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Parent company

Yum! Brands

Public, NYSE: YUM

NYSE: YUM$160.88-0.2%close Nov. 9, 2026
KFC logo
Credit rating · Yum! BrandsBB+ High yield
S&P BB+Moody’s Ba2
AAAAAABBBBBBCCCD
Investment gradeHigh yield

S&P Global, as of Feb. 20, 2026 (Yum! Brands). Source: Yum! Brands Form 10-K, filed Feb. 20, 2026

OwnershipPublicNYSE: YUM
Brands on our list1KFC
Issuer ratingS&P BB+High yield

New Initiatives

How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.

  • KFC. KFC announced it would move its U.S. headquarters from Louisville, Kentucky to Plano, Texas.

    Source: CNBC

Yum! Brands is the parent of KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. It was spun off from PepsiCo in 1997 as Tricon Global Restaurants and took the Yum! Brands name in 2002. KFC's U.S. headquarters moved to Plano, Texas in 2025.

Sources: Yum! Brands; CNBC, Feb. 18, 2025.

Brands on our list

System unit count

63,000 as of Dec. 31, 2025
+3.3% 1-year change vs. prior fiscal year
  1. 43,5002016
  2. 45,0002017
  3. 48,0002018
  4. 50,0002019
  5. 50,0002020
  6. 53,0002021
  7. 55,0002022
  8. 58,0002023
  9. 61,0002024
  10. 63,0002025

Yum! Brands total, all brands; reported rounded. Counts as reported at each period end. Sources: YUM 10-K filed 2023-02-27; YUM 10-K filed 2024-02-20; YUM 10-K filed 2025-02-19; YUM 10-K filed 2026-02-20 and 6 earlier sources.

Credit ratings

AgencyRatingOutlookAs ofSource
S&P GlobalBB+Feb. 20, 2026 (Yum! Brands)Yum! Brands Form 10-K, filed Feb. 20, 2026
Moody’sBa2Feb. 20, 2026 (Yum! Brands)Yum! Brands Form 10-K, filed Feb. 20, 2026

What’s changing across the brands

  1. Expansion

    KFC. KFC announced it would move its U.S. headquarters from Louisville, Kentucky to Plano, Texas. Source: CNBC

Ownership history

  1. 1997

    Spun off from PepsiCo as Tricon Global Restaurants Source: Source

  2. 2002

    Renamed Yum! Brands Source: Source

  3. 2016

    Separates its China business as Yum China Source: Source

SEC Filings

Annual reports filed by Yum! Brands. All filings on EDGAR

PeriodFormFiledDocument
Fiscal year ended Dec. 31, 202510-KFeb. 20, 2026View on sec.gov
Fiscal year ended Dec. 31, 202410-KFeb. 19, 2025View on sec.gov
Fiscal year ended Dec. 31, 202310-KFeb. 20, 2024View on sec.gov
Fiscal year ended Dec. 31, 202210-KFeb. 27, 2023View on sec.gov
Latest quarter, period ended June 30, 202610-QAug. 5, 2026View on sec.gov

Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.