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Encyclopedia > Yum! Brands
YUM! Brands, Inc.
Type Public (NYSE:YUM)
Founded 1997
Headquarters Louisville, Kentucky
Key people David C. Novak, Chairman & CEO
Industry Restaurants
Revenue USD$9.561 billion USD (2006)
Net income $824 million USD (2006)
Employees 53,200 (Dec 2006)
Divisions A&W Restaurants
East Dawning (东方既白)
KFC
Long John Silver's
[[Pizza Hut]]
Taco Bell
Wing Street
Website www.yum.com

Yum! Brands, Inc. (NYSE: YUM) or Yum! is a Fortune 500 corporation, that operates or licenses A&W (excluding Canada), KFC, Long John Silver's, Pizza Hut, and Taco Bell restaurants worldwide. Based in Louisville, Kentucky, it is the world's largest quick-service (a.k.a. fast food) restaurant company in terms of system units—over 34,000 restaurants around the world in more than 100 countries and territories.[1] Yum!'s global system sales totaled more than USD 9 billion in 2002. Image File history File links Download high-resolution version (916x762, 42 KB)Logo of Yum! Foods; taken from the 2005 Annual Report. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... For the band, see 1997 (band). ... “Louisville” redirects here. ... Toms Restaurant, a restaurant in New York made familiar by Suzanne Vega and the television sitcom Seinfeld A restaurant is an establishment that serves prepared food and beverages to order, to be consumed on the premises. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A division of a business entity is a portion of that business that operates under a different name. ... A&W All-American Food is a chain of fast-food restaurants, distinguished by their draft root beer and root beer floats. ... East Dawning (东方既白) is Yum! Brands fusion of the Kentucky Fried Chicken business model with Chinese cuisine. ... KFC is a food chain based in Louisville, Kentucky, known mainly for its fried chicken. ... Long John Silvers is a United States-based fast-food restaurant that specializes in seafood and fish and chips. ... Taco Bell Corp. ... WingStreet is a restaurant chain owned by Yum! Brands. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... For other uses, see Corporation (disambiguation). ... A&W All-American Food is a chain of fast-food restaurants, distinguished by their draft root beer and root beer floats. ... KFC (full name Kentucky Fried Chicken) is a division of Yum! Brands, Inc. ... Long John Silvers is a United States-based fast-food restaurant that specializes in seafood and fish and chips. ... Pizza Hut Inc. ... Taco Bell Corp. ... “Louisville” redirects here. ... Fast food is food prepared and served quickly at a fast-food restaurant or shop at low cost. ... Toms Restaurant, a restaurant in New York made familiar by Suzanne Vega and the television sitcom Seinfeld A restaurant is an establishment that serves prepared food and beverages to order, to be consumed on the premises. ... System sales is a business term used in the franchising industry. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ...

Contents

History

Yum! was created on October 7, 1997, as Tricon Global Restaurants, Inc. an independent, publicly owned company, as a result of a spin-off from PepsiCo, who owned and franchised the KFC, Pizza Hut and Taco Bell brands worldwide. The chain continues to sell PepsiCo beverages and other products. is the 280th day of the year (281st in leap years) in the Gregorian calendar. ... For the band, see 1997 (band). ... PepsiCo, Inc. ... KFC is a food chain based in Louisville, Kentucky, known mainly for its fried chicken. ... Pizza Hut Inc. ... Taco Bell Corp. ... PepsiCo, Inc. ...


David C. Novak became Chief Executive Officer of Yum! on January 1, 2000 and Chairman of the Board on January 1, 2001. He also serves as President of Yum!, a position he has held since October 21, 1997. Mr. Novak previously served as Group President and Chief Executive Officer, KFC and Pizza Hut from August 1996 to July 1997, at which time he became acting Vice Chairman of Yum! He is a director of J.P. Morgan Chase. Novak is a member of the Yum! Brands Executive/Finance Committee. “Chief executive” redirects here. ... is the 1st day of the year in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. ... is the 1st day of the year in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... is the 294th day of the year (295th in leap years) in the Gregorian calendar. ... For the band, see 1997 (band). ... J.P. Morgan Chase & Co. ...


In March 2002, Tricon announced the acquisition of Yorkshire Global Restaurants, headquartered in Lexington, Kentucky, and its two brands: Long John Silver's and A&W All-American Food. At that time, management announced its intention to change the company's name to Yum! Brands, Inc., which better reflected the entire portfolio of restaurants/brands as well as the company's New York Stock Exchange ticker: YUM. The Yorkshire acquisition was completed May 7, 2002, to drive the company's commitment to multibranding. In May 16, 2002, the name change became effective after a vote during the company's Annual Meeting of Shareholders. In June 17, 2002, Yum! executed a two-for-one stock split. 2002 : January - February - March - April - May - June - July - August - September - October - November - December A timeline of events in the news for March, 2002. ... Nickname: Location in the Commonwealth of Kentucky Coordinates: , Country United States State Kentucky Counties Fayette Government  - Mayor Jim Newberry (D) Area  - City  285. ... Long John Silvers is a United States-based fast-food restaurant that specializes in seafood and fish and chips. ... A&W restaurant in Page, Arizona A&W is a chain of fast food restaurants distinguished by their draft root beer and root beer floats, made on the premises from concentrate and served in large glass mugs. ... is the 127th day of the year (128th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... May 16 is the 136th day of the year (137th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 168th day of the year (169th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Stock split refers to a corporate action that increases the shares in a public company. ...


