Yum! Brands, KFC, Pizza Hut and Taco Bell employees across U.S. to benefit from the company’s expanded parental time-off policy

Louisville, KY, 2017-Feb-28 — /EPR Retail News/ — Yum! Brands (NYSE: YUM) today (February 27, 2017) announced an expanded parental time-off policy as part of the Company’s ongoing commitment to its people-first culture and investment in its employees. The expanded parental time-off policy offers birth mothers 18 weeks of fully paid time away from work, including six weeks of “baby bonding” time. In addition, the policy offers six weeks of fully paid “baby bonding” time away from work to fathers, partners, adoptive and foster parents.

Yum! Brands, KFC, Pizza Hut and Taco Bell employees at its U.S. headquarters in Louisville, Plano, Texas, and Irvine, Calif., as well as other above restaurant leaders across the country who are employed by the company can take advantage of the policy effective immediately.“As we transform Yum! Brands into a more growth-focused brand builder and global franchisor, investing in our unrivaled culture while engaging and attracting talent is a top priority,” said Tracy Skeans, Chief Transformation and People Officer, Yum! Brands. “This expanded parental time off and baby bonding benefit builds on our strong legacy of investing in our people and culture to fuel great results and continuously providing meaningful ways to help our employees be and contribute their best at work and at home.”

In addition to the expanded parental time-off policy, Yum! Brands recently started offering increased flexibility to corporate employees with year-round half-day Fridays and a minimum of four weeks paid vacation plus two additional bonus weeks in an employee’s 10th, 20th or 30th year of service. The Company also offers a range of other benefits to support working parents and families including 24/7, 365-day access to a doctor through Teladoc, financial support for adoption services and infertility treatments, autism support services, daycare facilities and a host of wellness programs.

About Yum! Brands, Inc.
Yum! Brands, Inc., based in Louisville, Kentucky, has over 43,500 restaurants in more than 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. The company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in international retail development.

RELEASE NOTICE

The releases contained on this page may contain dated information. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Yum! Brands, its business and product offerings. As the releases may contain dated information, they should not be relied upon as providing accurate or current information. Yum! Brands disclaims any intention or obligation to update or revise any of the information contained in any of the releases on this page, whether as a result of new information, future events or otherwise.

Contact:  502-874-8200

Source: Yum! Brands, Inc.

Yum! Brands to outline development plans for its iconic global brands KFC, Pizza Hut and Taco Bell

Louisville, KY, 2016-Oct-15 — /EPR Retail News/ — Yum! Brands, Inc. (NYSE: YUM) will announce today (October 11, 2016) at its annual investor conference in New York City the Company’s strategic transformation plans to drive growth of its KFC, Pizza Hut and Taco Bell brands following the separation of its China business, currently expected to be completed after the close of business on October 31, 2016. Yum! Brands will outline how the Company is sharpening its focus on the development of its three iconic global brands, increasing its franchise ownership and creating a leaner, more efficient cost structure. The Company will also provide an update for returning capital to shareholders.

“Our mission is to build the world’s most loved, trusted and fastest-growing restaurant brands,” said Greg Creed, Chief Executive Officer of Yum! Brands. “The transformation we are announcing today is a significant investment in our future designed to build and strengthen KFC, Pizza Hut and Taco Bell around the world and to create even more long-term value for our shareholders. As a ‘pure play’ franchisor, the transformed Yum! Brands will become more efficient and capital light with an optimized capital structure, improved cash flow and laser-like focus on our key strategies to drive same-store sales and new unit growth worldwide.”

Major features of the Company’s transformation and growth strategy involve being more focused, franchised and efficient.

  • More Focused. Four growth drivers will form the basis of Yum! Brands’ strategic plans and repeatable business model to accelerate same-store sales growth and net-new restaurant development at KFC, Pizza Hut and Taco Bell around the world over the long term. The Company will focus on becoming best-in-class in:
    • Building Distinctive, Relevant Brands, by increasing investment in consumer insights, core product innovation, digital excellence and initiatives that strengthen the quality, convenience and appeal of the customer experience;
    • Developing Unmatched Franchise Operating Capability, by strengthening how we equip and recruit the best restaurant operators to deliver great customer experiences, and build and protect our brands;
    • Driving Bold Restaurant Development through partnerships with growth-minded franchisees who can expand and penetrate markets with modern restaurants, strong economics and value; and
    • Growing Unrivaled Culture and Talent to strengthen the customer experience and franchise success with best-in-class people capability and culture.
  • More Franchised. Partnering with growth-minded franchisees, Yum! Brands will increase franchise restaurant ownership from 77% currently to 93% at the time of the separation of the China business to at least 98% by fiscal year ending 2018, with a focus on equipping and recruiting the best restaurant operators in the world to deliver great customer experiences and drive brand growth.
  • More Efficient. The Company will revamp its financial profile, improving the efficiency of its organization and cost structure globally, by:
    • Reducing annual capital expenditures from ~$500 million (2015 Pro Forma post-separation) to ~$100 million (FYE 2019);
    • Reducing G&A by a cumulative ~$300 million by FYE 2019; and
    • Maintaining optimized capital structure of ~5.0x EBITDA leverage.

