Yum! Brands
 | |
| Company type | Public (NYSE: YUM) |
|---|---|
| Founded | 1997 as Tricon Global Restaurants, Inc. 2002 - rename, merger of Tricon and Yorkshire |
| Headquarters |  Louisville, Kentucky, US |
Area served | Worldwide |
Key people | David C. Novak (Chairman and CEO) Rick Carucci (Chief Financial Officer) Sam Su (Vice Chairman and President) Emil Brolick (Chief Operating Officer) Anne Byerleine (Chief People Officer) |
| Revenue |  US$10.8 Billion (FY 2009)[1] |
2,187,000,000 United States dollar (2022)  | |
| US$1.10 Billion (FY 2009)[1] | |
| Total assets | US$7.15 Billion (FY 2009)[2] |
| Total equity | US$1.02 Billion (FY 2009)[2] |
Number of employees | 336,000 (as of December 2008) |
| Website | www.yum.com |
Yum! Brands, Inc. (NYSE: YUM) or Yum! is a Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, Wingstreet, and Long John Silver's restaurants worldwide, and A&W Restaurants (excluding A&W in Canada).
Based in Louisville, Kentucky, it is the world's largest fast food restaurant company in terms of system units—nearly 37,000 restaurants around the world in more than 110 countries and territories.[4] In 2009, Yum!'s global sales totaled nearly US$11 billion.
History
Yum! was created on October 7, 1997, as Tricon Global Restaurants, Inc. an independent company, as a result of a spin-out from PepsiCo, which owned and franchised the KFC, Pizza Hut and Taco Bell brands worldwide. Because of the company's previous relationship with Pepsi, Yum! Brands has a lifetime contract with PepsiCo, with notable exceptions being the contract of A&W Restaurants with Dr Pepper Snapple Group to be the exclusive restaurant provider of A&W Root Beer, and the contracts of franchisees such as HMSHost and college-operated locations with Coca-Cola which override Yum's lifetime PepsiCo contract, along with some scattered KFC franchises across the United States which continue to maintain Coke fountain rights.
Yum! Chairman & CEO David C. Novak is a director of J.P. Morgan Chase and became chief executive officer of Yum! Brands on January 1, 2000, and chairman of the board on January 1, 2001. He is also a member of the Yum! executive/finance committee.
In March 2002, Tricon announced the acquisition of Lexington, Kentucky,-based Yorkshire Global Restaurants, owner of the Long John Silver's and A&W All-American Food chains and its intention to change the company's name to Yum! Brands, Inc. On May 16, 2002, the name change became effective after a vote during the company's annual shareholders meeting, and on June 17, 2002, Yum! executed a two-for-one stock split. Shortly afterwards, due to Yum!'s lifetime contract with Pepsi, Long John Silver's and A&W Restaurants (both of which previously served Coca-Cola) switched to Pepsi products once their franchise contracts expired, with A&W retaining A&W Root Beer from a separate deal with Dr Pepper Snapple Group.
The growth of Yum! Brands throughout the United States has slowed from its previous rapid expansion because the chain has saturated most of the domestic market. The future growth of Yum! Brands is targeted mainly at other countries; China in particular has a large population and is enjoying increases in income.[5]
Since 2006, Yum! Brands has served as the corporate sponsor of the Kentucky Derby.[6]
Brands
- A&W Restaurants (global, limited in Canada)
- KFC / Kentucky Fried Chicken (global)
- Pizza Hut (global)
- Taco Bell (global)
- WingStreet (United States, Canada, Germany and Cyprus)
- Long John Silver's (United States, Puerto Rico, Taiwan, New Zealand, Australia and Singapore)
- Dong Fang Ji Bai 东方既白 (East Dawning) (People's Republic of China)
See also
- Priszm Income Fund — owns the Canadian franchises for all Yum! divisions except for A&W (whose Canadian franchises are the property of a separate company) and Dong Fang Ji Bai (which does not operate outside of the People's Republic of China).
Notes
- ^ a b Yum! Brands (YUM) annual SEC income statement filing via Wikinvest
- ^ a b Yum! Brands (YUM) annual SEC balance sheet filing via Wikinvest
- ^ "Company Profile for YUM! Brands Inc (YUM)". Retrieved 2008-09-30.
- ^ About Yum! Brands - Yum! Brands, Inc
- ^ Fool on Call: Yum! Brands' Wall of China
- ^ Kentucky Derby including Yum Brands in its name - May. 5, 2006
External links
- Yum Brands' website
- Diners Walk Through One Door and Visit Two Restaurants Article in The New York Times (July 11, 2005) on Yum!'s strategy of multibranding restaurants
- Yum Brands and World Hunger Relief Week
- Fast food's yummy secret: America's second-biggest fast-food group is as successful as it is little known Special report in The Economist (August 27, 2005) on Yum! Brands