Articles from Yum! Brands, Inc.

Yum! Brands, Inc. (NYSEYUM) today reported results for the fourth quarter and year ended December 31, 2024. Fourth-quarter GAAP EPS was $1.49 and EPS excluding Special Items was $1.61. Full-year GAAP EPS was $5.22 and EPS excluding Special Items was $5.48, an increase of 6%.

Yum! Brands, Inc. (NYSEYUM) Board of Directors approved a 6% increase in the company’s quarterly dividend. The quarterly cash dividend will increase from $0.67 to $0.71 per share of common stock and be distributed March 7, 2025 to shareholders of record at the close of business on February 21, 2025.

Yum! Brands, Inc. (NYSEYUM) announced today the introduction of Byte by Yum!, a comprehensive collection of proprietary Software as a Service (SaaS) AI-driven products that will enable KFC, Taco Bell, Pizza Hut and Habit Burger & Grill restaurants across the world to delight customers, streamline operations and empower teams.

Yum! Brands, Inc. (NYSEYUM) will release its fourth quarter financial results on Thursday, February 6, 2025 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 8:15 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) today announced the promotion of Scott Mezvinsky, 49, to KFC Division Chief Executive Officer, reporting to Yum! Brands Chief Executive Officer David Gibbs, effective March 1, 2025. Mezvinsky, a 20-year veteran of the Company who currently serves as President of Taco Bell North America and International, will succeed Sabir Sami, who is stepping down as KFC CEO at the end of February 2025. Mezvinsky will assume global responsibility for driving the brand strategy and performance of KFC.

Yum! Brands, Inc. (NYSEYUM) will host a Taco Bell Consumer Day at the Hollywood Palladium on January 28th at 11:30 a.m. ET / 8:30 a.m. PT.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.67 per share of common stock. The quarterly dividend will be distributed December 13, 2024 to shareholders of record at the close of business on December 2, 2024.

Yum! Brands, Inc. (NYSEYUM) today reported results for the third quarter ended September 30, 2024. Worldwide system sales, excluding foreign currency translation, grew 1% reflecting 5% unit growth. Third-quarter GAAP operating profit grew 1% and third-quarter core operating profit grew 3%. Third-quarter GAAP EPS was $1.35 and third-quarter EPS excluding Special Items was $1.37. Third-quarter EPS excluding Special Items reflects a $0.14 negative impact from a higher current year tax rate and lower investment income year-over-year.

Yum! Brands, Inc. (NYSEYUM) will release its third quarter financial results on Tuesday, November 5, 2024 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 7:45 a.m. ET.

Today, Yum! Brands, Inc. (NYSEYUM) released its annual Global Citizenship & Sustainability Report, detailing its advancements in reducing carbon emissions, improving packaging and fostering more equality. The Company has a longstanding dedication to responsible business practices, investing strategically in its three priority pillars of People, Food and Planet, which are part of its Good Growth strategy. The strategy is grounded on the idea that the Good priorities and the Growth priorities are closely intertwined and enablers of one another.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.67 per share of common stock. The quarterly dividend will be distributed September 6, 2024 to shareholders of record at the close of business on August 27, 2024.

Yum! Brands, Inc. (NYSEYUM) today reported results for the second-quarter ended June 30, 2024. Worldwide system sales, excluding foreign currency translation, grew 3% including a 1% same-store sales decline. Second-quarter GAAP operating profit grew 6% and second-quarter core operating profit grew 10%. Second-quarter GAAP EPS was $1.28 and second-quarter EPS excluding Special Items was $1.35. Our year-over-year EPS excluding Special Items results reflect a $0.20 negative impact from a higher current year tax rate and lower investment income. Foreign currency translation also unfavorably impacted our EPS by $0.03.

Yum! Brands, Inc. (NYSEYUM) announced today the expansion of Voice AI technology across Taco Bell drive-thru locations in the U.S., targeting hundreds of stores by the end of 2024. The Company aspires to implement Voice AI technology in drive-thrus at its brands globally in the future.

Yum! Brands, Inc. (NYSEYUM) will release its second quarter financial results on Tuesday, August 6, 2024 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 8:15 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.67 per share of common stock. The quarterly dividend will be distributed June 7, 2024 to shareholders of record at the close of business on May 28, 2024.

