Yum! Brands opening 2,300 restaurants a year globally

KFC kitchen

Yum! Brands, the owner of KFC and Pizza Hut, oversaw a staggering 2,365 restaurant openings globally in 2015, it has revealed.

The remarkable figure is equivalent to six stores new opening for business every day somewhere in the world.

CEO Greg Creed said there are no plans to take the foot off the accelerator – this year it has set a target of launching nearly 2,400 new restaurants. “New-unit development continues to be a bright spot for our company,” he said.

In terms of new global restaurants opened in the past 12 months, some 743 were in China, while 54 were in India. 80% of international development occurred in emerging markets.

KFC led the way with 715 openings, followed by Pizza Hut with 577. Yum! also owns the Taco Bell brand.

Creed said the recent growth drive has laid down the groundwork for future growth at the £7.5-billion-a-year restaurant giant.

“With all of this in mind, we are reiterating the guidance we initially gave in December. Given the results we have seen year-to-date and the plans we have laid out for each of the brands, we’re confident in our ability to deliver 10% operating profit growth in constant currency in2016.”

He added: “We are 100% dedicated to building and strengthening KFC, Pizza Hut and Taco Bell all around the world, as strong brands are critical to delivering sustained growth and creating shareholder value over the long term.”

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