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Where

um! Brands, Inc., based in Louisville, Kentucky, has over 53,000 restaurants in more than 155 countries and territories primarily operating the company’s restaurant brands – KFCPizza Hut and Taco Bell – global leaders of the chicken, pizza and Mexican-style food categories. The Company’s family of brands also includes The Habit Burger Grill, a fast-casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2021, Yum! Brands was named to the Dow Jones Sustainability North America Index and was ranked on Newsweek’s list of America’s Most Responsible Companies.

Since our spin-off from PepsiCo in 1997, we’ve become a truly global company led by approximately 1,500 world-class franchisees. In 2016, we successfully spun off our China business as an independent, publicly traded company and announced our Recipe for Growth, our multi-year growth strategy to become more focused, more franchised and more efficient.

Our Recipe for Growth strategy includes four growth drivers and is the foundation on which our sustainable, long-term results are built. These drivers will allow us to keep our promises to serve delicious food, make our food accessible to customers, give employees a place to grow and make a difference, offer opportunities for franchisees and deliver strong returns and long-term value. These growth capabilities are the key drivers of same-store sales and net-new unit growth and serve as our guiding principles in all business decisions.

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