Yum! Brands, Inc. (NYSEYUM) today reported results for the first quarter ended March 31, 2024. Worldwide system sales, excluding foreign currency translation, grew 2%, with 6% unit growth and a 3% same-store sales decline. First-quarter GAAP operating profit declined 1% and first-quarter core operating profit grew 6%. First-quarter GAAP EPS was $1.10 and first-quarter EPS excluding Special Items was $1.15. First-quarter EPS includes negative after-tax impacts of $0.08 from investment losses and $0.03 from foreign currency translation.

Yum! Brands, Inc. (NYSEYUM) (the “Company”) today announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have completed the refinancing of the existing approximately $713 million term loan A facility and $1.25 billion revolving facility (the “Existing Facilities”) through the issuance of a $500 million term loan A (the “Term A Loan”) and a $1.50 billion revolving credit facility (the “Revolving Facility”) pursuant to an amendment to the underlying credit agreement (the “Amendment”). The Term A Loan and the Revolving Facility will mature on the earliest of (i) April 26, 2029, (ii) the date that is 91 days prior to the maturity of the borrowers’ existing term loan B if more than $250 million of such term loan B remains outstanding as of such date and (iii) the date that is 91 days prior to the maturity of the borrowers’ existing senior notes if more than $250 million of such senior notes remains outstanding as of such date. The total size of the bank credit facility (excluding the borrowers’ existing $1.46 billion term loan B) remains ~$2.00 billion and the transaction does not add any additional net new debt to the balance sheet.

Yum! Brands, Inc. (NYSEYUM) will release its first quarter financial results on Wednesday, May 1, 2024 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 8:15 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) and the University of Louisville today announced the launch of new “Accelerating Growth” executive education programs at the Yum! Center for Global Franchise Excellence. The new programs will focus on equipping operations leaders to take on senior management roles in franchise organizations, an area identified as a key opportunity by franchisees and leadership at the Yum! Center for Global Franchise Excellence, which has been providing education for aspiring entrepreneurs through the UofL College of Business since 2021.

Yum! Brands, Inc. (NYSEYUM) today reported results for the fourth quarter and year ended December 31, 2023. Fourth-quarter worldwide system sales, excluding foreign currency translation, grew 5%, with 6% unit growth and 1% same-store sales growth. Full-year worldwide system sales, excluding foreign currency translation, grew 10%, with 6% unit growth and 6% same-store sales growth. Full-year GAAP Operating Profit growth was 6%. Full-year Core Operating Profit growth was 12%. Fourth-quarter GAAP EPS was $1.62 and EPS excluding Special Items was $1.26. Full-year GAAP EPS was $5.59 and EPS excluding Special Items was $5.17, an increase of 14%.

Yum! Brands, Inc. (NYSEYUM) will release its fourth quarter financial results on Wednesday, February 7, 2024 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 8:15 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) Board of Directors approved an 11% increase in the company’s quarterly dividend. The quarterly cash dividend will increase from $0.605 to $0.67 per share of common stock and be distributed March 8, 2024 to shareholders of record at the close of business on February 21, 2024.

Yum! Brands, Inc. (NYSEYUM) today announced the promotion of Joe Park to Chief Digital & Technology Officer, reporting to Chris Turner, Yum! Brands Chief Financial Officer, effective March 1, 2024. Park, who most recently served as Chief Digital & Technology Officer for Pizza Hut Global, succeeds Clay Johnson, who will continue with Yum! Brands as a Senior Advisor. As CDTO, Park will join the Yum! Brands Global Leadership Team and oversee the Company’s global technology strategy, partnering with the KFC, Pizza Hut, Taco Bell and the Habit Burger Grill divisions to ensure the Company provides a best-in-class digital experience for customers and restaurant team members and strong economics for franchisees.

Yum! Brands’ KFC Division today announced that it has entered into a definitive agreement to acquire over 200 KFC restaurants from EG Group, the company’s largest KFC franchisee in the UK and Ireland.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.605 per share of common stock. The quarterly dividend will be distributed December 8, 2023 to shareholders of record at the close of business on November 28, 2023.

Yum! Brands, Inc. (NYSEYUM) today reported results for the third quarter ended September 30, 2023. Worldwide system sales, excluding foreign currency translation, grew 10%, with 6% same-store sales growth and 6% unit growth. Third-quarter GAAP operating profit grew 12% and third-quarter core operating profit grew 16%. Third-quarter GAAP EPS was $1.46 and third-quarter EPS excluding Special Items was $1.44. Third-quarter EPS includes a favorable $0.05 mark-to-market impact from the remeasurement of the Company's investment in Devyani International Ltd. and a negative $0.01 impact from foreign currency translation.

