Yum Brands

Yum Brands appoints new CEO

Yum Brands has announced that chief financial and franchise officer Chris Turner will take over the role of chief executive from 1 October 2025. Turner will succeed current chief executive David Gibbs, who plans to retire after 37 years with the company. Gibbs will remain in post until the end…

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Today’s news in brief – 03/04/25

Yum Brands chief executive, David Gibbs, will retire from the role in 2026, having served since January 2020. During his tenure, Gibbs focused on leading the company’s digital transformation, building the company’s development engine and delivering “strong” shareholder returns powered by a “people-first” culture of collaboration. Simultaneously, he also navigated…

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Yum Brands CEO to retire in 2026

Yum Brands has announced that David Gibbs, chief executive officer, has informed the board of directors of his intention to retire from the company in 2026. Gibbs has served as Yum Brands’ CEO since January 2020.  As CEO, Gibbs focused on leading the company’s digital transformation, building the company’s development…

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Today’s news in brief – 07/02/25

Foodservice prices rose by 1% in December, the highest monthly jump since July 2024, raising fears of renewed price pressures for the hospitality sector. It comes despite year-on-year inflation dropping to 1.9% in the final month of the year. Oils and fats emerged as a category of concern as it…

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KFC and Taco Bell boosts Yum Brands sales in Q4

Yum Brands has reported a 16% increase in revenues to $2.36bn (£1.90bn) for the fourth quarter ended December 31, 2024, fueled by strong sales at KFC’s international restaurants and Taco Bell US. Its same-store sales also rose 1% in the quarter, thanks to Taco Bell. Worldwide system sales grew 8%,…

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Today’s news in brief – 07/08/24

Yum Brands has reported a 4% revenue rise to $1.7bn (£1.3bn) in Q2. The owner of KFC, Taco Bell, Pizza Hut and Habit Burger Grill saw company-wide sales grow 3%, as it opened 598 new restaurants across 57 countries during the period. KFC revenues increased 5% to $717m (£563m) in…

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Yum Brands revenue hits $1.7bn in Q2

Yum Brands, which owns KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has reported a 4% revenue growth to $1.7bn (£1.3bn) for the second quarter ended 30 June 2024.  Worldwide system sales grew 3% including a 1% same-store sales decline. GAAP operating profit for the group increased 6% to…

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Yum! Brands revenues dip 3% to $1.5bn in Q1

Yum! Brands, which operates KFC, Taco Bell and Pizza Hut, reported a 3% decline in revenue to $1.5bn (£1.1bn) for the first quarter ended 31 March.  Operating profit for the group also declined by 1% to $520m (£414m), while core operating profit grew 6%. KFC revenues declined by 8% to…

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Today’s news in brief – 09/02/24

Yum Brands total Q4 revenues rose 1% to $2.03bn (£1.6bn), as net incomes rose 24% to $463m (£367.3m) during the period ending December 2023. The news comes as the group’s global operations of KFC, Pizza Hut and Taco Bell saw a 5% rise in sales – driven by a 6%…

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Yum Brands Q4 revenues hit $2.03bn

Yum Brands, the operator of KFC, Pizza Hut and Taco Bell, has reported that total revenues rose 1% to $2.03bn (£1.6bn) by the end of Q4, as net incomes rose 24% to $463m (£367.3m) during the period ending December 2023. The news comes as the group’s global operations saw a…

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