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Yum Brands

Leading operator of fast-food restaurants.

Headquarters:
1441 Gardiner Lane
Louisville, KY 40213
Employees: 1,500,000
CEO: David Novak
Stock Symbol: YUM

Website: http://www.yum.com

Career Site

Yum Brands is the world's largest restaurant company with over 40,000 restaurants in more than 125 countries and territories. Its well-known brands include Pizza Hut, KFC and Taco Bell.

A total of 90% of U.S. locations are owned by franchisees.

KFC is the world's most popular chicken restaurant chain, specializing in Original Recipe, Extra Crispy, Colonel's Crispy Strips and Honey BBQ Wings, with home-style sides and freshly made chicken sandwiches. Since its founding by Colonel Harland Sanders in 1952, KFC has been serving customers delicious, already prepared complete family meals at affordable prices. There are 13,900 KFC restaurants with over 4,500 in the U.S.

Pizza Hut, based in Plano, TX, is the world's largest pizza restaurant, specializing in the following pizzas: Pan Pizza, Thin 'N Crispy Pizza, Hand-Tossed Style Pizza and Stuffed Crust Pizza. The chain was founded by brothers Dan and Frank Carney in 1958. There are 13,400 Pizza Hut restaurants with 7,800 in the U.S.

Taco Bell, based in Irvine, CA, is the nation's leading Mexican-style fast-food chain serving tacos, burritos, signature quesadillas, Border Bowls, nachos and other specialty items. The chain was founded by Glen Bell in 1962. There are over 5,700 Taco Bell restaurants in the U.S. and 300 in 20 countries.

Yum Brands implements practices and procedures to maintain a high level of service including Customer Mania Training and CHAMPS (which measures operational basics like Cleanliness, Hospitality, Accuracy, Maintenance, Product Quality and Speed).

In 2013, Yum reported $13.0 billion in revenues, an 4% decline, and net income of $1.09 billion. The company's top five markets by restaurants are the USA, China, Japan, Great Britain and Canada.

Worldwide system sales grew 2% and declined in China by 4%. System sales in the U.S. were up by 1%. The company opened 1,952 new international restaurants in 2013 with 740 in China and 150 in India.

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.

Taco Bell introduced Doritos Locos Tacos in 2012 and has sold well over $1 billion worth of the Doritos shell tacos which now include Cool Ranch and Fiery flavors.

Taco Bell plans a national launch of breakfast menu this year.

KFC introduced Go Cups in October 2013 which offers snacks for people on the go.

History

Yum Brands became Tricon Global Restaurants, Inc., an independent, publicly owned company on October 7, 1997, as a result of a spin-off from PepsiCo, who owned, and franchised the KFC, Pizza Hut, and Taco Bell brands worldwide.

In March 2002, Tricon announced the acquisition of Yorkshire Global Restaurants, headquartered in Lexington, KY, and its two brands: Long John Silver's and A&W All-American Food. The executives decided to change the company's name to Yum Brands, Inc., which better reflected the entire portfolio of restaurants as well as the company's New York Stock Exchange ticker: YUM.

In October 2009, Yum opened its 13,000th restaurant outside the United States with a KFC in New Delhi, India.

In 2011, Yum sold off the A&W and Long John Silver's chain of restaurants.

Benefits

- Medical Coverage and Prescription Benefits
- Dental Coverage
- Vision/Hearing Coverage
- Life and Disability Insurance
- 401k Plan - Company matches first 5% of pay contributed-and that match is immediately vested.
- Stock Options
- Health Care and Dependent Care Reserve Accounts
- Adoption Assistance
- Employee Assistance Program
- Group Legal Plan
- Yum Scholarship Program
- Tuition Reimbursement
- College-Planning Assistance
- Employee Discount Programs
- Credit Union
- Paid Vacation

Updated February 3, 2014