Yum! Brands
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Yum! Brands

Yum! Brands
Yum! Brands
Yum! Brands operates or licenses Taco Bell, KFC, Pizza Hut, and other restaurants. It generates more than half of its overall operating profit in China, where it is the biggest Western restaurant operator with roughly 6,000 mostly KFC restaurants.
Chairman / President
David Gibbs
CEO / Managing Director
Tracy Skeans
CFO / Finance Director
Chris Turner
Industry
Food
Website
yum.com
Headquarters address
Yum! Brands RSC, 1900 Colonel Sanders Lane, Louisville, Kentucky, U.S.
Stock Code
NYSE:YUM
Year founded
1997
last updated:
30 September, 2024
A McDonald’s Quarter Pounder hamburger. Photo: Reuters
United States

US fast-food chains hold the onions after McDonald’s E coli outbreak

McDonald’s pulls Quarter Pounder from about 20 per cent of its more than 13,000 US restaurants, as other chains remove onions.

Banking & finance

KFC, McDonald’s, Haidilao push small-store format in fight for consumers

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India

India’s crackdown on McDonald’s ‘real cheese’ sparks wider fast-food chain probe

China stock market

China price wars help spark US$157 billion rout in mainland consumer stocks

The biggest drags on the MSCI benchmark since the end of September 2023 include Alibaba, Yum China and BYD, which have all been offering big discounts.

Consumer stocks have been the worst performers on the MSCI China Index since the end of September 2023. Image: Shutterstock
China's border reopening

KFC and Pizza Hut operator Yum China ups the ante on Chinese cuisine

The company is melding more local specialities into its dishes to cater to budget-conscious consumers as it moves to capitalise on China’s economic recovery after the end of Covid-19 restrictions.

Coronavirus China

‘Worst is over’: Pizza Hut operator Yum China to open up to 1,300 stores

Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, will open another 1,100 to 1,300 stores this year.

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Food and Drinks

KFC, Pizza Hut’s China operator sees profit slashed in half by Covid curbs

Yum China Holdings said its earnings in the three months ended June 30 came to US$83 million, down 54 per cent from the same period last year after stringent pandemic measures barred diners.

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Pedestrians walk past a Pizza Hut restaurant and a KFC restaurant, both operated by Yum China, in Beijing. Photo: Bloomberg
Accounting and auditing

China plans new approach to end deadlock with the US over auditing

The plan relegates the CSRC to the back seat in the auditing dispute between the US and China, from the role it has held since 2016 as the collector and gatekeeper of China’s audit working papers.

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IPO

How did Joey Wat become leader of China’s largest restaurant company?

She saved the UK’s struggling cosmetics chain Savers, then she maximised profits at KFC China – but how did the millionaire and Fortune 500-listed CEO get where she is today?

Banking & finance

Hong Kong bank deposits surge by US$50 billion in August on IPO magnet

HKMA forced to intervene to weaken currency 15 times in September as hot money chases hot Chinese IPOs, secondary listings in the city.

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Hong Kong’s monetary authority has intervened 53 times so far this year to weaken its currency amid an inflow of hot money chasing after stock offerings. Photo: Winson Wong
Consumers

Yum China sees delivery business leading coronavirus recovery

The outbreak has accelerated the adoption of food deliveries and takeaway, according to the company, which runs about 10,000 restaurants under brands such as KFC and Pizza Hut on the mainland.

Pizza Hut and KFC restaurants in Beijing. Yum China was among the earliest restaurant groups in China to embrace delivery. Photo: Bloomberg
Banking & finance

KFC operator Yum China to raise US$2.2 billion in Hong Kong listing

Yum China, the operator of KFC, Pizza Hut and Taco Bell in mainland China, is the latest US-listed firm to raise capital in Hong Kong.

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Banking & finance

KFC operator gets approval for stock listing in Hong Kong

The secondary listing of Yum China, the operator of KFC, Pizza Hut and Taco Bell, could come as soon as September, a source says.

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Veganism and vegetarianism

Yum China to bring Beyond Meat's plant-based burgers to China

Beyond Burgers will be introduced as a limited-time offering at select KFC, Pizza Hut and Taco Bell locations in mainland China, Yum China Holdings says.

Packages of Beyond Meat plant-based burger patties are displayed for a photograph in Illinois, US, on Tuesday, April 23, 2019. Photo: Bloomberg
Coronavirus pandemic

Coronavirus: KFC operator Yum China forced to shut one-third of stores

Yum China Holdings, the Shanghai-based operator of Pizza Hut, KFC and Taco Bell restaurants in mainland China, has been forced to temporarily close about a third of its restaurants because of the coronavirus outbreak, it said overnight.

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Pedestrians wear protective masks in Shanghai on Wednesday. Yum China’s same-store sales grew 3 per cent year on year in 2019, driven by KFC. Photo: Bloomberg
IPO

Yum China to work with CICC, Goldman on second listing in Hong Kong

Yum China Holdings Inc is working with China International Capital Corp and Goldman Sachs on the preparations of a second listing in Hong Kong, fuelling the wave of US-listed Chinese companies returning to a market that is closer to home.

Veganism and vegetarianism

KFC to hold US trial of vegan ‘chicken’ nuggets

Fast-food chain working with meat substitute company Beyond Meat for one-day trial that could see item appear on menus across the United States.

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CNBC

KFC is selling its own smartphones in China

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A customer walks out of a KFC restaurant in Shanghai, China. Photo: REUTERS/Aly Song

Taco Bell opening more stores in China, India and others

Mergers & Acquisitions

New | Yum China buying majority stake in delivery firm Daojia

Kentucky Fried Chicken’s new colonel is brat packer Rob Lowe

KFC gives up on chickens injected with antibiotics

KFC’s decision will make more than half of the US poultry supply antibiotic free
CNBC

Taco Bell to open 1,000 restaurants in China in the next five years

Taco Bell’s Chinese foray to test appetite for nacho cheese

New | Yum blames South China Sea for battering results in Asia

Mergers & Acquisitions

New | Alibaba’s payments unit and Primavera Capital to invest in Yum Brands’ China spin-off

Yum’s China unit to operate independently from Yum Brands’ worldwide business, list on New York Stock Exchange on November 1

Taco Bell CEO to take the helm at Yum Brands

Greg Creed, who has led the Taco Bell chain since early 2011, will replace David Novak as Yum's chief executive on January 1 next year, the company said on Thursday.

KFC parent Yum Brands warns on China sales; shares slump 7.5pc

KFC parent Yum Brands warned that it would take longer than expected for its restaurant sales in China to rebound, delaying a recovery in the market that accounts for more than half of the company's overall operating profit.

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