\nYum! Brands, Inc. (NYSE: YUM) today reported results for the first-quarter ending March 31, 2023. Worldwide system sales excluding foreign currency translation grew 13% excluding Russia impact, with 8% same-store sales growth and 5% unit growth. First-quarter GAAP operating profit grew 3%. First-quarter core operating profit grew 11% including a 1 percentage point headwind from Russia. First-quarter GAAP EPS was $1.05 and first-quarter EPS excluding Special Items was $1.06. First-quarter EPS includes a negative $0.07 mark-to-market impact from unrealized investment losses and a negative $0.08 impact from foreign currency translation.<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230502005939\/en\/<\/a><\/p>\n DAVID GIBBS COMMENTS<\/span><\/b><\/p>\n \nDavid Gibbs, CEO, said \u201cOur first-quarter results continue to illustrate the power of our global portfolio and the advantages of our business model. The demand for our iconic brands is evident as our incredible teams and franchise partners delivered another strong quarter with system sales growth of 13% excluding Russia, driven by 8% same-store sales growth and continued development momentum. We’re seeing broad-based accelerating digital sales growth leading to a record quarter for both digital system sales of nearly $7 billion and digital sales mix that exceeded 45%. I\u2019m pleased to see the revenue flow through in the quarter translate to 11% core operating profit growth. We’re proud of the strong start to the year and confident we’ll continue to build on our position as the global franchisor of choice.\u201d<\/p>\n RUSSIA UPDATE<\/span><\/b><\/p>\n Key Performance<\/b><\/p>\n Metrics Adjusted for<\/b><\/p>\n Russia<\/b><\/p>\n<\/td>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n System Sales<\/b><\/p>\n Ex F\/X<\/b><\/p>\n<\/td>\n Units<\/b><\/p>\n<\/td>\n<\/tr>\n \nKFC Division<\/p>\n<\/td>\n \n+15<\/p>\n<\/td>\n \n+7<\/p>\n<\/td>\n<\/tr>\n \nWorldwide<\/p>\n<\/td>\n \n+13<\/p>\n<\/td>\n \n+5<\/p>\n<\/td>\n<\/tr>\n<\/table>\n FIRST-QUARTER HIGHLIGHTS<\/span><\/b><\/p>\n Reported Results<\/b><\/p>\n<\/td>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n System Sales<\/b><\/p>\n Ex F\/X<\/b><\/p>\n<\/td>\n Same-Store Sales<\/b><\/p>\n<\/td>\n Units<\/b><\/p>\n<\/td>\n GAAP Operating Profit<\/b><\/p>\n<\/td>\n Core<\/b><\/p>\n Operating Profit1<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n \nKFC Division<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n \n+9<\/p>\n<\/td>\n \n+2<\/p>\n<\/td>\n \n+5<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n<\/tr>\n \nTaco Bell Division<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n \n+8<\/p>\n<\/td>\n \n+6<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n<\/tr>\n \nPizza Hut Division<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n \n+7<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n \n+2<\/p>\n<\/td>\n \n+7<\/p>\n<\/td>\n<\/tr>\n \nWorldwide<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n \n+8<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1 <\/sup>See reconciliation of Non-GAAP Measurements to GAAP Results within this release for further detail of Core Operating Profit.<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n \nAll comparisons are versus the same period a year ago.<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSystem sales growth figures exclude foreign currency translation (“F\/X”) and core operating profit growth figures exclude F\/X and Special Items. Special Items are not allocated to any segment and therefore only impact worldwide GAAP results. See reconciliation of Non-GAAP Measurements to GAAP Results within this release for further details.<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDigital system sales includes all transactions where consumers at system restaurants utilize ordering interaction that is primarily facilitated by automated technology.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n<\/td>\n First-Quarter<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n \nGAAP EPS<\/p>\n<\/td>\n \n$1.05<\/p>\n<\/td>\n \n$1.36<\/p>\n<\/td>\n \n(23)<\/p>\n<\/td>\n<\/tr>\n \nSpecial Items EPS1<\/sup><\/p>\n<\/td>\n \n$(0.01)<\/p>\n<\/td>\n \n$0.31<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n<\/tr>\n \nEPS Excluding Special Items<\/p>\n<\/td>\n \n$1.06<\/p>\n<\/td>\n \n$1.05<\/p>\n<\/td>\n \nEven<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1 <\/sup>See reconciliation of Non-GAAP Measurements to GAAP Results within this release for further detail of Special Items.