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Yum! Brands Franchise News

Browse the latest corporate news from Yum! Brands.

Yum! Brands Inc. Appoints Greg Creed And Elane B. Stock To Board »

November 21, 2014 at 6:16AM PST | Source: Yum! Brands

November 21, 2014 // Franchising.com // LOUISVILLE, KY - Yum! Brands, Inc. (NYSE: YUM) announced that Greg Creed, 57, who will become Chief Executive Officer of the Company on January, 1, 2015, was formally appointed as a Director of the Board. Additionally, the Company appointed Elane B. Stock, 50, to its Board of Directors. Stock is the Group President of Kimberly-Clark International, comprising its operations in Asia-Pacific, Latin America, Middle East, Europe and Africa. The appointments are effective immediately.
"I'm very pleased the Board today appointed Greg Creed as a Director of our Company, furthering our seamless leadership transition," said David Novak, Chairman and CEO, Yum! Brands. "Greg walks the talk of our culture, is a visionary business leader and will make an outstanding Director and CEO of YUM Brands...

Yum! Brands Named One Of The Aon Hewitt Top Companies For Leaders In North America »

November 12, 2014 at 9:11AM PST | Source: Yum! Brands

November 12, 2014 // Franchising.com // LOUISVILLE, KY -  Yum Brands, Inc. (NYSE: YUM) ), one of the world's largest restaurant companies and parent of KFC, Pizza Hut and Taco Bell, has been named one of the Aon Hewitt Top Companies for Leaders® in North America for its unique and comprehensive leadership development programs and practices.
Conducted since 2001, the Aon Hewitt Top Companies for Leaders study is an analysis of talent management and leadership practices of organizations around the world. This year's winners were selected and ranked by an expert panel of independent judges based on a number of criteria, including strength of leadership practices and culture, examples of leader development on a global scale, alignment of business and leadership strategy, company reputation, business and financial performance...

YUM! Brands, KFC, Pizza Hut And Taco Bell Launch World Hunger Relief Effort  »

August 05, 2014 at 7:08AM PDT | Source: Yum! Brands

With Global Spokesperson Christina Aguilera in New "Pass the Red Cup" Challenge
Aguilera Uses Powerful Voice to Raise Awareness and Funds for Nearly 850 Million Hungry Worldwide
August 05, 2014 // Franchising.com // LOUISVILLE, KY – Yum! Brands (NYSE: YUM), parent company of KFC, Pizza Hut and Taco Bell, announced the launch of its annual World Hunger Relief effort with the "Pass The Red Cup" challenge featuring multi-Grammy Award winner and international superstar Christina Aguilera.
According to the United Nations, there are nearly 850 million people around the world who suffer from chronic hunger. Yum! Brands' World Hunger Relief effort is the world's largest private sector hunger relief initiative, spanning more than 125 countries, over 40,000 KFC, Pizza Hut and Taco Bell restaurants and 1...

Yum! Brands Reports Second-Quarter EPS Growth Of 30%, Excluding Special Items »

July 17, 2014 at 11:30AM PDT | Source: Yum! Brands

China Division System Sales Increased 21% with Operating Profit Growth of 188%; Yum! Reaffirms Full-Year Guidance of at least 20% EPS Growth
LOUISVILLE, Ky. - (BUSINESS WIRE) - July 16, 2014 - Yum! Brands, Inc. (NYSE: YUM) today reported results for the second quarter ended June 14, 2014, including EPS of $0.73.
Second-Quarter Highlights

Worldwide system sales grew 6%. Worldwide restaurant margin increased 3.0 percentage points to 15.5%, and worldwide operating profit increased 34%.
Total international development was 298 new restaurants; 78% of this development occurred in emerging markets.
China Division system sales increased 21%, driven by 7% unit growth and 15% same-store sales growth. Restaurant margin increased 6...

Yum! Brands Opens First KFC In Bolivia »

July 01, 2014 at 9:42AM PDT | Source: Yum! Brands

World's Most Popular Chicken Chain Expands in Emerging Markets
LOUISVILLE, Ky. - July 01, 2014 - (BUSINESS WIRE) - Yum! Brands, Inc. (NYSE: YUM) today announced the opening of the first KFC in Bolivia, with Franchise partner, DELOSUR. The introduction of the first KFC in Bolivia reflects the reach of the KFC Brand and the Company's expansion in emerging markets.
"We're delighted to work with our franchisee to bring the delicious taste of KFC to consumers in Bolivia. Together with our growth-ready franchise partners, we will continue to aggressively expand the KFC brand and enter new emerging markets around the world."
"KFC is an iconic global brand, and is instantly loved by consumers in every country where we introduce it," said Micky Pant, CEO, KFC...