Yum! Brands, Inc. (NYSEYUM) will release its third quarter financial results on Wednesday, November 1, 2023 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 8:15 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.605 per share of common stock. The quarterly dividend will be distributed September 8, 2023 to shareholders of record at the close of business on August 29, 2023.

Yum! Brands, Inc. (NYSEYUM) today reported results for the second-quarter ended June 30, 2023. Worldwide system sales excluding foreign currency translation grew 13%, with 9% same-store sales growth and 6% unit growth. Second-quarter GAAP operating profit grew 4%. Second-quarter core operating profit grew 12%. Second-quarter GAAP EPS was $1.46 and second-quarter EPS excluding Special Items was $1.41. Second-quarter EPS includes a favorable $0.09 mark-to-market impact from unrealized investment gains and a negative $0.05 impact from foreign currency translation.

Yum! Brands, Inc. (NYSEYUM) today announced the appointments of Brett Biggs, former Executive Vice President and Chief Financial Officer of Walmart Inc., and Susan Doniz, Chief Information Officer and Senior Vice President of Information Technology & Data Analytics of The Boeing Company, to its Board of Directors, effective August 10, 2023.

Today, Yum! Brands, Inc. (NYSEYUM) released its annual Global Citizenship & Sustainability Report, highlighting the Company’s progress on key issues that include less carbon, better packaging and more equality. The Company has a long history of strategic investment when it comes to the socially responsible growth, risk management and sustainable stewardship of its three priority pillars of People, Food and Planet, what Yum! calls its Recipe for Good Growth. Yum!’s Recipe for Good Growth strategy is grounded in the idea that its business will only endure if its brands are inclusive, sustainable and reflective of evolving employee, franchisee and other stakeholder needs.

Yum! Brands, Inc. announced today the latest step in the Company’s strategy to enhance the digital experiences of customers by selecting Treasure Data™ as its Customer Data Platform provider to help drive customer acquisition, growth and retention.

Yum! Brands, Inc. (NYSEYUM) today announced the promotion of Sean Tresvant to Taco Bell Division Chief Executive Officer, reporting to Yum! Brands Chief Executive Officer David Gibbs, effective January 1, 2024. Tresvant, who currently serves as Global Chief Brand and Strategy Officer of Taco Bell, will succeed Mark King, who has announced his decision to retire at the end of 2023. As CEO, Tresvant will assume global responsibility for driving Taco Bell’s growth strategies, franchise operations and overall performance.

Yum! Brands, Inc. (NYSEYUM) announced Chris Turner, Chief Financial Officer, will participate in the NYSE European Investor Conference in association with Bank of America on Tuesday, June 27, 2023 at approximately 8:00 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) announced Chris Turner, Chief Financial Officer, will participate in the Oppenheimer Annual Consumer Growth and E-Commerce Conference on Wednesday, June 14, 2023 at approximately 9:45 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) announced Chris Turner, Chief Financial Officer, will participate in the TD Cowen Future of the Consumer Conference on Wednesday, June 7, 2023 at approximately 1:25 p.m. ET.

Yum! Brands, Inc. (NYSEYUM) announced David Gibbs, Chief Executive Officer, will participate in the Bernstein Annual Strategic Decisions Conference on Thursday, June 1, 2023 at approximately 11:00 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.605 per share of common stock. The quarterly dividend will be distributed June 9, 2023 to shareholders of record at the close of business on May 30, 2023.

Yum! Brands, Inc. (NYSEYUM) today reported results for the first-quarter ending March 31, 2023. Worldwide system sales excluding foreign currency translation grew 13% excluding Russia impact, with 8% same-store sales growth and 5% unit growth. First-quarter GAAP operating profit grew 3%. First-quarter core operating profit grew 11% including a 1 percentage point headwind from Russia. First-quarter GAAP EPS was $1.05 and first-quarter EPS excluding Special Items was $1.06. First-quarter EPS includes a negative $0.07 mark-to-market impact from unrealized investment losses and a negative $0.08 impact from foreign currency translation.

