Yum! Brands, Inc. operates a global restaurant business, primarily through franchising. The company's core brands include KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill. These brands are leaders in the chicken, Mexican-style food, and pizza categories, respectively. The company's business model focuses on franchising, with 98% of its units operated by independent franchisees or licensees. Yum! Brands leverages digital technology and systemwide scale to drive growth and enhance customer experiences.

• Employees: 35,000 (as of December 31, 2023)
• Geographic Footprint: More than 155 countries and territories
• Headquarters: Louisville, Kentucky
• Founded: 1997
• Number of locations/facilities: Over 58,000 restaurants
• Revenue: $7.1 billion (FY2023)
• Key Subsidiaries/Brands: KFC, Taco Bell, Pizza Hut, The Habit Burger Grill

• CEO: David Gibbs
• CFO: Christopher Turner
• Chief Legal and Franchise Officer and Corporate Secretary: Scott Catlett
• Chief Operating Officer and Chief People Officer: Tracy Skeans
• Chief Executive Officer of KFC Division: Sabir Sami
• Chief Executive Officer of Taco Bell Division: Sean Tresvant
• Chief Executive Officer of Pizza Hut Division: Aaron Powell

Key executives have extensive experience in the restaurant and consumer goods industries.

• Annual Revenue: $7.1 billion (FY2023)
• Net Income: $1.6 billion
• Total Assets: Not explicitly stated
• Key Financial Highlights: System sales grew by 10% excluding FX impacts. Diluted EPS was $5.59, or $5.17 excluding special items.

Yum! Brands primarily operates under four main concepts:

• KFC: Offers fried and non-fried chicken products, including sandwiches, strips, and chicken-on-the-bone.
• Taco Bell: Specializes in Mexican-style food products, such as tacos, burritos, and quesadillas.
• Pizza Hut: Focuses on ready-to-eat pizza products, with delivery, carryout, and casual dining options.
• The Habit Burger Grill: A fast-casual concept with chargrilled burgers and sandwiches.

Yum! Brands operates through four main divisions:

• KFC Division: Includes worldwide operations of the KFC concept.
• Taco Bell Division: Includes worldwide operations of the Taco Bell concept.
• Pizza Hut Division: Includes worldwide operations of the Pizza Hut concept.
• Habit Burger Grill Division: Includes worldwide operations of the Habit Burger Grill concept.

Revenue breakdown by segment is provided in the financial statements.

The company's strategy, called the Recipe for Good Growth, aims to unlock the growth potential of its concepts and YUM, drive collaboration, and improve customer experiences and unit economics. Key initiatives include:

• Accelerated use of digital and technology.
• Leveraging systemwide scale.
• Focusing on culture and talent.
• Recruiting and equipping the best restaurant operators.
• Innovating and elevating iconic restaurant brands.
• Driving market and franchise unit expansion.

Yum! Brands operates in the highly competitive retail food industry. The company competes with international, national, and regional restaurant chains, as well as locally-owned establishments. Key trends include:

• Increasing competition from delivery aggregators.
• Changes in consumer tastes and preferences.
• The convergence of grocery, convenience, deli, and restaurant services.

• Food Safety and Catastrophic Events: Risks related to food-borne illnesses, food safety issues, and other catastrophic events such as pandemics or natural disasters.
• Reliance on Franchisees: The company's operating results and growth strategies are closely tied to the success of its franchisees, including Yum China.
• Global Operations: Exposure to risks inherent in global operations, including political instability, currency fluctuations, and regulatory challenges.
• Technology and Data Privacy: Risks from cybersecurity incidents, data breaches, and failure to comply with data privacy laws.
• Supply Chain and Employment: Risks related to shortages or interruptions in the supply chain, labor shortages, and increased labor costs.