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Yum! Brands, Inc. (YUM) operates a global system of over 58,000 restaurants in more than 155 countries and territories under four main concepts: KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill . The company specializes in offering a variety of fast-food options, including chicken products, Mexican-style food, pizza, and chargrilled burgers . The majority of Yum! Brands' restaurants are operated by franchisees, with franchise and property revenues playing a significant role in the company's financial structure .
- KFC - Specializes in chicken products, offering a wide range of fried and grilled chicken meals.
- Taco Bell - Offers Mexican-style food, including tacos, burritos, and other specialty items.
- Pizza Hut - Focuses on pizza, providing a variety of pizza styles and complementary side dishes.
- The Habit Burger Grill - Known for chargrilled burgers, offering a fast-casual dining experience.
Name | Position | External Roles | Short Bio | |
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Aaron Powell Executive | CEO of the Pizza Hut Division | None | Aaron Powell joined Yum! Brands in September 2021 as CEO of the Pizza Hut Division. He has focused on digital transformation and modernizing Pizza Hut. | |
Christopher Turner Executive | Chief Financial Officer | None | Christopher Turner has been CFO since August 2019, overseeing finance, corporate strategy, supply chain, and IT. He previously held senior roles at PepsiCo and McKinsey & Company. | |
David Russell Executive | Senior Vice President, Finance and Corporate Controller | None | David Russell has been with Yum! since 1999 and serves as SVP, Finance and Corporate Controller. He marked his 100th quarterly earnings announcement in 2024. | |
David W. Gibbs Executive | Chief Executive Officer | Director of Under Armour, Inc. | David W. Gibbs has been with YUM! Brands for over 30 years, serving in various leadership roles. He became CEO in January 2020 and has been instrumental in YUM's transformation into a capital-light franchisor. | |
Sabir Sami Executive | CEO of the KFC Division | None | Sabir Sami has been CEO of the KFC Division since January 2022. He announced his resignation effective March 1, 2025, but will remain as an advisor until March 2026. | |
Sean Tresvant Executive | CEO of the Taco Bell Division | None | Sean Tresvant became CEO of the Taco Bell Division on January 1, 2024. He joined Taco Bell in January 2022 and has a background in brand strategy from Nike. | |
Tracy Skeans Executive | Chief Operating Officer and Chief People Officer | None | Tracy Skeans joined YUM in 2000 and has held various leadership roles. She has been COO since January 2021 and CPO since January 2016, contributing to record-breaking development growth. | |
Annie Young-Scrivner Board | Director | CEO of Wella Company | Annie Young-Scrivner joined the Yum! Brands Board in 2020. She is the CEO of Wella Company and has held leadership roles at Godiva and Starbucks. | |
Brian C. Cornell Board | Non-Executive Chairman | Chairperson and CEO of Target Corporation | Brian C. Cornell has been a director at YUM since 2015 and Non-Executive Chairman since November 2018. He is also the CEO of Target Corporation. | |
Christopher Connor Board | Director | Board Member at International Paper Company | Christopher Connor has been a director at YUM since 2017. He is the former Chairman and CEO of The Sherwin-Williams Company. | |
M. Brett Biggs Board | Director | Board of Directors at Adobe, Inc. and The Procter & Gamble Company | M. Brett Biggs joined the Yum! Brands Board in August 2023. He has extensive experience in finance and strategic planning from his previous roles at Walmart. | |
P. Justin Skala Board | Director | CEO of ZO Skin Health | P. Justin Skala has been a director at YUM since 2016. He has held various leadership roles in global companies, including Colgate-Palmolive. | |
Susan Doniz Board | Director | CIO and SVP of IT & Data Analytics at Boeing Company | Susan Doniz joined the Yum! Brands Board in August 2023. She brings extensive technology and cybersecurity expertise and is also CIO at Boeing. | |
Tanya L. Domier Board | Director | Board Member at Little Leaf Farms | Tanya L. Domier has been a director at YUM since 2018. She was previously CEO of Advantage Solutions and has extensive experience in strategic planning and finance. |
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Given that sales trended below expectations this quarter due to challenges in the U.S., soft trends in China, and pressures from the Middle East conflict, can you elaborate on the specific strategies you are implementing to mitigate these headwinds and drive sales growth in these key markets?
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You've mentioned the risk of not achieving your 5% unit growth target due to increased closures, particularly in markets affected by the Middle East conflict. How do you plan to address these closures, and what measures are you taking to ensure unit growth returns to your long-term targets?
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With elevated closures impacting net new unit growth, especially in the Middle East and China, how is this affecting your overall system sales growth, and do you expect these challenges to continue into next year?
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The complex consumer environment has led to significant same-store sales declines in certain markets, with KFC same-store sales declines ranging between 15% and 45% throughout the year. How confident are you in offsetting these declines through growth in other regions, and what initiatives are you implementing to improve same-store sales performance globally?
