Yum! Brands, Inc. (YUM), or Yum! and formerly Tricon Global Restaurants, Inc., is an American fast food company. A Fortune 500 corporation, Yum operates the licensed brands Taco Bell, KFC, Pizza Hut, and WingStreet worldwide. Prior to 2011, Yum! also owned Long John Silver's and A&W Restaurants. Based in Louisville, Kentucky, it is one of the world's largest fast food restaurant companies in terms of system units—more than 41,000 restaurants around the world in over 125 countries. In 2014, Yum!'s global sales totaled more than US$13 billion.
KFC is going through re-Colonelization At a press event that was built up as “what may be 2016’s biggest story in fast food,” KFC U.S. president Jason Marker announced that the chain is undergoing a process they’ve chosen to call “Re-Colonelization.” Not to be confused with “recolonization,” the term refers to KFC’s efforts to refine its cooking process and ensure customers receive “Colonel-quality” fried chicken. "If you think of the craveable taste of KFC as the recipe and the process, it's been the process piece that we're focused on,” Marker told Fortune. He added that Yum! Brands, KFC’s parent company, announced last year that it would be investing $185 million directly into the fried chicken brand as well as “a quarter of a billion dollars in finance.” That money is helping fund KFC’s “Re-Colonelization” efforts which include upgrading all KFC U.S. kitchens and remodeling 3,000 assets. KFC plans to remodel 1,000 restaurants in 2016. Marker likened KFC to a “once great” football team--people talk about it nostalgically, but in recent years they haven’t been doing their best. To return to its “former glory,” the chain is also changing some of its fundamental cooking practices such as oil management, cook cycles, and hold times, to “go back to the process Colonel Sanders originally had in place.” “What we want is a business where we’re 100% accountable for the food we serve, and 100% proud of the food we serve,” Marker said. The chain is holding itself accountable by implementing a guarantee--if a customer doesn’t love his chicken, he can request a replacement. Marker said that this is just one part of a broader strategy, and that customers should expect future announcements from KFC. First getting the basics right gives the chain the ability to “generate a lot more innovation,” and “there’s some exciting innovation coming this year,” he added. LINK - http://www.msn.com/en-us/money/companies/kfc-is-going-through-re-colonelization/ar-BBrlzjk
Reported after close today: Earnings: EPS $0.95 and revenue $2.62B Estimates: EPS $0.83 and revenue $2.66B
YUM RESULTS: KFC owner Yum Brands surged $2.75, or 3.2 percent, to $88.49 after reporting better-than-expected profit despite soft sales at some of its brands.
I may need to buy a house that's close to a Taco Bell. Then sign me up for the spicy potato soft taco option. Taco Bell tests 30-day taco subscription to drive more frequent visits The newest subscription service isn’t to stream TV shows or movies. It’s for Taco Bell’s tacos. Customers with the Taco Lover’s Pass can order one crunchy taco, soft taco, spicy potato soft taco or Doritos Locos taco per day for 30 days straight on the chain’s app. The cost of the pass ranges from $5 to $10 a month, depending on the location. The Yum Brands chain is testing the program across 17 locations in Tucson, Arizona from Sept. 9 to Nov. 24.
You gotta be kidding, a subscription service? lol You better be going to Taco Bell every day to make the most from that! RIP your cholesterol levels and possibly bowels.
You don't eat 30 tacos at a time? 30 tacos for $5 or $10, hell yeah. Having to go every day for a month, hell no, not unless it is right across the street.