Yum! Brands Foundation Awards Over $250,000 In Grant Prizes To 100 Student Teams For U.S. Hunger Relief Charities »

June 16, 2014 at 12:00PM PDT | Source: Yum! Brands

Lift A Life Foundation Mobilizes Nearly 200,000 Students Nationwide With Second Annual "Lead2feed World Hunger Leadership Challenge" In Partnership With USA Today Charitable Foundation
LOUISVILLE, KY - June 10, 2014 – Lift a Life Foundation announces five grand prize winners of the second annual "Lead2Feed World Hunger Leadership Challenge" in partnership with USA TODAY Charitable Foundation and Yum! Brands Foundation.
Nearly 200,000 middle and high school students in more than 850 schools and clubs participated in the nationwide challenge that encouraged students to hone their leadership skills through projects focused on solving hunger, locally or globally. Yum! Brands Foundation will provide over $250,000 in prize money grants to 100 student teams for U...

Yum! Brands Announces CEO Succession Plan, Becomes Effective On January 1, 2015 »

May 01, 2014 at 12:25PM PDT | Source: Yum! Brands

David C. Novak Announces He will Transition from Yum Chairman/CEO to Executive Chairman
Greg Creed will Become Yum Brands Chief Executive Officer and Join Board Of Directors
Office Of Chairman Will Be Formed with Novak, Sam Su, Creed
May 01, 2014 // Franchising.com // LOUISVILLE, KY – Yum! Brands, Inc. (NYSE:YUM), announced today that its Chairman and Chief Executive Officer, David C. Novak, 61, will become Executive Chairman on January 1, 2015, transitioning from his current role. Novak has served as CEO since 1999, building a global restaurant powerhouse with over 40,000 restaurants in 125 countries.
Once he becomes Executive Chairman, Novak is forming the Office of the Chairman. In addition to Novak, it will be comprised of Sam Su, 62, who will continue to serve as YUM Brands Vice-Chairman and Chairman/CEO of the YUM China Division; and Greg Creed, 56, who will become the next CEO of YUM Brands and will join Novak and Su on the Company’s Board of Directors on January 1, 2015...

Yum! Brands Reports First-Quarter EPS Growth Of 24%, Excluding Special Items »

April 23, 2014 at 12:08PM PDT | Source: Yum! Brands

China Division System Sales Increased 17% with Operating Profit Growth of 80%; Yum! Reaffirms Full-Year Guidance of at least 20% EPS Growth
LOUISVILLE, Ky. - (BUSINESS WIRE) - April 22, 2014 - Yum! Brands, Inc. (NYSE: YUM) today reported results for the first quarter ended March 22, 2014, including EPS of $0.87.
Beginning this quarter, our financial reporting will reflect our new structure with comparable prior periods adjusted accordingly. Effective the beginning of 2014, we combined our Yum! Restaurants International and U.S. divisions into three global brand divisions: KFC, Pizza Hut and Taco Bell. China and India remain separate divisions given their strategic importance and enormous growth potential. This new structure is designed to drive greater global brand focus, enabling more effective know-how sharing and accelerated growth...

Yum! Brands Opens First Pizza Hut In Iraq »

April 09, 2014 at 9:25AM PDT | Source: Yum! Brands

Milestone Spotlights Company's Expansion in Emerging Markets
LOUISVILLE, Ky. - April 09, 2014 - (BUSINESS WIRE) - Yum! Brands, Inc. (NYSE: YUM) today announced the opening of the first Pizza Hut in Iraq with franchise partner, Al Kout Food Company. The introduction of the first Pizza Hut in Iraq reflects the reach of the world's largest pizza chain and the Company's expansion in emerging markets.
"We're pleased to be able to bring Pizza Hut to Iraq as part of the explosive growth for our brand around the world," said Scott Bergren, CEO, Pizza Hut and Chief Innovation Officer, Yum! Brands. "While Pizza Hut's footprint is already significantly larger than our nearest competitor, we've still just scratched the surface of global growth...

Yum! Brands Reports Full-Year EPS Decline Of 9%, Or $2.97 Per Share, Excluding Special Items »

February 04, 2014 at 8:54AM PST | Source: Yum! Brands

Reaffirms Full-Year Guidance of at least 20% EPS Growth in 2014
LOUISVILLE, Ky.- (BUSINESS WIRE) - Feb. 3, 2014 - Yum! Brands, Inc. (NYSE: YUM) today reported results for the fourth quarter ended December 28, 2013, including EPS growth of 4%, or $0.86, excluding Special Items. Reported EPS was $0.70 for the quarter and $2.36 for the year.
Full-Year Highlights

KFC China sales and profits were significantly impacted by the effects of the December 2012 poultry supply incident, as well as subsequent news of avian flu.
Worldwide system sales grew 2%, prior to foreign currency translation, including 5% growth at Yum! Restaurants International (YRI) and 1% growth in the U.S. System sales declined 4% in China...

