- Business
- Yum! Brands, Inc. (NYSE: YUM; Xetra: TGR.DE) develops, franchises and operates quick-service and fast-casual restaurants worldwide through its core brands KFC, which offers fried chicken including Original Recipe products; Taco Bell, specializing in Mexican-style food such as tacos, burritos, quesadillas and value menu items; Pizza Hut, providing pizzas, pasta and wings primarily through delivery and carryout; and Habit Burger & Grill, featuring made-to-order chargrilled burgers, sandwiches, salads and shakes; along with franchise support services, proprietary technology platforms including the AI-driven Byte by Yum! for digital ordering and operations, and advertising contributions. The company, founded in 1997 as a PepsiCo spin-off and headquartered in Louisville, Kentucky, conducts operations in more than 155 countries and territories with over 62,000 restaurants, approximately 98% franchised to about 1,500 franchisees targeting mass-market consumers seeking value-oriented, category-leading fast food. Recent developments include the initiation in November 2025 of a formal strategic review of options for the Pizza Hut brand to maximize shareholder value; leadership transitions with Chris Turner assuming the CEO role on October 1, 2025, succeeding David Gibbs, and Ranjith Roy appointed CFO in September 2025; the acquisition in September 2025 of 13 Florida restaurant site leases from PDQ to expand the Saucy by KFC chicken tender concept; talks in July 2025 to facilitate a merger of Indian franchisees Devyani International and Sapphire Foods for KFC and Pizza Hut operations; record digital system sales of $10 billion in Q3 2025 representing a 60% digital mix; and KFC U.S. headquarters relocation to Plano, Texas, as part of ongoing restructuring and technology investments.