Yum! Restaurants International (YRI), based in Dallas, Texas, is a powerful global growth engine for Yum! Brands, with more than 12,000 restaurants outside the U.S. and China Division (mainland China, Thailand, KFC Taiwan) in over 110 countries.
One of our four key business strategies is to drive profitable international growth. YRI's demonstrated track record of growth and expansion of the KFC and Pizza Hut brands around the world has been a large part of our success. YRI is a diverse, high-return business, with more than $480 million in operating profits in 2007 and a record 852 new restaurant openings across six continents. We expect 2008 to be YRI's ninth year of opening more than 700 new restaurants outside of the U.S. and China.
We have strong local teams around the world, operate in more than 110 countries and territories with established supply chains and have more than 700 international franchisees. Our franchise and joint-venture partners are driving growth by opening 90 percent of our new international restaurants.
Our international business is one of the key factors that make us truly unique in the restaurant industry. For example, our KFC business in France enjoys the highest unit volumes of any KFC business in the world. For the last four years Pizza Hut has been ranked as the #1 most trusted food-service brand in India in a consumer survey in The Economic Times. In Russia, Yum! partnered with Rostik's, the country's number one fast food chicken chain, and has converted about 130 into Rostik's/KFC co-branded restaurants. Yum! is also at the beginning of taking Taco Bell global and plans to make a serious investment behind launching Taco Bell internationally.
Outside the U.S. we’re also growing every day, to the tune of over 1,000 stores a year. That’s why we need customer maniacs from around the world to keep us moving ahead. We’ve already opened the first drive-thru restaurant in China, and with stores throughout Asia, Europe and Mexico, some of the most exciting opportunities at Yum! take place on the global stage.
Here are just a few of the countries where you'll find Yum! restaurants, and where your international career path may lead you:
- Great Britain
- France
- China
- Russia
Yum! Brands is committed to continuing the success realized during our first ten years. Our success has only just begun as we look forward to the future, one which promises a long runway for growth, especially on an international level.
Yum! is building a vibrant global business by focusing on four key growth strategies:
We maintain a consistent commitment to deliver at least 10% EPS growth annually.
With nearly 36,000 restaurants in more than 110 countries and territories, Yum! Brands international growth sees no signs of stopping as we continue to enter international markets, introducing people around the world to our winning brands.
What makes Yum! a great place to work? It’s our people. That’s why we invest in everyone’s capability so they can make the most of their career. With a diverse workforce and ongoing opportunities for personal and professional success, we’ve built a culture that rewards and recognizes great effort while providing a work/life balance that is so important to all of us.
For us, diversity is not a target - it's a way of life and a way of doing business. Everyone can and does make a difference in our organization. One of our HWWT2 principles - Believe in all People - underscores the importance of actively seeking diversity in others; believing everyone has the potential to make a difference; and coaching and supporting every individual to grow to their full capacity. This adds perspective and depth to everything we do. We've also found that a diverse team makes for better problem solvers, services all our customers more effectively, and creates a richer culture for all of us to enjoy.
In our company-owned operations in the U.S. for example, about 30 percent of our associates are Caucasian and the remaining 70 percent are Hispanic, African American and/or Asian. Minorities and women made up 64 percent of our external management hires and 41 percent of internal management hires (promotions) in 2007.
We are also increasing the representation of African Americans, Hispanics and women among our key talent/decision makers, and growing the pipeline of diversity in our mid-level manager ranks.
All of our brands have leadership initiatives focused on high-potential diversity talent, and all leaders serve as mentors. In addition, last year each of the brand presidents went into their communities to provide business-growth coaching for local networks of minority businesses.
Making progress in diversity is a business priority and the work of everyone in our system. This commitment is reflected in David Novak's annual goals, or "Blue Chips." We also have a dedicated Global Diversity and Inclusion Officer who guides our strategy and a number of initiatives that enhance our inclusive workplace.
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