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Yum Brands

Leading operator of fast-food restaurants.

Headquarters:
1441 Gardiner Lane
Louisville, KY 40213
Employees: 900,000
CEO: David Novak
Stock Symbol: YUM

Website: http://www.yum.com

Career Site

Yum Brands is the world's largest restaurant company with nearly 35,000 restaurants in more than 110 countries and territories. Its well-known brands include Pizza Hut, KFC and Taco Bell.

Yum has 16,006 stores in the U.S. and another 14,453 stores internationally, not including China. The company has 4,493 restaurants in China including 3,701 KFC restaurants and 781 Pizza Huts but no Taco Bells. China is the hottest market for Yum Brands' growth.

There are 6,059 Pizza Hut restaurants in the U.S., 5,230 Taco Bell restaurants and 4,717 KFC restaurants. A total of 90% of U.S. locations are owned by franchisees.

KFC is the world's most popular chicken restaurant chain, specializing in Original Recipe, Extra Crispy, Colonel's Crispy Strips and Honey BBQ Wings, with home-style sides and freshly made chicken sandwiches. Since its founding by Colonel Harland Sanders in 1952, KFC has been serving customers delicious, already prepared complete family meals at affordable prices.

Pizza Hut, based in Plano, TX, is the world's largest pizza restaurant, specializing in the following pizzas: Pan Pizza, Thin 'N Crispy Pizza, Hand-Tossed Style Pizza and Stuffed Crust Pizza. The chain was founded by brothers Dan and Frank Carney in 1958.

Taco Bell, based in Irvine, CA, is the nation's leading Mexican-style fast-food chain serving tacos, burritos, signature quesadillas, Border Bowls, nachos and other specialty items. The chain was founded by Glen Bell in 1962.

Yum Brands implements practices and procedures to maintain a high level of service including Customer Mania Training and CHAMPS (which measures operational basics like Cleanliness, Hospitality, Accuracy, Maintenance, Product Quality and Speed).

In 2011, Yum reported $12.6 billion in revenues, an 11% increase, and net income of $1.31 billion. The company's top five markets by restaurants are the USA, China, Japan, Great Britain and Canada.

Worldwide system sales grew 7%, prior to foreign currency translation, including 29% in China and 8% at YRI. System sales in the U.S. were even. The company opened 656 new restaurants in China in 2011.

History

Yum Brands became Tricon Global Restaurants, Inc., an independent, publicly owned company on October 7, 1997, as a result of a spin-off from PepsiCo, who owned, and franchised the KFC, Pizza Hut, and Taco Bell brands worldwide.

In March 2002, Tricon announced the acquisition of Yorkshire Global Restaurants, headquartered in Lexington, KY, and its two brands: Long John Silver's and A&W All-American Food. The executives decided to change the company's name to Yum Brands, Inc., which better reflected the entire portfolio of restaurants as well as the company's New York Stock Exchange ticker: YUM.

In October 2009, Yum opened its 13,000th restaurant outside the United States with a KFC in New Delhi, India.

In 2011, Yum sold off the A&W and Long John Silver's chain of restaurants.

Benefits

- Medical Coverage and Prescription Benefits
- Dental Coverage
- Vision/Hearing Coverage
- Life and Disability Insurance
- 401k Plan - Company matches first 5% of pay contributed-and that match is immediately vested.
- Stock Options
- Health Care and Dependent Care Reserve Accounts
- Adoption Assistance
- Employee Assistance Program
- Group Legal Plan
- Yum Scholarship Program
- Tuition Reimbursement
- College-Planning Assistance
- Employee Discount Programs
- Credit Union
- Paid Vacation

Updated March 10, 2012