Yum! Brands, Inc., (NYSE: YUM), based in Louisville, Kentucky, is one of the world’s largest restaurant companies with over 40,000 restaurants in more than 125 countries and territories. Yum! Brands is ranked #216 on the FORTUNE 500 list with revenues of more than $13 billion and in 2014 was named among the 100 Best Corporate Citizens by Corporate Responsibility Magazine. Our restaurant brands – KFC®, Pizza Hut® and Taco Bell® – are the global leaders of the chicken, pizza and Mexican-style food categories.
Since our spin-off from PepsiCo in 1997, Yum! Brands has become a truly global company going from approximately 20 percent of profits coming from outside the U.S. to almost 70 percent in 2013. We’re a leader in international retail development, opening on average over five new restaurants per day outside the U.S. in 2013.
Yum! Brands has a portfolio of brands with leadership positions in China and other emerging markets, with a long runway for growth. We’re proud to be the worldwide leader in emerging markets with more than 14,000 restaurants, nearly twice as many as the nearest competition. With only 2 restaurants per million people in the top 10 emerging markets, compared to 58 restaurants per million in the U.S., we are on the ground floor of global growth.
We’re excited about the future and we’re building a vibrant global business by focusing on three key business strategies:
- Build powerful brands through superior marketing, breakthrough innovation and compelling value with a foundation built on winning food and world class operations.
- Drive aggressive unit expansion everywhere, especially in emerging markets, and build leading brands in every significant category in China and India.
- Create industry-leading returns through franchising and disciplined use of capital and maximize long-term shareholder value.
With our announcement to combine our Yum! Restaurants International (YRI) and U.S. individual divisions for KFC, Pizza Hut and Taco Bell, effective January 1, 2014, we are well positioned to more aggressively accelerate growth in the years ahead. Yum! Restaurants China and Yum! Restaurants India remain separate divisions given their strategic importance and enormous growth potential. We remain focused on the three keys to driving shareholder value: new-unit development, same-store sales growth and generating high returns on invested capital.
Importantly, we’re extremely proud of our 1.5 million associates around the globe and the unique culture we’ve built, one that’s filled with energy, opportunity, and fun. We believe in our people, trust in their positive intentions, encourage ideas from everyone, and have actively developed a workforce that is diverse in style and background. Yum! Brands is a place where anyone can, and does, make a difference.
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