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n KFC DIVISION<\/span><\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n First-Quarter<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n %\/ppts Change<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n Reported<\/b><\/p>\n<\/td>\n Ex F\/X<\/b><\/p>\n<\/td>\n<\/tr>\n \nRestaurants<\/p>\n<\/td>\n \n28,003<\/p>\n<\/td>\n \n27,372<\/p>\n<\/td>\n \n+2<\/p>\n<\/td>\n \nN\/A<\/p>\n<\/td>\n<\/tr>\n \nSystem Sales ($MM)<\/p>\n<\/td>\n \n8,057<\/p>\n<\/td>\n \n7,733<\/p>\n<\/td>\n \n+4<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n<\/tr>\n \nSame-Store Sales Growth (%)<\/p>\n<\/td>\n \n+9<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n<\/tr>\n \nFranchise and Property Revenues ($MM)<\/p>\n<\/td>\n \n412<\/p>\n<\/td>\n \n383<\/p>\n<\/td>\n \n+8<\/p>\n<\/td>\n \n+14<\/p>\n<\/td>\n<\/tr>\n \nOperating Profit ($MM)<\/p>\n<\/td>\n \n305<\/p>\n<\/td>\n \n291<\/p>\n<\/td>\n \n+5<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n<\/tr>\n \nOperating Margin (%)<\/p>\n<\/td>\n \n44.4<\/p>\n<\/td>\n \n44.1<\/p>\n<\/td>\n \n+0.3<\/p>\n<\/td>\n \n+0.9<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n<\/td>\n First-Quarter (% Change)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n International<\/b><\/p>\n<\/td>\n U.S.<\/b><\/p>\n<\/td>\n<\/tr>\n \nSystem Sales Growth Ex F\/X<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n<\/tr>\n \nSame-Store Sales Growth<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n \n+2<\/p>\n<\/td>\n<\/tr>\n<\/table>\n KFC Markets1<\/sup><\/b><\/p>\n<\/td>\n Percent of KFC<\/b><\/p>\n System Sales2<\/sup><\/b><\/p>\n<\/td>\n System Sales Growth Ex F\/X<\/b><\/p>\n<\/td>\n<\/tr>\n First-Quarter<\/b><\/p>\n (% Change)<\/b><\/p>\n<\/td>\n<\/tr>\n \nChina<\/p>\n<\/td>\n \n25%<\/p>\n<\/td>\n \n+17<\/p>\n<\/td>\n<\/tr>\n \nUnited States<\/p>\n<\/td>\n \n15%<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n<\/tr>\n \nEurope (excluding United Kingdom)<\/p>\n<\/td>\n \n12%<\/p>\n<\/td>\n \n+28<\/p>\n<\/td>\n<\/tr>\n \nAsia<\/p>\n<\/td>\n \n11%<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n<\/tr>\n \nAustralia<\/p>\n<\/td>\n \n7%<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n<\/tr>\n \nUnited Kingdom<\/p>\n<\/td>\n \n7%<\/p>\n<\/td>\n \n+5<\/p>\n<\/td>\n<\/tr>\n \nMiddle East \/ Turkey \/ North Africa<\/p>\n<\/td>\n \n6%<\/p>\n<\/td>\n \n+27<\/p>\n<\/td>\n<\/tr>\n \nLatin America<\/p>\n<\/td>\n \n6%<\/p>\n<\/td>\n \n+18<\/p>\n<\/td>\n<\/tr>\n \nAfrica<\/p>\n<\/td>\n \n5%<\/p>\n<\/td>\n \n+16<\/p>\n<\/td>\n<\/tr>\n \nThailand<\/p>\n<\/td>\n \n2%<\/p>\n<\/td>\n \n+15<\/p>\n<\/td>\n<\/tr>\n \nCanada<\/p>\n<\/td>\n \n2%<\/p>\n<\/td>\n \n+7<\/p>\n<\/td>\n<\/tr>\n \nIndia<\/p>\n<\/td>\n \n2%<\/p>\n<\/td>\n \n+25<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup>Refer to investors.yum.com\/financial-information\/financial-reports\/ for a list of the countries within each of the markets.<\/p>\n<\/td>\n<\/tr>\n 2<\/sup>Reflects Full Year 2022 adjusted for the exclusion of Russia.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n TACO BELL DIVISION<\/span><\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n First-Quarter<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n %\/ppts Change<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n Reported<\/b><\/p>\n<\/td>\n Ex F\/X<\/b><\/p>\n<\/td>\n<\/tr>\n \nRestaurants<\/p>\n<\/td>\n \n8,276<\/p>\n<\/td>\n \n7,831<\/p>\n<\/td>\n \n+6<\/p>\n<\/td>\n \nN\/A<\/p>\n<\/td>\n<\/tr>\n \nSystem Sales ($MM)<\/p>\n<\/td>\n \n3,464<\/p>\n<\/td>\n \n3,108<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n<\/tr>\n \nSame-Store Sales Growth (%)<\/p>\n<\/td>\n \n+8<\/p>\n<\/td>\n \n+5<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n<\/tr>\n \nFranchise and Property Revenues ($MM)<\/p>\n<\/td>\n \n201<\/p>\n<\/td>\n \n179<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n \n+12<\/p>\n<\/td>\n<\/tr>\n \nOperating Profit ($MM)<\/p>\n<\/td>\n \n204<\/p>\n<\/td>\n \n185<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n \n+11<\/p>\n<\/td>\n<\/tr>\n \nOperating Margin (%)<\/p>\n<\/td>\n \n35.6<\/p>\n<\/td>\n \n35.7<\/p>\n<\/td>\n \n(0.1)<\/p>\n<\/td>\n \nEven<\/p>\n<\/td>\n<\/tr>\n<\/table>\n PIZZA HUT DIVISION<\/span><\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n First-Quarter<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n %\/ppts Change<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n Reported<\/b><\/p>\n<\/td>\n Ex F\/X<\/b><\/p>\n<\/td>\n<\/tr>\n \nRestaurants<\/p>\n<\/td>\n \n19,046<\/p>\n<\/td>\n \n18,518<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n \nN\/A<\/p>\n<\/td>\n<\/tr>\n \nSystem Sales ($MM)<\/p>\n<\/td>\n \n3,336<\/p>\n<\/td>\n \n3,160<\/p>\n<\/td>\n \n+6<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n<\/tr>\n \nSame-Store Sales Growth (%)<\/p>\n<\/td>\n \n+7<\/p>\n<\/td>\n \nEven<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n \nNM<\/p>\n<\/td>\n<\/tr>\n \nFranchise and Property Revenues ($MM)<\/p>\n<\/td>\n \n155<\/p>\n<\/td>\n \n151<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n \n+6<\/p>\n<\/td>\n<\/tr>\n \nOperating Profit ($MM)<\/p>\n<\/td>\n \n104<\/p>\n<\/td>\n \n102<\/p>\n<\/td>\n \n+2<\/p>\n<\/td>\n \n+7<\/p>\n<\/td>\n<\/tr>\n \nOperating Margin (%)<\/p>\n<\/td>\n \n41.2<\/p>\n<\/td>\n \n42.1<\/p>\n<\/td>\n \n(0.9)<\/p>\n<\/td>\n \n(0.1)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n<\/td>\n First-Quarter (% Change)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n International<\/b><\/p>\n<\/td>\n U.S.<\/b><\/p>\n<\/td>\n<\/tr>\n \nSystem Sales Growth Ex F\/X<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n<\/tr>\n \nSame-Store Sales Growth<\/p>\n<\/td>\n \n+5<\/p>\n<\/td>\n \n+8<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Pizza Hut Markets1<\/sup><\/b><\/p>\n<\/td>\n Percent of Pizza Hut System Sales2<\/sup><\/b><\/p>\n<\/td>\n System Sales Growth Ex F\/X<\/b><\/p>\n<\/td>\n<\/tr>\n First-Quarter<\/b><\/p>\n (% Change)<\/b><\/p>\n<\/td>\n<\/tr>\n \nUnited States<\/p>\n<\/td>\n \n41%<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n<\/tr>\n \nChina<\/p>\n<\/td>\n \n16%<\/p>\n<\/td>\n \n+24<\/p>\n<\/td>\n<\/tr>\n \nAsia<\/p>\n<\/td>\n \n14%<\/p>\n<\/td>\n \n(1)<\/p>\n<\/td>\n<\/tr>\n \nEurope<\/p>\n<\/td>\n \n14%<\/p>\n<\/td>\n \n+3<\/p>\n<\/td>\n<\/tr>\n \nLatin America<\/p>\n<\/td>\n \n6%<\/p>\n<\/td>\n \n+5<\/p>\n<\/td>\n<\/tr>\n \nMiddle East \/ Africa<\/p>\n<\/td>\n \n4%<\/p>\n<\/td>\n \n+10<\/p>\n<\/td>\n<\/tr>\n \nCanada<\/p>\n<\/td>\n \n3%<\/p>\n<\/td>\n \n+7<\/p>\n<\/td>\n<\/tr>\n \nIndia<\/p>\n<\/td>\n \n2%<\/p>\n<\/td>\n \n+16<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup>Refer to investors.yum.com\/financial-information\/financial-reports\/ for a list of the countries within each of the markets. Note that during the first quarter of 2023 Pizza Hut Division<\/p>\n \nrealigned their international market structure.<\/p>\n<\/td>\n<\/tr>\n 2<\/sup>Reflects Full Year 2022 adjusted for the exclusion of Russia.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n HABIT BURGER GRILL DIVISION<\/span><\/b><\/p>\n OTHER ITEMS<\/span><\/b><\/p>\n CONFERENCE CALL<\/span><\/b><\/p>\n \nYum! Brands, Inc. will host a conference call to review the company’s financial performance and strategies at 8:15 a.m. Eastern Time May 3, 2023. The number is 844\/200-6205 for U.S. callers, 833\/950-0062 for Canada callers, and 929\/526-1599 for international callers, conference ID 981951.<\/p>\n \nThe call will be available for playback beginning at 10:00 a.m. Eastern Time May 3, 2023 through May 10, 2023. To access the playback, dial 866\/813-9403 in the U.S., 226\/828-7578 in Canada, 0204\/525-0658 for U.K. (local), and +44\/204-525-0658 internationally, conference ID 146153.<\/p>\n \nThe webcast and the playback can be accessed by visiting Yum! Brands’ website, investors.yum.com\/events-and-presentations<\/i> and selecting \u201cQ1 2023 Yum! Brands, Inc. Earnings Call.\u201d<\/p>\n ADDITIONAL INFORMATION ONLINE<\/span><\/b><\/p>\n \nQuarter end dates for each division, restaurant count details, definitions of terms and Restricted Group financial information are available at investors.yum.com. <\/i>Reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures are included in our Condensed Consolidated Summary of Results.<\/p>\n FORWARD-LOOKING STATEMENTS<\/span><\/b><\/p>\n \nThis announcement may contain \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as \u201cexpect,\u201d \u201cexpectation,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cmay,\u201d \u201ccould,\u201d \u201cintend,\u201d \u201cbelief,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201ctarget,\u201d \u201cpredict,\u201d \u201clikely,\u201d \u201cseek,\u201d \u201cproject,\u201d \u201cmodel,\u201d \u201congoing,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cforecast,\u201d \u201coutlook\u201d or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and\/or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. 