Yum! Brands, Inc. reported its financial results for the second quarter of 2025, revealing a GAAP earnings per share (EPS) of $1.33 and an EPS excluding special items of $1.44, reflecting a 7% year-over-year increase. The company experienced a 4% growth in worldwide system sales, with Taco Bell leading at 6% and KFC at 5%. Digital system sales exceeded $9 billion, making up approximately 57% of total sales. The total unit count increased by 3% with the addition of 871 new units in the quarter.
Recent strategic developments include the announcement of Chris Turner as the new CEO, effective October 1, 2025, following David Gibbs' tenure. Taco Bell plans to expand its beverage concept, Live Más Café, to 30 locations by the end of 2025, aiming for $5 billion in beverage sales by 2030. The KFC division opened 566 new restaurants globally, while Taco Bell and Pizza Hut also reported new openings and sales growth, despite some challenges in operating profits due to technology spending and franchise transitions.
linkAug 05, 2025 07:01:05
Yum! Brands, Inc. has announced the appointment of Chris Turner as Chief Executive Officer, effective October 1, 2025. Turner, who currently holds the position of Chief Financial & Franchise Officer, will succeed David Gibbs, who is set to retire after 37 years with the company. Gibbs will remain in his role until September 30, 2025, and will serve as an adviser until the end of 2026 to ensure a smooth transition. Under Gibbs' leadership, Yum! Brands has experienced significant growth and digital transformation, with digital sales surpassing $30 billion in 2024.
As CEO, Turner will focus on executing Yum!’s mission to expand its global restaurant brands and drive the Good Growth strategy, which emphasizes digital initiatives and innovation. Turner has a background in leadership roles at major companies such as PepsiCo and McKinsey & Co., bringing extensive experience to his new role. The Board of Directors expressed confidence in Turner’s ability to lead the company forward and continue its growth trajectory.
linkJun 17, 2025 07:50:06
Yum! Brands, Inc. announced its first-quarter results for 2025, showing GAAP earnings per share (EPS) of $0.90, down 18% from the previous year, while EPS excluding special items rose 13% to $1.30. The company reported a 5% increase in GAAP operating profit and an 8% increase in core operating profit. Taco Bell's U.S. same-store sales grew by 9%, and KFC's international unit growth reached 7%, contributing to a 5% increase in worldwide system sales, excluding foreign currency translation.
In addition to financial results, Yum! Brands highlighted strategic initiatives, including a collaboration with NVIDIA to enhance AI technology across its restaurants, and the introduction of a new growth plan for Taco Bell. The company plans to continue expanding its unit count, having opened 751 new restaurants in the quarter. CEO David Gibbs announced his intention to retire in 2026, with a selection committee established to find his successor, emphasizing the company's ongoing growth strategies and commitment to digital transformation.
linkApr 30, 2025 07:01:37
Yum! Brands, Inc. announced that CEO David Gibbs will retire in 2026, with the Board of Directors initiating a succession planning process. Gibbs, who has been with the company for 36 years and CEO since January 2020, highlighted achievements in digital transformation, unit development, and shareholder returns during his tenure. Digital sales exceeded $30 billion in 2024, with over 50% of sales coming from digital channels, and the pace of new unit development tripled, resulting in over 61,000 restaurant units worldwide.
The Board of Directors praised Gibbs for his contributions and emphasized their commitment to a thorough succession planning process. Yum! Brands has received various accolades, including being named to the Dow Jones Sustainability Index North America and recognized as one of TIME magazine’s Best Companies for Future Leaders. The company’s brands, including KFC, Taco Bell, and Pizza Hut, have been acknowledged as leaders in their respective categories and ranked highly in Entrepreneur’s franchise lists.
linkMar 31, 2025 07:11:43
Yum! Brands has announced a partnership with NVIDIA to accelerate the development of AI technologies for its global restaurant operations. This collaboration marks Yum! as NVIDIA's first AI restaurant partner, aiming to integrate AI into the restaurant industry at a large scale. The partnership will enhance operations with AI-powered voice agents, computer vision for efficiency, and analytics for restaurant performance. Yum! has begun piloting these AI solutions in select locations, with plans for a broader rollout across multiple brands in the upcoming quarter.
