Yum Brands makes push to lighten assets

kfc taco bell yum

As part of a plan to cut costs and spur growth, Yum Brands aims to sell franchisees thousands of units by the end of 2018, a move the franchisor said will reduce its risk and trim its capital expenditures to $100 million in 2019, USA Today reports.

Those sales would make Yum Brands—which currently franchises 77% of its restaurants—at least 98% franchised.

“We’re going to deliver long-term sustainable results in every market we operate, by being more focused, by being more franchised ... and obviously more growth oriented,’’ Yum Brands CEO Greg Creed said during the company’s investors conference Tuesday, as quoted by USA Today.

Yum Brands reported mixed comps for its most recent fiscal quarter, as same-store sales grew at KFC and Taco Bell but slipped at Pizza Hut. Comps also fell in the company’s China segment, which is being spun off at the end of this month.

Read the full story via USA Today.

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