Yum! Brands, Inc. (NYSEYUM) today announced the promotion of Shannon Hennessy to The Habit Burger Grill Division Chief Executive Officer, reporting to Yum! Chief Executive Officer David Gibbs, effective June 6. Hennessy, who currently serves as President of The Habit Burger Grill Division, will succeed Russ Bendel, who has announced his decision to retire at the beginning of June after a successful decades-long career in the restaurant industry. As CEO, Hennessy will continue to build on the brand’s unique strengths and assume responsibility for driving its overall growth strategies and performance.

Yum! Brands, Inc. (NYSEYUM) today reported results for the fourth-quarter and year ended December 31, 2022. Fourth-quarter GAAP EPS was $1.29, an increase of 17%. Fourth-quarter EPS excluding Special Items was $1.31, an increase of 29%. Full-year GAAP EPS was $4.57, a decrease of (12)%. Full-year EPS excluding Special Items was $4.51, an increase of 1%. Full-year GAAP Operating Profit growth was 2%. Full-year Core Operating Profit1 growth was 6%, including a 2-point headwind from the removal of Russia profits.

Yum! Brands, Inc. (NYSEYUM) will host an Investor Day at the New York Stock Exchange on December 13th at 8:00 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.57 per share of common stock. The quarterly dividend will be distributed December 9, 2022 to shareholders of record at the close of business on November 25, 2022.

Yum! Brands, Inc. (NYSEYUM) today reported results for the third quarter ended September 30, 2022. Worldwide system sales excluding foreign currency translation grew 7%, with 5% same-store sales growth and 4% unit growth. Third quarter GAAP operating profit grew 4%. Third quarter core operating profit grew 8% including a 3-point headwind from Russia. Third quarter GAAP EPS was $1.14 and third quarter EPS excluding Special Items was $1.09. Our year-over-year EPS excluding Special Items results reflect a $0.23 negative impact from a higher current year tax rate, lower investment gains and the removal of Russia-based profits. Foreign currency translation also unfavorably impacted our EPS by $0.10.

Yum! Brands, Inc. (NYSEYUM) announced Chris Turner, Chief Financial Officer, will participate in the J.P. Morgan U.S. All Stars Conference on Tuesday, September 20, 2022 at approximately 10:00 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) Board of Directors approved a new share repurchase authorization which authorizes repurchases of up to $2 billion in shares of common stock through June 30, 2024. The new authorization will take effect upon the exhaustion of the current authorization approved in May 2021, of which $236 million remained available as of September 12, 2022.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.57 per share of common stock. The quarterly dividend will be distributed September 9, 2022 to shareholders of record at the close of business on August 29, 2022.

Yum! Brands, Inc. (NYSEYUM) today announced that it has named Allyson Park to the role of Yum! Brands Chief Corporate Affairs Officer, effective August 15, 2022. An accomplished corporate affairs leader with more than 25 years of strategic communications and government relations experience, Park will have oversight of all aspects of the Company’s Communications, Public Policy and Government Relations, Corporate Social Responsibility and Environmental, Social and Governance (ESG) teams. Park will join the Company’s Global Leadership Team, and report to Yum! Brands Chief Operating Officer and Chief People Officer Tracy Skeans.

Yum! Brands, Inc. (NYSEYUM) today reported results for the second quarter ended June 30, 2022. Worldwide system sales excluding foreign currency translation grew 3%, with 4% unit growth and 1% same-store sales growth. Second quarter GAAP EPS was $0.77, a decrease of 40% year-over-year. Second quarter EPS excluding Special Items was $1.05, a decrease of 9% year-over-year.

Today, Yum! Brands, Inc. (NYSEYUM) released its annual Global Citizenship & Sustainability Report, highlighting the Company’s strategic investments in socially responsible growth, risk management and stewardship of its people, food and impact on the planet. This includes addressing climate change, advancements in sustainable packaging and creating equity in the communities it serves.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.57 per share of common stock. The quarterly dividend will be distributed June 10, 2022 to shareholders of record at the close of business on May 30, 2022.

Yum! Brands, Inc. (NYSEYUM) today reported results for the first quarter ended March 31, 2022. Worldwide system sales excluding foreign currency translation grew 8%, with 6% unit growth and 3% same-store sales growth. First quarter GAAP EPS was $1.36, an increase of 27% year-over-year. First quarter EPS excluding Special Items was $1.05, a decrease of (1)% year-over-year.