Yum! Brands’ World Hunger Relief Efforts Result In Record-Breaking $37 Million In Cash And Food Donations »

January 09, 2014 at 7:43AM PST | Source: Yum! Brands

More Than 148 Million Meals Provided to United Nations World Food Programme and Other Hunger Relief Agencies
LOUISVILLE, Ky. - January 09, 2014 - (BUSINESS WIRE) - Yum! Brands' (NYSE: YUM) 2013 World Hunger Relief efforts featuring World Food Programme (WFP) Ambassador Against Hunger, Multi-Grammy Award winner and international superstar Christina Aguilera, created unprecedented awareness and engagement and raised a record-breaking $37 million in overall cash and food donations for WFP and other hunger relief agencies.
World Hunger Relief is the world's largest private sector hunger relief effort, spanning more than 130 countries and territories, 40,000 KFC, Pizza Hut and Taco Bell restaurants and more than 1.5 million employees and franchise associates...

Yum! Brands Appoints Gibbs President Of Pizza Hut U.S., Marker As General Manager Of KFC U.S. »

January 08, 2014 at 11:27AM PST | Source: Yum! Brands

Company Evolving to Newly Reorganized Global Brand Structure to Propel Growth
LOUISVILLE, KY, January 7, 2014 - Yum! Brands, Inc. (NYSE:YUM) today announced it has appointed David Gibbs, 50, as President of its Pizza Hut business in the U.S., and Jason Marker, 43, as General Manager of its KFC business in the U.S. Gibbs will report to Scott Bergren, Pizza Hut Chief Executive Officer; and Marker will report to Micky Pant, KFC Chief Executive Officer. Both appointments are effective immediately.
In November 2013, Yum! Brands, Inc. announced it would reorganize its business to drive greater brand and geographic focus. Effective January 1, 2014, the reorganization became effective and the Company combined its Yum! Restaurants International (YRI) and the U...

Yum! Brands Expects Full-Year 2014 EPS Growth Of At Least 20% »

December 03, 2013 at 4:12AM PST | Source: Yum! Brands

Reports Estimated November China Division Same-Store Sales Increased 1%; Will Host Investor Update Meeting on Wednesday, December 4, 2013
LOUISVILLE, Ky. - December 02, 2013 - (BUSINESS WIRE) - Yum! Brands Inc. (NYSE: YUM), in advance of its Annual Investor Meeting, reconfirms its full-year 2013 EPS forecast of high-single to low double-digit decline versus prior year, excluding Special Items. Yum! expects to deliver at least 20% EPS growth in 2014, excluding Special Items.
David C. Novak, Chairman and CEO, said, "We expect to have a strong bounceback in 2014 following a year that is clearly below our high expectations. In China, we have an aggressive plan to reignite sales at KFC and we expect continued strong performance at Pizza Hut Casual Dining...

Yum! Brands Realigns Business Divisions To Propel Global Growth »

November 21, 2013 at 5:19AM PST | Source: Yum! Brands

US and Yum! Restaurants International Combined to Focus on Global Brands
LOUISVILLE, Ky. - November 20, 2013 - (BUSINESS WIRE) - Yum! Brands, Inc. (NYSE: YUM) today announced it is reorganizing its business to drive greater brand and geographic focus. Effective January 1, 2014, Yum! Brands, Inc. will combine its Yum! Restaurants International (YRI) and the U.S. individual divisions for KFC, Pizza Hut and Taco Bell. Yum! Restaurants China and Yum! Restaurants India will remain separate divisions given their strategic importance and enormous growth potential.
"As we move forward, I couldn’t be more confident that the best is yet to come—for our customers, our associates and our franchisees—as we leverage our brand portfolio to grow our business around the world...

Yum! Brands Directs $1.5 Million Of World Hunger Relief Funds To Philippines »

November 15, 2013 at 7:24AM PST | Source: Yum! Brands

November 15, 2013 // Franchising.com // LOUISVILLE, KY - Yum! Brands (NYSE: YUM), the parent company of KFC, Pizza Hut and Taco Bell, announced today that it is directing $1.5 million from its World Hunger Relief global effort to provide food to families affected by the recent typhoon in the Philippines. The funds will help the United Nations World Food Programme (WFP) feed those in urgent need of food assistance.
Typhoon Haiyan devastated the impoverished nation of 96 million people. According to the National Disaster Risk Reduction and Management Council, 9.6 million people are affected across 41 provinces, with more than 615,000 people displaced. These preliminary figures will likely increase as more information becomes available.
"The situation in the Philippines is devastating and our sympathies go out to everyone impacted by the typhoon," said David Novak, Chairman and CEO, Yum! Brands, Inc...