On the negative side, the press release indicates that the terms of the strategic partnership are still subject to mutually agreeable definitive agreements, which may imply uncertainties in finalizing the collaboration. Additionally, while Yum! Brands is positioned to leverage NVIDIA's technology, there are inherent risks and uncertainties associated with implementing new technology initiatives, as mentioned in the cautionary statements regarding forward-looking projections.
linkMar 18, 2025 16:14:20
Taco Bell has announced its new business growth plan, R.I.N.G. The Bell, aiming to double innovation in 2025 after achieving $1 billion in operating profit for the first time in 2024. The company reported U.S. same-store sales growth across all four quarters of 2024 and opened 347 new locations globally, bringing its total to 8,757 restaurants. Digital sales grew by 32%, totaling $6 billion, driven by menu creativity and customer engagement.
Despite these positive developments, Taco Bell faces industry-wide challenges. The company is projecting a modest 8% increase in U.S. same-store sales for Q1 2025, indicating potential market pressures. Additionally, while Taco Bell is set to expand its international footprint significantly, the success of these initiatives will depend on navigating various operational and geopolitical risks associated with global growth.
linkMar 04, 2025 08:07:36
Yum! Brands reported a fourth-quarter GAAP EPS of $1.49 and a full-year GAAP EPS of $5.22, reflecting a 6% increase from the previous year. Notable highlights include Taco Bell's same-store sales growth of 5% in the fourth quarter and KFC's international unit growth of 8%. The company also opened 4,535 new stores in over 100 countries, and digital sales rose approximately 15%, surpassing 50% of total sales. Additionally, the company announced the launch of its proprietary digital ecosystem, Byte by Yum!, aimed at enhancing operational efficiency across its restaurants.
On the downside, Yum! Brands experienced a decline in GAAP EPS for the fourth quarter and full year compared to 2023, with figures of $1.49 and $5.22 representing drops of 8% and 7%, respectively. The Pizza Hut division faced challenges with a same-store sales decrease of 1% in the fourth quarter and a full-year decline of 1%. Furthermore, foreign currency translation negatively impacted operating profit by $28 million for the year. The company also terminated franchise agreements in Turkey, affecting 538 restaurants, indicating potential instability in that market.
linkFeb 06, 2025 07:01:27
Yum! Brands reported a 1% increase in worldwide system sales for the third quarter, driven largely by a 4% same-store sales growth at Taco Bell in the U.S. The company's digital sales surpassed $8 billion, making up over 50% of total sales. Additionally, KFC International saw a 9% increase in unit growth, with 685 new restaurants opened across 65 countries. Core operating profit grew by 3%, indicating some resilience in the company's performance despite external challenges.
On the downside, Yum! Brands experienced an 8% decline in GAAP EPS compared to the previous year, primarily due to a higher tax rate and reduced investment income. The Pizza Hut division faced difficulties, reporting a 1% drop in system sales and a 4% decline in same-store sales. Overall, the company cited pressures from geopolitical conflicts and consumer sentiment as factors affecting sales, which may have contributed to the mixed results across its various brands.
linkNov 05, 2024 07:01:30
Yum! Brands reported a 10% increase in core operating profit for Q2 2024, driven by Taco Bell's 5% same-store sales growth and KFC's 8% unit growth. However, overall system sales grew only 3%, with a 1% decline in same-store sales. Foreign currency issues negatively impacted earnings, and EPS fell 4% year-over-year. Despite challenges, the company remains optimistic about achieving at least 8% core profit growth for the year.
linkAug 06, 2024 07:01:42
Yum! Brands reported a 2% increase in system sales, with KFC showing 4% growth and Taco Bell 4%. Despite a 3% decline in same-store sales, the company saw a 6% increase in unit count. Digital sales surpassed $8 billion, representing over 50% of total sales. CEO David Gibbs highlighted a 6% growth in core operating profit and positive momentum. The company opened over 800 new units, positioning them to exceed 60,000 restaurants this year. Notably, Taco Bell U.S. achieved a 2% same-store sales growth.
linkMay 01, 2024 07:01:47