Yum! Brands, Inc. (NYSEYUM) today reported results for the fourth-quarter and year ended December 31, 2021. Fourth-quarter GAAP EPS was $1.11, an increase of 3%. Full-year GAAP EPS was $5.21, an increase of 77%. Fourth-quarter EPS excluding Special Items was $1.02, a decrease of (12)%. Full-year EPS excluding Special Items was $4.46, an increase of 23%.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.57 per share of common stock. The quarterly dividend will be distributed March 11, 2022 to shareholders of record at the close of business on February 18, 2022.

Yum! Brands, Inc. (NYSEYUM), the University of Louisville and Howard University today announced the launch of the Yum! Franchise Accelerator, a one-of-a-kind MBA elective opportunity supporting underrepresented people of color and women interested in the franchise restaurant industry. Ten second-year MBA students from the two universities were selected to participate in the intensive five-month fellowship where two participants will have the opportunity to become future franchisees of Yum! Brands, the owner of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill. The debut of the Yum! Franchise Accelerator follows last year’s launch of the Yum! Center for Global Franchise Excellence, at the University of Louisville College of Business.

Yum! Brands, Inc. (NYSEYUM) today announced Chris Turner, Chief Financial Officer, will participate in the Morgan Stanley Virtual Global Consumer & Retail Conference via a fireside chat on Wednesday, December 1, 2021 at approximately 8:45 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.50 per share of common stock. The quarterly dividend will be distributed December 10, 2021 to shareholders of record at the close of business on November 26, 2021.

Yum! Brands, Inc. (NYSEYUM) today reported results for the third-quarter ended September 30, 2021. Worldwide system sales excluding foreign currency translation grew 8%, with 5% same-store sales and 4% unit growth. Third-quarter GAAP EPS was $1.75, an increase of 90% over the prior year quarter. Third-quarter EPS excluding Special Items was $1.22, an increase of 21% over the prior year quarter.

Pizza Hut today announced the promotion of David Graves to President of Pizza Hut U.S., reporting to Pizza Hut Division Chief Executive Officer Aaron Powell, effective January 1, 2022. Graves currently serves as General Manager Pizza Hut U.S. and will succeed Interim President Pizza Hut U.S. Kevin Hochman. In this role, Graves will continue to build on Pizza Hut’s momentum and assume responsibility for driving profitable same-store sales, franchise operations and overall performance for the U.S. business.

Yum! Brands, Inc. (NYSEYUM) today announced the promotion of Sabir Sami, 54, to KFC Division Chief Executive Officer, reporting to Yum! Brands Chief Executive Officer David Gibbs, effective January 1, 2022. Sami, a 12-year veteran of the Company, who currently serves as KFC Division Chief Operating Officer and Managing Director of KFC Asia, will succeed Tony Lowings, who is stepping down as CEO at the end of 2021 in advance of his retirement in early 2022. In this role, Sami will assume global responsibility for driving the brand strategy and performance of KFC.

Yum! Brands, Inc. (NYSEYUM) (Yum! Brands) announced today the completion of its acquisition of Dragontail Systems Limited (Dragontail), an innovative provider of technology solutions for the food industry, following the successful implementation of the previously announced share scheme of arrangement in accordance with Australian corporations law.

Yum! Brands, Inc. (NYSEYUM) today announced David Gibbs, Chief Executive Officer, will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Monday, September 13, 2021 at approximately 11:00 a.m. ET.

Yum! Brands, Inc. (NYSEYUM) today announced that Aaron Powell, 50, former President of Kimberly-Clark Corporation’s Asia-Pacific Consumer Business, will join the Company as global Pizza Hut Division Chief Executive Officer, reporting to Yum! Chief Executive Officer David Gibbs, effective September 20. In this role, Powell will assume global responsibility for driving Pizza Hut Division’s growth strategies, franchise operations and performance. Today’s announcement concludes Yum! Brands’ search for Pizza Hut Division’s top leadership post.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.50 per share of common stock. The quarterly dividend will be distributed September 10, 2021 to shareholders of record at the close of business on August 27, 2021.