Yum! Brands Announces Opening Of 40,000th Restaurant With KFC In Goa, India To Spotlight Emerging Market Leadership And Growth »

October 22, 2013 at 6:38AM PDT | Source: Yum! Brands

By 2015, India to Have 1,000 Restaurants in More Than 100 Cities; Yum! and Franchise Partners Plan to Invest $10 Billion in Emerging Markets by 2020
LOUISVILLE, Ky. & GOA, India - October 22, 2013 - (BUSINESS WIRE) - Yum! Brands (NYSE: YUM), the world’s leading restaurant company, announced the opening of its 40,000th restaurant, a flagship KFC store in Goa, India, to spotlight the Company’s emerging market leadership and growth. By 2015, India is expected to have $1 Billion in system sales, which includes company and franchise restaurants. By then, the restaurant company will have over 1,000 KFC, Pizza Hut and Taco Bell outlets in more than 100 cities.
Yum! Brands is the worldwide leader in emerging markets with a two-to-one advantage over the nearest competition...

Yum! Brands Reports Third-Quarter 2013 EPS Declined 15%, Excluding Special Items »

October 09, 2013 at 8:18AM PDT | Source: Yum! Brands

Soft KFC China Sales and Higher Tax Rate Reduce Full-Year EPS Expectations
LOUISVILLE, Ky. - (BUSINESS WIRE) - Oct. 8, 2013 - Yum! Brands, Inc. (NYSE: YUM) today reported results for the third quarter ended September 7, 2013, including EPS of $0.85, excluding Special Items. Reported EPS was $0.33 for the quarter, which included a $0.55 non-cash charge related to the write-down of Little Sheep intangible assets.
Third-Quarter Highlights

Worldwide system sales grew 1%, prior to foreign currency translation, including 5% growth at Yum! Restaurants International (YRI). System sales declined 2% in China and were flat in the U.S.
Same-store sales declined 11% in China. Same-store sales grew 1% at YRI and were flat in the U...

Rob Lauber Named Chief Learning Officer Of The Year By Chief Learning Officer Magazine »

October 08, 2013 at 11:53AM PDT | Source: Yum! Brands

Multiple Honors Reflect Yum! Brands’ Learning Culture
October 08, 2013 // Franchising.com // LOUISVILLE, Kentucky - Yum! Brands, Inc. (NYSE: YUM) received several prestigious awards recently, recognizing the Company’s emphasis on education.
Rob Lauber, Vice President, Yum! University, was named Chief Learning Officer (CLO) of the Year by Chief Learning Officer magazine. Lauber also earned a Bronze Global Learning Award for his leadership in Yum!’s "Taking People With You" training. The awards were announced at this year's Chief Learning Officer Symposium in Palm Springs, Calif.
"Rob Lauber has played an integral role in developing and enabling Yum! Brands’ learning culture, which is focused on building people capability," said Anne Byerlein, Chief People Officer, Yum! Brands, Inc...

Yum! Brands, KFC, Pizza Hut And Taco Bell Launch World Hunger Relief Effort Featuring Global Spokesperson Christina Aguilera »

September 13, 2013 at 11:19AM PDT | Source: Yum! Brands

Aguilera Uses Powerful Voice To Help Nearly 1 Billion Hungry Worldwide
September 13, 2013 // Franchising.com // LOUISVILLE, KY – Yum! Brands (NYSE: YUM), parent company 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. Yum! Brands’ World Hunger Relief effort is the world’s largest private sector hunger relief initiative, spanning more than 130 countries and territories, over 39,000 KFC, Pizza Hut and Taco Bell restaurants and nearly 1.5 million employees...

Yum! Brands Reports Second-Quarter 2013 EPS Declined 16%, Excluding Special Items »

July 11, 2013 at 4:26AM PDT | Source: Yum! Brands

China Division Sales and Profits Declined Significantly; KFC China Sales Recovering as Expected
LOUISVILLE, Ky. - July 10, 2013 - (BUSINESS WIRE) - Yum! Brands, Inc. (NYSE: YUM) today reported results for the second quarter ended June 15, 2013, including EPS of $0.56, excluding Special Items. Reported EPS was $0.61 for the quarter.
Second-Quarter Highlights

Worldwide system sales grew 1%, prior to foreign currency translation, including 6% at Yum! Restaurants International (YRI) and 2% in the U.S. System sales declined 12% in China.
China Division sales and profits were significantly impacted by adverse publicity surrounding Avian flu, as well as the residual effect of the December poultry supply incident...

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