Yum! Responsibility
At Yum! Corporate Responsibility is our commitment to people, the environment, and society as a whole. Based in Louisville, Kentucky, Yum! Brands, Inc. is the world's largest restaurant company, with more than 36,000 restaurants in more than 110 countries and territories.
Results for 2008 once again affirmed our consistent record of success with 14 percent Earnings Per Share (EPS) growth, which marks the seventh straight year we delivered at least 13% growth and exceeded our 10% EPS growth target. For the full year 2008, we generated 3% worldwide same-store-sales growth and opened 1,495 new restaurants outside the U.S. We also returned $2 billion to our shareholders through our dividend and share repurchase programs. Importantly, we continue to be an industry leader in Return on Invested Capital (ROIC) and our 2008 performance was an all-time high of 20%.
We're proud of 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! is a place where anyone can, and does, make a difference.
Going for Greatness by Serving the World
At Yum! Brands, we take very seriously our responsibility to our associates, our customers and the communities in which we do business. We aspire to be the best in the world at building great brands and running great restaurants. And we're committed to making a positive difference by Serving the World. Read More...
Letter from Jonathan Blum - Senior Vice President, Chief Public Affairs Officer,
We plan to expand our movement year over year to help wipe out hunger in impoverished parts of the world where they've never even heard of our restaurant brands. Read More...
2008 CR Report
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Our Commitment
Our commitment to our associates goes beyond just growing their professional skills. For many of our team members, working in one of our restaurants is often their first job. So we strive to develop their life skills - foundational abilities such as teamwork, responsibility, problem solving, positive energy, and a relentless drive to serve and satisfy customers - so they can grow to their full capability, be successful in whatever they do, and achieve their dreams.
This commitment to people extends to the communities we serve across the world. CR is central to our ability to succeed in the marketplace and to be positive, responsible corporate citizens. Because we're the largest restaurant company in the world and we're passionate about helping people better themselves and their communities, we're determined to address three critical challenges:
- The health and nutritional needs of our consumers;
- Feeding the world's hungry; and
- Understanding and respecting the sensitive environmental and agricultural resources on which our business depends.
The Future of Giving at Yum!
We believe that giving back and making a difference in the lives of the less fortunate is our privilege and our responsibility. The charitable spirit and culture of Yum! directs our efforts around the globe.
World Hunger Relief is our signature global program to address hunger and hopelessness. Our partnership with the U.N. World Food Programme has succeeded in ways we never imagined possible. Through it we have gone beyond making a contribution to relieving hunger and we have built momentum for ongoing volunteerism and community engagement globally by giving our associates the tools, opportunities and encouragement to place themselves at the heart of pressing societal issues.
It is not an easy task to rally our 1.4 million associates across the world around a single cause. Our work in 2007 was a great start, but more can and must be done. We have set a goal for 2008 of 100 percent systemwide participation, 5 million volunteer hours and a minimum $1,000 USD raised by every company and franchise restaurant in our system. In addition, we've taken our program to an even higher level by engaging in and making a global commitment at the Clinton Global Initiative held in late September, 2008 in New York City. Yum! Brands committed to raising and donating $80 million in cash over five years to help the WFP and other hunger relief agencies provide 200 million meals to school children in the areas of greatest need around the globe.
We will look to this flagship program as a best practice and example for our future global initiatives.