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. There can be no assurance that our expectations, estimates, assumptions and\/or projections, including with respect to the future earnings and performance or capital structure of Yum! Brands, will prove to be correct or that any of our expectations, estimates or projections will be achieved.<\/p>\n \nNumerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation: the severity and duration of the COVID-19 pandemic; food safety and food- or beverage-borne illness issues; adverse impacts of catastrophic or unforeseen events; the success of our concepts\u2019 franchisees; the success of our development strategy; anticipated benefits from past or potential future acquisitions, investments or other strategic transactions, or our portfolio business model; our significant exposure to the Chinese market; our global operations; foreign currency risks and foreign exchange controls; our ability to protect the integrity or availability of IT systems or the security of confidential information and other cybersecurity risks; compliance with data privacy and data protection legal requirements; our ability to successfully implement technology initiatives; our increasing dependence on multiple digital commerce platforms; the impact of social media; our ability to protect our trademarks and other intellectual property; shortages or interruptions in the availability and the delivery of food, equipment and other supplies; the loss of key personnel, labor shortages and increased labor costs; changes in food prices and other operating costs; our corporate reputation and the value and perception of our brands; evolving expectations and requirements with respect to social and environmental sustainability matters; adverse effects of climate change; pending or future litigation and legal claims or proceedings; changes in, or noncompliance with, legal requirements; tax matters, including changes in tax rates or laws, impositions of new taxes, tax implications of our restructurings, or disagreements with taxing authorities; changes in consumer discretionary spending and economic conditions, including inflationary pressures; competition within the retail food industry; risks relating to our significant amount of indebtedness. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.<\/p>\n \nThe forward-looking statements included in this announcement are only made as of the date of this announcement and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions \u201cRisk Factors\u201d and \u201cForward-Looking Statements\u201d in our most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q) for additional detail about factors that could affect our financial and other results.<\/p>\n \nYum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of over 55,000 restaurants in more than 155 countries and territories under the company\u2019s concepts \u2013 KFC, Taco Bell, Pizza Hut and the Habit Burger Grill. The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style food, and pizza categories, respectively. The Habit Burger Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2023, the KFC, Taco Bell and Pizza Hut brands were ranked in the top five of Entrepreneur\u2019s Top Global Franchises Ranking. In addition, in 2023 Yum! Brands was included on the Bloomberg Gender-Equality Index; Forbes\u2019 list of America\u2019s Best Employers for Diversity; and Newsweek\u2019s lists recognizing America\u2019s Most Responsible Companies, America\u2019s Greatest Workplaces for Diversity and America\u2019s Greatest Workplaces for Women. In 2022, the Company was named to the Dow Jones Sustainability Index North America.<\/p>\n \nCategory: Earnings<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230502005939\/en\/<\/a><\/span><\/p>\n \nAnalysts are invited to contact: \nMembers of the media are invited to contact: KEYWORDS:<\/b> Kentucky United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Retail Restaurant\/Bar Food\/Beverage<\/p>\n\n
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Jodi Dyer, Vice President, Investor Relations at 888\/298-6986<\/p>\n
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Virginia Ferguson, Vice President, Public Relations, at 502\/874-8200<\/p>\n
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