Yum! Brands Net Worth is14.0 12-Month Sales Growth (%)
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Type: Public company
Traded As: YUM, S&P 500
Foundation: 1997 as '''Tricon Global Restaurants, Inc.''', 2002 - rename
Location City: Louisville, Kentucky
Location Country: United States
Area Served: Worldwide
Key People: David C. Novak, (Vice Chairman)
Industry: Restaurants
Revenue: operating income
Net Income: aum
Assets: {{increase United States dollar8.834 Billion (2011)
Equity: {{increase}} United States dollar1.823 Billion (2011)
Num Employees: 466,000 (as of December 2011)
Divisions: China
Subsid: KFC, Yum! Restaurants India
Homepage: [http://yum.com yum.com]
Yum! Brands, Inc. or Yum! is a United States-based Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, and WingStreet restaurants worldwide. Prior to 2011, Yum! also owned Long John Silver's and A&W Restaurants.
Based in Louisville, Kentucky, it is the world's largest fast food restaurant company in terms of system unitsa??more than 38,000 restaurants around the world in over 120 countries. In 2011, Yum!'s global sales totaled more than US$12 billion.
Yum! was created on October 7, 1997, as Tricon Global Restaurants, Inc. an independent company, as a result of a spin-out from PepsiCo, which owned and franchised the KFC, Pizza Hut, and Taco Bell brands worldwide. Because of the company's previous relationship with Pepsi, Yum! Brands has a lifetime contract with PepsiCo, with notable exceptions the contracts of franchisees such as HMSHost and college-operated locations with Coca-Cola which override Yum's lifetime PepsiCo contract, along with some scattered KFC franchises across the United States which continue to maintain Coke fountain rights.
In March 2002, Tricon announced the acquisition of Lexington, Kentucky-based Yorkshire Global Restaurants, owner of the Long John Silver's and A&W All-American Food chains and its intention to change the company's name to Yum! Brands, Inc. On May 16, 2002, the name change became effective after a vote during the company's annual shareholders meeting, and on June 17, 2002, Yum! executed a two-for-one stock split. Shortly afterwards, due to Yum!'s lifetime contract with Pepsi, Long John Silver's and A&W Restaurants (both of which previously served Coca-Cola) switched to Pepsi products, with A&W retaining A&W Root Beer from a separate deal with Dr Pepper Snapple Group.
In 2003, Yum! launched WingStreet as a hybrid combo unit with an existing Pizza Hut franchise.
In January 2011, Yum! announced its intentions to divest itself of its Long John Silver's and A&W brands to focus on its core brand

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