Yum! Brands, Inc. (NYSEYUM), the parent company of KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, today announced that it and certain affiliates have entered into a purchase agreement (the “Purchase Agreement”) under which a special purpose subsidiary of Taco Bell Corp. (“TBC”) named Taco Bell Funding, LLC (the “Issuer”) has agreed to issue and sell $900 million of the Issuer’s Series 2021-1 1.946% Fixed Rate Senior Secured Notes, Class A-2-I (the “Series 2021-1 Class A-2-I Notes”), $600 million of its Series 2021-1 2.294% Fixed Rate Senior Secured Notes, Class A-2-II (the “Series 2021-1 Class A-2-II Notes”) and $750 million of the Issuer’s Series 2021-1 2.542% Fixed Rate Senior Secured Notes, Class A-2-III (the “Series 2021-1 Class A-2-III Notes” and, together with the Series 2021-1 Class A-2-I Notes and the Series 2021-1 Class A-2-II Notes, the “Notes”). Interest will be payable on the Notes quarterly. The legal final maturity date of the Notes will be in August 2051, but the anticipated repayment dates of the Series 2021-1 Class A-2-I Notes, the Series 2021-1 Class A-2-II Notes and the Series 2021-1 Class A-2-III Notes will be in February 2027, February 2029 and August 2031, respectively. The aggregate principal amount of Notes to be issued in the offering was increased to $2.25 billion from the previously announced $2.0 billion.

YUM! Brands, Inc. (NYSEYUM) (the “Company”) today announced its intention to refinance its Series 2016-1 Notes Fixed Rate Senior Secured Notes, Class A-2-II (the “Series 2016-1 Class A-2-II Notes”) and Series 2018-1 Fixed Rate Senior Secured Notes, Class A-2-I (the “Series 2018-1 Class A-2-I Notes”), issued by a wholly-owned subsidiary of Taco Bell Corp., pursuant to the Company’s securitization financing facility (the “Securitization Financing”) securitizing Taco Bell's U.S. franchise royalties.

Yum! Brands, Inc. (NYSEYUM) today reported results for the second-quarter ended June 30, 2021. Worldwide system sales excluding foreign currency translation grew 26%, with 23% same-store sales and 2% unit growth. Second-quarter GAAP EPS was $1.29, an increase of 91% over the prior year quarter. Second-quarter EPS excluding Special Items was $1.16, an increase of 41% over the prior year quarter.

Yum! Brands, Inc. (NYSEYUM) today released its annual Global Citizenship & Sustainability Report, highlighting the Company’s strategic investments in socially responsible growth, risk management and sustainable stewardship of its people, food and impact on the planet. Yum! and its KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands made progress in critical areas including climate action, food safety and creating greater equity and opportunity across its system.

“The R.E.D. Marketing principles were pioneered by Ken and Greg more than a decade ago and are still driving results for Yum! Brands around the world. These concepts, illustrated by real-world examples from two of the industry’s most innovative leaders, will be valuable to marketers of any experience level.” – David Gibbs, CEO, Yum! Brands, Inc.

Yum! Brands, Inc. (NYSEYUM) and the University of Louisville today announced the launch of the Yum! Center for Global Franchise Excellence. The Center will feature the first business program of its kind at a public university to provide existing and potential franchisees multiple levels of online education focused on the franchising model across industries. In addition, the Yum! Center for Global Franchise Excellence will focus on recruiting and educating underrepresented people of color and women on the possibilities of franchising as a pathway to entrepreneurship.

Yum! Brands, Inc. (NYSEYUM) will host a virtual KFC Investor Day on May 25, 2021.

Yum! Brands, Inc. (NYSEYUM) Board of Directors declared a dividend of $0.50 per share of common stock. The quarterly dividend will be distributed June 11, 2021 to shareholders of record at the close of business on May 28, 2021.

Yum! Brands, Inc. (NYSEYUM) today reported results for the first-quarter ended March 31, 2021. Worldwide system sales excluding foreign currency translation grew 11%, with 9% same-store sales and 1% unit growth. First-quarter GAAP EPS was $1.07. First-quarter EPS excluding Special Items was also $1.07, an increase of 67% over the prior year quarter.

Yum! Brands (NYSEYUM), parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurants, today announced it will decrease its greenhouse gas (GHG) emissions 46% by 2030 in partnership with its franchisees, suppliers and producers as part of its broader strategy to address climate change. Additionally, Yum! pledged to achieve net-zero emissions by 2050. The science-based targets (SBTs) are consistent with reductions required to keep warming to 1.5ºC and have been approved by the Science Based Targets initiative.