Yum! Brands reports for Q4 2024 and Q3 2024 have shown a decline in profitability and same-store sales, affected by factors such as market sales weakness. Taco Bell, however, has clinched the #1 Global Franchise Ranking and reports strong development. They've made use of AI-powered marketing to increase customer transactions, a factor also driving the brand's success. The company has positioned AI and digital upgrades as the future of the business. In a leadership reshuffle, company veteran
Scott Mezvinsky was promoted to
KFC CEO. Given food safety concerns linked to an E. coli outbreak at McDonald's, the fast-food giant removed onions from its meals. Meanwhile, the company terminated its franchising agreements in
Turkey due to non-compliance. Mr. Scott Catlett, the Chief Legal Officer and Franchise Officer, will leave Yum! Brands after 17 years. Sustainability remains a key priority for Yum! Brands, they're focused on carbon reduction, packaging improvements, and achieving gender parity in leadership positions. The company's 2025 virgin plastic reduction target remains under scrutiny.
Yum! Brands YUM News Analytics from Wed, 01 May 2024 07:00:00 GMT to Thu, 23 Jan 2025 17:37:27 GMT -
Rating 3
- Innovation 0
- Information 5
- Rumor -6