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Your net leverage ratio ended the quarter at 4.1x, and you've stated that you have no debt maturities until 2026. Given the challenging operating environment and potential pressures on cash flow, how do you assess your balance sheet flexibility and capital allocation priorities moving forward?
Competitors mentioned in the company's latest 10K filing.
Company | Description |
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Identified as a competitor in the quick service restaurant (QSR) industry, which includes entities engaged in delivery-oriented restaurant services. | |
Listed as a competitor in the QSR industry, particularly in the pizza segment. | |
Recognized as a competitor in the QSR industry, which includes coffee and snack-focused establishments. | |
Mentioned as a competitor in the QSR industry, focusing on burgers and fast food. | |
Identified as a competitor in the pizza segment of the QSR industry. | |
Includes brands such as Burger King, Tim Horton’s, and Popeye’s Chicken, competing in the QSR industry. | |
Culver’s | Listed as a competitor in the QSR industry, known for its burgers and frozen custard. |
In-N-Out Burger | Recognized as a competitor in the QSR industry, specializing in burgers. |
Sonic | Mentioned as a competitor in the QSR industry, offering drive-in fast food services. |
Hardee’s | Identified as a competitor in the QSR industry, focusing on burgers and fast food. |
Arby’s | Listed as a competitor in the QSR industry, known for its sandwiches. |
Recognized as a competitor in the QSR industry, offering a variety of fast food items. | |
Chick-fil-A | Mentioned as a competitor in the QSR industry, specializing in chicken-based menu items. |
Identified as a competitor in the QSR industry, focusing on Mexican-style food. | |
Q-doba | Listed as a competitor in the QSR industry, specializing in Mexican-style food. |
Panera Bread | Recognized as a competitor in the QSR industry, offering bakery-café style food. |
Subway | Mentioned as a competitor in the QSR industry, focusing on sandwiches. |
Dunkin’ Brands | Identified as a competitor in the QSR industry, known for coffee and baked goods. |
Five Guys | Listed as a competitor in the QSR industry, specializing in burgers and fries. |
Bojangles | Recognized as a competitor in the QSR industry, focusing on chicken and biscuits. |
Church’s | Mentioned as a competitor in the QSR industry, specializing in fried chicken. |
Del Taco | Identified as a competitor in the QSR industry, offering Mexican-style food. |
Little Caesars | Listed as a competitor in the pizza segment of the QSR industry. |
Dico’s | Recognized as a competitor in the QSR industry, particularly in international markets. |
Jollibee | Mentioned as a competitor in the QSR industry, with a strong presence in international markets. |
Blaze | Identified as a competitor in the QSR industry, focusing on fast-casual pizza. |
MOD Pizza | Listed as a competitor in the QSR industry, specializing in fast-casual pizza. |
Olive Garden | Recognized as a competitor in the casual dining segment, offering Italian-American cuisine. |
JAB Holding Company | Mentioned as a competitor in the QSR industry, owning various food and beverage brands. |
Identified as a competitor in the casual dining segment, owning multiple restaurant brands. | |
Inspire Brands | Listed as a competitor in the QSR industry, owning multiple fast food and casual dining brands. |
Focus Brands | Recognized as a competitor in the QSR industry, owning various food and beverage brands. |
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
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218 KFC Franchise Restaurants in U.K. & Ireland | 2024 | The acquisition was completed on April 29, 2024, with a total deal value of $171 million – structured as $174 million in cash (net of cash acquired) offset by a $3 million liability, and accounted for as a business combination with allocations including $79 million in goodwill, $47 million in reacquired franchise rights (useful life of 5 years), and $85 million in property, plant, and equipment. This strategic acquisition aims to accelerate growth in the large and growing U.K. and Ireland chicken market, generating an anticipated $40 million of incremental EBITDA within 12 months, and was funded entirely using cash on hand. |
Recent press releases and 8-K filings for YUM.
- Q1 2025 earnings: GAAP EPS of $0.90 and EPS excluding Special Items of $1.30, with a 5% increase in GAAP operating profit and 8% Core Operating Profit growth .
- Strong performance driven by 9% same-store sales growth at Taco Bell U.S., 7% unit growth for KFC International, and a 5% increase in worldwide system sales .
- Digital transformation remains a key focus with the success of Byte by Yum! and a new collaboration with NVIDIA to boost AI-driven initiatives, alongside Taco Bell’s investor event unveiling a 2030 growth plan .
- Strategic operational improvements at Pizza Hut and enhanced store-level margins underline ongoing cost management efforts .
- Leadership transitions include CEO David Gibbs retiring in Q1 2026 and an executive retiring next year after a 37-year career, signaling fresh management changes .
- Partnership with NVIDIA: Yum Brands is collaborating with NVIDIA to accelerate the development of innovative AI technologies across its global portfolio of restaurants, enhancing operational and customer experiences.
- AI Deployment Initiatives: The collaboration includes deploying AI-powered voice order-taking agents and computer vision analytics, with successful pilots at select Taco Bell and Pizza Hut locations and plans to expand to 500 restaurants in Q2.