A Message from David Gibbs

Last year was one of remarkable growth for Yum!. In 2023, we saw strong sales and industry-leading restaurant development because of the investments we made in people and the systems behind them. At a time when consumers are seeking innovative and affordable products and have an increased expectation for companies to do good, Yum! employees and franchisees stepped up to deliver.

Focusing on Good Growth allowed us to have a milestone year. Our Good Growth Strategy is grounded in the idea that our growth and brand relevance will only endure if our brands are inclusive, sustainable and reflective of evolving employee, franchisee and stakeholder needs. Our ability to respond to these needs is what sets Yum! apart as both an employer and a restaurant operator. Our Growth includes cultivating unrivaled culture and talent, bold restaurant development, relevant brands and unmatched operating capability, and we’ve done so while aligning this work with our Good priorities of People, Food and Planet.

As the world’s largest restaurant company, our stakeholder-driven approach has an impact on a global scale. By focusing on People, we’ve helped our franchisees create tens of thousands of good jobs worldwide. We’ve also made community investments in skill-building and training programs that unlock opportunity for those who need it most. Our commitment to excellent Food means we carefully select the ingredients used in millions of meals every day and ensure suppliers responsibly and sustainably raise the many animals and agricultural products we source. And we care for the Planet, eliminating tens of thousands of metric tons of emissions from our operations and supply chain, being mindful of our environmental impact.

The benefits of prioritizing Good Growth were clear in 2023. I’m incredibly proud of our progress and the people who made it possible. Together, I’m confident we can continue to innovate while maintaining the most loved, most trusted and fastest-growing iconic restaurant brands customers know and admire.