LOUISVILLE, Ky. --(BUSINESS WIRE)-- Yum! Brands Inc. (NYSE: YUM) today announced that the company will present at the Bank of America Merrill Lynch Consumer Conference on Wednesday, March 9, 2011 in New York City. The presentation is scheduled to begin at approximately 10:05 a.m. Eastern Time.
This event will be webcasted live and can be accessed through the investor relations section of the Yum! Brands website at http://www.yum.com/investors. The webcast will be archived and available for replay through Friday, March 25, 2011.
Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with nearly 38,000 restaurants in more than 110 countries and territories... |
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