Jim C Metevier

Today we reported our Q1 results, and I’m pleased to report that Yum! Brands grew core operating profit 6% this quarter despite a challenging operating environment – demonstrating the resilience of our business. First-quarter unit growth was robust with over 800 new unit openings, leading to 6% unit growth and positioning us to surpass 60,000 restaurants this year. Digital sales continued an upward trajectory, approaching $8 billion, and were up 11% year-over-year. Through continued kiosk deployment, greater adoption of click-and-collect, and stable third-party aggregator sales, digital mix improved five points and for the first time ever represented over 50% of system sales in Q1. We now have $30 billion in annualized digital sales, which by itself would represent one of the largest restaurant companies in the world. I’m proud of our teams, world-class franchisees, globally iconic brands and distinctive digital capabilities. Our resilient business model coupled with our strategy to leverage our technology platforms on a global scale gives me confidence we will continue to improve both franchisee and Yum! economics. Looking ahead, our initiatives to become an even more nimble and data-driven organization are underway, and I’m excited for the shareholder value we will create. https://lnkd.in/e3PDH5_e #GoodGrowth #YumEarnings

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In recent years the beverage industry has witnessed a remarkable shift driven by the preferences of younger consumers. Two emerging trends, non-alcoholic spirits, and boba, have captured the attention of younger folks and are experiencing significant growth as a result. According to the article, one-third of consumers ages 18 to 24 abstain from alcohol altogether. This shift in drinking habits has paved the way for the emergence of non-alcoholic drinking options, providing consumers with sophisticated and flavorful alternatives to traditional alcoholic beverages. #DrinkingTrends #YoungConsumers #Boba #NonAlcoholicSpirits

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The pace of bankruptcies are picking up in the restaurant industry. We are seeing a lot of concern from California due in part to recent labor cost increases. It’s an imperative to develop new business models and plans ahead of sitting down with creditors. In many cases, effective turnaround plans can gain traction and confidence, but they require credibility and objectivity to convince other shareholders and stakeholders to come along. It’s essential to win not just their consent, but their renewed trust and enthusiasm for a new and inspired vision. #restaurants #bankruptcy #turnarounds

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You may order sauce on the side but it's still the main attraction. 🎡 Don't take it from me! Peep this Nation's Restaurant News article highlighting the QSR sauce BOOM 💥 → According to Innova Market Insights, 39% of consumers are most likely to try new flavors through sauces, seasonings toppings. → Technomic, Inc. reports that 34% of consumers consider what sauces are available before deciding on a place to eat. → And Datassential shows that more than half of consumers have purchased a new sauce or condiment from a restaurant in the past 3 months. In a foodservice climate starving for new traffic, sauce-centric LTOs featuring new exciting flavors on familiar menu items (e.g. 🍗 🍟 🍔 🌮) can be your most operationally friendly craveworthy solution. Something I know for sure: There is one midwesterner who will *always* drive through for a new ranch flavor extension. 🙋‍♀️ -- What's your go-to, gotta-have-it, will-go-out-of-your-way-for-it sauce? 👀👇

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Traditional full-service restaurants are facing a lot of pressure as fast-casual businesses eat up more of the broader restaurant market share across the country. It is important for those commentating on the market to understand the irreplacability of the customer experience. People are still dining out, but they are being more selective with their spending due to broader economic factors. Fast Casual, QSR, or Full Service, restaurants can't assume the guest dining experience is lessened because of the economy, as we have identified at Happy Joe's 🍕. If anything, service and the overall dining experience importance is heightened because of the economic impact on the dining guests. #RestaurantIndustry #FastCasual #Innovation

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