Mr. Creed continued, “The separation of our China business provided a once-in-a-lifetime opportunity to review our operating model and consider all possibilities available under our new structure. The transformed Yum! Brands will maintain its geographic diversity with continued, meaningful exposure to the growth potential of the world’s largest consumer market, China, but with greater revenue stability by leveraging our four growth drivers. We will reinforce the distinctiveness of our brands and their relevance to customers, select the highest potential franchisees and help drive their success, expand more profitably in key markets across the globe and bolster training and talent initiatives to foster the culture that will be especially critical as we evolve into a highly franchised growth company.”

Capital Return Program Update
Following through on its previously announced plan to return $6.2 billion of capital to shareholders (excluding dividends) in connection with the separation of its China business, Yum! Brands has repurchased approximately $5.5 billion in shares at an average price of approximately $81, reducing its share count by approximately 16% as of October 10, 2016. The Company is also expanding its plan to return capital to shareholders and now expects to return a total of $13.5 billion (including dividends) between Q4 2015 and 2019.

 Separation of the China Business
After the separation of the China business, Yum China Holdings, Inc. will become a licensee of Yum! Brands in Mainland China. Yum China will have exclusive rights to KFC, China’s leading quick-service restaurant concept, Pizza Hut, the leading casual dining brand, and Taco Bell, which is expanding globally but is not yet in China. It will also own the Little Sheep and East Dawning concepts. Yum China has more than 7,300 restaurants and more than 400,000 employees in over 1,100 cities, and generated over $8 billion in system sales in 2015. The standalone company, Yum China, is expected to begin trading “regular way” on the New York Stock Exchange under the symbol “YUMC” on November 1, 2016.

In addition to Mr. Creed and other senior Yum! Brands leaders, the Yum China leadership team will also speak at the investor conference about their growth plans, as described in a release issued separately today.

Today’s presentations can be followed live via webcast beginning at 8:00 a.m. EDT at:
http://edge.media-server.com/m/p/8vmtxvkm.

About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, has more than 43,000 restaurants in almost 140 countries and territories. Yum! Brands is ranked #218 on the Fortune 500 List with revenues of over $13 billion in 2015 and is one of the Aon Hewitt Top Companies for Leaders in North America.  The Company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories.  Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication contain “forward-looking statements.” Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often include words such as “may,” “will,” “estimate,” “intend,” “seek,” “expect,” “project,” “anticipate,” “believe,” “plan,” “could,” “target,” “predict,” “likely,” “should,” “forecast,” “outlook,” “model,” “ongoing” or other similar terminology. Forward-looking statements are based on our current expectations, estimates, assumptions or projections concerning future results or events, including, without limitation, the planned separation of the Yum! Brands and Yum China businesses, the timing of such separation, the future earnings and performance as well as capital structure of Yum! Brands or any of its businesses, including the Yum! Brands and Yum China businesses on a stand-alone basis if the separation is completed and the intended future plans and expectations for Yum! Brands following the separation of the China businesses as described in this news release. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or projections will be achieved. Factors that could cause actual results and events to differ materially from our expectations and forward-looking statements are, in addition to those noted above, included in reports filed with the SEC by Yum! Brands from time to time, including those discussed under the heading “Risk Factors” in our most recently filed reports on Form 10-K and 10-Q, as well as in the Form 10 filed with the SEC by Yum China. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. We are not undertaking to update any of these statements.

Analysts are invited to contact:
Keith Siegner
Vice President
Investor Relations and Corporate Strategy
888-298-6986

Elizabeth Grenfell
Director
Investor Relations
888-298-6986

Members of the media are invited to contact:
Virginia Ferguson
Director Public Relations
502-874-8200

Source: Yum! Brands, Inc.

GED Testing Service partnered with Walmart, KFC, Taco Bell and Southeastern Grocers to create GEDWorks(tm)

Louisville, KY, 2015-11-9 — /EPR Retail News/ — GED Testing Service has partnered with some of the nation’s largest employers and most recognizable brands – including Walmart, KFC, Taco Bell and Southeastern Grocers – to create GEDWorksTM, a comprehensive program free for employees who want to earn their GED credential.

The GEDWorks program includes everything an employee needs to successfully prepare for and pass the GED test. Students are provided access to a GED advisor, online GED study material, connections to local adult education programs, practice tests, and more. GED advisors are a key element of GEDWorks and help guide, engage, and motivate students. GEDWorks also helps keep graduates moving forward after completing the tests by connecting them with college and career pathways tools on GED.com.

