Profile: Yum! Brands Inc (YUM.N)
7 Mar 2014
YUM! Brands, Inc. (YUM), incorporated on May 30, 1997, is a quick service restaurant company based on number of system units, with over 39,000 units in more than 125 countries and territories. The Company, through three concepts of KFC, Pizza Hut and Taco Bell (Concepts) develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of priced food items. The Company operates in six segments: YUM Restaurants China (China or China Division), YUM Restaurants International (YRI or International Division), Taco Bell U.S., KFC U.S., Pizza Hut U.S. and YUM Restaurants India (India or India Division). The China Division includes mainland China, and the India Division includes India, Bangladesh, Mauritius, Nepal and Sri Lanka. YRI includes the remainder of its international operations.
The China Division, based in Shanghai, China consists of approximately 5,700 system restaurants, primarily Company-owned KFCs and Pizza Huts. The Company also owns non-controlling interests in Chinese entities who operate in a manner similar to KFC franchisees. YRI, based in Plano, Texas consists of approximately 14,600 system restaurants, primarily franchised KFCs and Pizza Huts, operating in over 120 countries outside the United States, China and India. The Company has approximately 18,000 system restaurants, primarily franchised restaurants, in the United States. The India Division, based in Delhi, India consists of approximately 600 system restaurants. Through its Concepts, YUM develops, operates, franchises and licenses a worldwide system of both traditional and non-traditional QSR restaurants. Traditional units feature dine-in, carryout and, in some instances, drive-thru or delivery services. Non-traditional units, which are typically licensed outlets, include express units and kiosks which have a more limited menu, usually lower sales volumes and operate in non-traditional locations like malls, airports, gasoline service stations, train stations, subways, convenience stores, stadiums, amusement parks and colleges, where a full-scale traditional outlet would not be practical or efficient.
KFC operates in 120 countries and territories throughout the world. As of December 31, 2012, KFC had 4,260 units in China, 9,040 units in YRI, 4,618 units in the United States and 280 units in India. Approximately 79% of the China units, 11% of the YRI units, 5% of the United States units and 40% of the India units were Company-owned. Pizza Hut operates in 97 countries and territories throughout the world. As of December 31, 2012, Pizza Hut had 987 units in China, 5,304 units in YRI, 7,756 units in the United States and 310 units in India. Nearly 100% of the China units and approximately 4% of the YRI units, 6% of the United States units, and 1% of the India units were Company-owned. Taco Bell operates in 27 countries and territories throughout the world. As of December 31, 2012, there were 5,695 Taco Bell units in the United States, 282 units in YRI and three units in India. Approximately 18% of the United States units, none of the YRI units and 100% of the India units were Company-owned.
Yum! Brands Inc
1441 Gardiner Lane
LOUISVILLE KY 40213