Yum! Brands is an American fast food company with headquarters in Louisville, Kentucky. It is the world’s largest fast food restaurant chain, with over 45,000 restaurants in more than 125 countries. The company was founded in 1997 when the former parent company, Tricon Global Restaurants, spun off its quick-service restaurants into a separate entity. Since then, Yum! Brands has grown to become one of the largest fast food companies in the world. It owns a portfolio of popular brands, including KFC, Pizza Hut, Taco Bell, Long John Silver’s, A&W, and WingStreet.
The Origins of Yum! Brands
Yum! Brands traces its roots back to Tricon Global Restaurants, which was founded in 1997 by PepsiCo. The company was formed when PepsiCo spun off its quick-service restaurants, including KFC, Pizza Hut, and Taco Bell. At the time, the company operated over 34,000 restaurants across the globe, making it the world’s largest restaurant company. In 2002, Tricon Global Restaurants changed its name to Yum! Brands, Inc. to better reflect the company’s global presence.
Growth and Expansion
Over the years, Yum! Brands has continued to expand its portfolio of brands through acquisitions and new restaurant concepts. In 2004, it acquired Long John Silver’s and A&W Restaurants. In 2011, it acquired WingStreet, a fast-casual chicken wing chain. In 2013, it opened its first KFC restaurant in China. The company has also launched several new restaurant concepts, including Super Chix, Banh Shop, and Habit Burger Grill. Today, Yum! Brands has over 45,000 restaurants in more than 125 countries.
Yum! Brands Today
Today, Yum! Brands is one of the world’s largest fast food companies, with over 45,000 restaurants in more than 125 countries. The company owns a portfolio of popular brands, including KFC, Pizza Hut, Taco Bell, Long John Silver’s, A&W, and WingStreet. In addition, it operates several new restaurant concepts, including Super Chix, Banh Shop, and Habit Burger Grill. Yum! Brands is committed to delivering great food, great service, and great people to its customers.
Yum! Brands Corporate Responsibility
Yum! Brands is committed to being a responsible corporate citizen. The company has established global standards for food safety, animal welfare, and environmental sustainability. It also has a zero-tolerance policy for any kind of discrimination or harassment. In addition, it invests in local communities through grants and volunteer programs. Yum! Brands also supports a number of causes, including hunger relief, literacy, and disaster relief.
Yum! Brands Leadership
Yum! Brands is led by CEO David Gibbs and Chairman David Novak. Both have extensive experience in the restaurant industry. Gibbs was previously the President and Chief Operating Officer for Yum! Brands, and Novak is the former CEO of Tricon Global Restaurants. The company’s board of directors includes several prominent business leaders, including Indra Nooyi, former CEO of PepsiCo, and Bill Johnson, former CEO of H.J. Heinz Company.
Yum! Brands Financials
Yum! Brands has a market capitalization of over $30 billion. The company reported total revenues of $5.4 billion in fiscal year 2020. It reported net income of $1.2 billion, and operating margin of 22.2%. The company’s stock price has been volatile in recent years, but it has outperformed the S&P 500 over the past five years.
The Future of Yum! Brands
Yum! Brands is well-positioned for future growth. The company has a strong portfolio of brands and a growing presence in emerging markets. It is investing heavily in technology and innovation to improve customer experience. In addition, the company is focusing on sustainability and corporate responsibility. The future looks bright for Yum! Brands, and the company is well-positioned to continue its success in the years to come.