Yum! Brands, Inc. – Company Overview
|Company||Yum! Brands, Inc.|
|Headquarters||1441 Gardiner Lane, Louisville, KY 40213, USA|
|CFO||Patrick J. Grismer|
|Founder||Andrall E. Pearson|
|Founded||1997 (changed name to Yum! Brands, Inc., in 2002)|
|NYSE stock symbol||YUM|
|Revenue||$13,105 million USD (2015)|
|Operating profit||$1,921 million USD (2015)|
|Net income||$1,293 million USD (2015)|
Yum! Brands, Inc., is an American fast food restaurant company based in Louisville, Kentucky.
The company currently operates the KFC®, Taco Bell®, Pizza Hut®, and WingStreet® restaurant chains.
Yum! Brands is one of the leading fast food companies in terms of total locations, with over 40,000 restaurants in more than 125 countries and territories, and over 1.5 million associates.
Yum! was originally called Tricon Global Restaurants, Inc., an independent company formed in 1997 as a result of a corporate spin-off of the fast food division of PepsiCo.
In 2002 the company renamed itself to Yum! Brands, Inc.
According to Yum!, the company is going to be aggressively expanding operations (in domestic and foreign markets) for years to come. The company is “focused on the three keys to driving shareholder value: new-unit development, same-store sales growth and generating high returns on invested capital.”
The company’s primary competitors are McDonald’s (MCD), Domino’s Pizza (DPZ), and Burger King Holdings (BKC).
Yum! Brands, Inc. – Financial Results
|Key figures (in millions of USD)||2015*||2014*|
|Net costs and expenses||$11,184||$11,722|
|Income before income taxes||$1,787||$1,427|
|Cash and equivalents at end of year||$737||$578|
*Fiscal years ended December 26, 2015 and December 27, 2014