In 2004 and 2005, Yum! Brands was the target of boycotts by the American Decency Association for its advertising on what it calls "trashy shows" and by the Organic Farmers & Gardeners Union for alleged "sweatshop conditions" among farm workers [2]. The American Decency Association is a religious organization. ...


In February 1, 2006, the announcement was made that Yum! Brands had become the first official sponsor of the Kentucky Derby,[3] which would henceforth be called "The Kentucky Derby, presented by Yum! Brands". is the 32nd day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... The Kentucky Derby is a Grade I stakes race for three-year-old thoroughbred horses, held annually in Louisville, Kentucky, on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. ...


The terms KenTaco Hut, Kentucky Fried Taco Hut, and Colonel's Taco Hut are used colloquially[4] to refer to a building that includes a KFC, a Pizza Hut, and a Taco Bell, all Yum! properties. The menu at each restaurant may be more limited than at the standalone versions. Also, in the same sense, locations with a KFC and Pizza Hut are often known as Kentucky Fried Pizza, a KFC and a Taco Bell are referred to as Kentucky Fried Taco, KenTaco, or KFBell, and a Taco Bell and Pizza Hut as Taco Hut. KFC is a food chain based in Louisville, Kentucky, known mainly for its fried chicken. ... Pizza Hut Inc. ... Taco Bell Corp. ...


Controversies

Animal rights concerns

Recently PETA has accused YUM Brands (more specifically KFC) of mistreating and/or torturing its chickens. This has led to boycotting of KFC and other Yum Brands by members and others concerned with animal rights. This has led to encounters between PETA and Yum officers. PETA filed a lawsuit in 2003 against YUM for its chicken killing practices. YUM agreed to stop claiming the chickens were humanely killed.[5] People for the Ethical Treatment of Animals logo People for the Ethical Treatment of Animals (PETA) is an animal rights organization based in the United States. ...


Cleanliness issues

On November 29, 2006 thirty-nine people were sickened, two critically, after eating E. Coli contaminated lettuce at one of eleven Taco Bell restaurants in New Jersey and New York.[6] Less than three months later, on February 23, 2007, a Taco Bell-KFC store in Greenwich Village, New York, was featured in global news reports because it was infested with rats. Video footage of about a dozen rats inside the store was widely distributed on television and the Internet. In a press release, Yum Brands claimed that it was an isolated case. is the 333rd day of the year (334th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Binomial name Escherichia coli T. Escherich, 1885 Escherichia coli (usually abbreviated to E. coli) is one of the main species of bacteria that live in the lower intestines of warm-blooded animals (including birds and mammals) and are necessary for the proper digestion of food. ... February 23 is the 54th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...


Executive officers

A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... “Chief executive” redirects here. ... A Chief Operating Officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation. ... “CFO” redirects here. ... The Chief Information Officer or CIO is a job title for a manager responsible for information technology within an organization, such as a listed company or an educational institution. ... Public affairs is a catch-all term that includes public policy as well as public administration, both of which are closely related to and draw upon the fields of political science as well as economics. ... For the sequel to the computer game Entrepreneur, which has no article of its own, see The Corporate Machine. ... Kenneth Langone, co-founder of Home Depot, is a former director of the New York Stock Exchange. ...

Brands

A&W restaurant in Page, Arizona A&W is a chain of fast food restaurants distinguished by their draft root beer and root beer floats, made on the premises from concentrate and served in large glass mugs. ... East Dawning (东方既白) is Yum! Brands fusion of the Kentucky Fried Chicken business model with Chinese cuisine. ... KFC is a food chain based in Louisville, Kentucky, known mainly for its fried chicken. ... Long John Silvers is a United States-based fast-food restaurant that specializes in seafood and fish and chips. ... Pizza Hut Inc. ... Taco Bell Corp. ... WingStreet is a test-chain restaurant owned by Pizza Hut. ...

See also

This is a list of companies from the United States: #Current companies #Former companies, including acquired and merged ones #By industry #By location #See also Contents: Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U... Priszm Canadian Income Fund (TSX: QSR) is a corporation based in Toronto, Canada. ... Franchising (from the French for honesty or freedom[1]) is a method of doing business wherein a franchisor licenses trademarks and tried and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage piece of gross sales or gross profits as well...

References

  1. ^ http://www.yum.com/about/default.asp
  2. ^ http://www.organicconsumers.org/corp/exploit122704.cfm
  3. ^ http://web.archive.org/web/20060517235236/http://money.cnn.com/2006/05/05/news/companies/yum_derby/index.htm
  4. ^ http://www.urbandictionary.com/define.php?term=Kentaco+Hut
  5. ^ http://www.foxnews.com/story/0,2933,96473,00.html
  6. ^ http://www.nytimes.com/2006/12/05/nyregion/05coli.html?ei=5088part&en=0d2c6680680d639a&ex=1322974800&pagewanted=print

External links

  • Yum Brands' website
  • Diners Walk Through One Door and Visit Two Restaurants Article in the New York Times (July 11, 2005) on Yum!'s strategy of multibranding restaurants
  • Fast food's yummy secret: America's second-biggest fast-food group is as successful as it is little known Special report in The Economist (August 27, 2005) on Yum! Brands

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