GEDWorks is one indicator that national employers understand the value of the new GED program, which is focused on better preparing learners to compete in today’s job market and to successfully enter post-secondary education programs essential to most 21st century jobs. This effort also marks the first time national employers have banded together to support a program aimed solely at decreasing the number of adults without a high school diploma, an important step in improving the country’s economic competitiveness.

“Employers have invested in this national program with GED Testing Service to boost the education levels of their employees because they recognize the benefits of the enhanced GED program and the importance of education in the lives of their employees. The program offers a cost-effective way for employers to help adult learners achieve their goals and invest in their futures. Students earning a GED credential enhance their career prospects and earning potential,” said Randy Trask, President of GED Testing Service.

The support that employers show their participating employees is another key element of the GEDWorks program.

“Taco Bell believes in helping our Team Members get more out of life – starting with an education,” said Frank Tucker, Global Chief People Officer at Taco Bell. “GEDWorks is great because it gives our employees everything they need to prepare for and pass the GED test on their own flexible terms. Not only are we developing our Team Members and creating an engaged workforce, but we’re also inspiring these valued Team Members to champion their potential, education and future.”

“Walmart believes that education is key to an associate’s personal and professional development,” said Michelle Knight, Vice President of Talent Development for Walmart U.S. “The opportunity to earn a market-valued credential helps our people gain skills to advance their career. Achieving success with the GEDWorks program is a gateway to opportunity.”

The program is completely free for learners. It is fully funded by employers or, in the case of KFC, by the associated charity, Kentucky Fried Chicken Foundation. The only investment needed by students is time and energy to prepare for the test.

“Restaurant operators love that the GEDWorks and other Foundation programs help them recruit and retain high quality employees who are interested in working hard to improve themselves. The KFC Foundation is proud to be able to support them, and continue Colonel Sanders’ legacy of helping people be their best selves through education,” said Krista Snider, Managing Director of the KFC Foundation.

“Now that I have my GED, it takes away that little bit of shame and embarrassment [of not having graduated from high school],” said Courtney, an employee of Winn-Dixie/Southeastern Grocers in Alabama and one of the first graduates of the GEDWorks program. “My GED advisor was very encouraging and friendly throughout the process – she addressed all of the concerns I had along the way. I think others should go for it as well!”

For more information visit the GEDWorks Media Kit web page, which includes: GEDWorks Press Release in English and Spanish, GEDWorks Infographic, Soundcloud Audio Clip, First GEDWorks Graduate Video, GEDWorks Student Profiles/Stories, Link to the GEDWorks Website.

SOURCE: Yum! Brands RSC

Yum! Brands celebrates its 18th anniversary on October 9th with a Red vs Blue Hunger “Drive-Thru”

Louisville, KY, 2015-9-23 — /EPR Retail News/ — In October 1997, PepsiCo spun off its three restaurant brands – KFC, Pizza Hut and Taco Bell – to form a new company based out of Louisville, KY. 18 years later, Yum! Brands is one of the world’s largest restaurant companies with more than 41,000 restaurants in over 125 countries around the globe. We are a company with a Huge Heart and are proud to support the Louisville, KY community in the areas of hunger relief, arts and culture, human and social services.

This year, we are celebrating our 18th anniversary on Friday, October 9th from 5:00 AM – 5:30 PM EST with a Redvs Blue Hunger “Drive-Thru” benefitting Dare to Care Food Bank. Bring at least 18 canned goods, in celebration of our 18th anniversary, and you will be entered into a drawing for either UK or UL basketball tickets. We will also be hosting Kentucky Sports Radio and the Afternoon Underdogs live on campus and will draw for the tickets on-air at Noon and 5:30 PM EST, respectively.

Former UK and UL athletes will be on-hand to help us greet the community and sort canned goods. The Hi-Five Donut truck will also be onsite serving up complimentary donuts between 10:00 AM – Noon. Join us Friday, October 9th to celebrate Yum! Brands’ 18th anniversary by helping us reach our goal of 18,000 cans for Dare to Care Food Bank.

What: Red vs Blue Hunger “Drive-Thru” benefitting Dare to Care Food Bank
Where: Yum! Brands, 1441 Gardiner Lane Louisville, KY 40213
When: Friday, October 9th 5:00 AM – 5:30 PM
GOAL: 18,000 cans (18 cans = Eligible for UK & UL ticket drawing)

SOURCE: Yum! Brands RSC

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Yum! Brands celebrates its 18th anniversary on October 9th with a Red vs Blue Hunger “Drive-Thru”

Yum! Brands celebrates its 18th anniversary on October 9th with a Red vs Blue Hunger “Drive-Thru”