Trending this week: Yum announces Q4 earnings, Taco Bell exec
This week, David Gibbs spoke on his first earnings call as the CEO of Yum brands. He outlined the company’s path forward amidst a fourth quarter where KFC and Taco Bell’s numbers increased, and Pizza Hut closed over 300 units. Read more about fourth quarter earnings for this restaurant brand.
Yum also announced internal executive changes, moving a KFC vet into the Taco Bell brand as the global brand chief. This is a move that Taco Bell’s CEO hopes will make the brand a “global powerhouse”.
Additionally, New York City held a hearing on ghost kitchens last week, bringing attention to the issue of regulation. The burgeoning industry in the restaurant sector has an alarming lack of regulation, especially when it comes to health code violations. Learn more about what lawmakers in New York had concerns about and what two ghost kitchen CEOs had to say for their industry.
Find out what else was trending in this week’s news.