{"id":15808,"date":"2023-09-22T23:56:00","date_gmt":"2023-09-22T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=15808"},"modified":"2025-11-05T15:23:28","modified_gmt":"2025-11-05T07:23:28","slug":"how-yum-make-money","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/","title":{"rendered":"How does ubiquitous Yum! Brands make money?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Introduction\" >Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Company_Profile\" >Company Profile<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#The_origin_of_Yum_Brands\" >The origin of Yum! Brands<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#KFC\" >KFC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Pizza_Hut\" >Pizza Hut<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Taco_bell\" >Taco bell<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Spin-off_from_PepsiCo\" >Spin-off from PepsiCo<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Brands_owned_by_Yum\" >Brands owned by Yum!<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Operation_and_Market_Performance\" >Operation and Market Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#The_worlds_largest_fast_food_restaurant_group\" >The world&#8217;s largest fast food restaurant group<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Main_brand_revenue\" >Main brand revenue<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Financial_and_share_price_performance\" >Financial and share price performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Main_financial_figures\" >Main financial figures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Stock_price_valuation\" >Stock price valuation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Yum_in_Greater_China\" >Yum! in Greater China<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Yum_Taiwan\" >Yum! Taiwan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Yum_China\" >Yum! China<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Spin-off_and_listed\" >Spin-off and listed<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_Profile\"><\/span>Company Profile<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Yum!_Brands\" target=\"_blank\" rel=\"noreferrer noopener\">Yum! Brands<\/a> is the world&#8217;s largest fast-food catering group, which owns many famous catering chain brands such as KFC, Pizza Hut, and Taco Bell.<\/p>\n\n\n\n<p>In March 2002, Yum! announced the acquisition of two brands under Yorkshire Global Restaurants: A&amp;W Restaurants and Long John Silver&#8217;s. At the same time, the company officially changed its name to Yum! Brands (ticker: YUM).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_origin_of_Yum_Brands\"><\/span>The origin of Yum! Brands<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since the Yum! Group is too large, we will take the top three brands in the group as examples to explain the origin of these brands.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"KFC\"><\/span>KFC<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In the 1930s, Harland Sanders ran a gas station in Kentucky and sold fried chicken made with his own unique recipe. Unexpectedly, fried chicken became very popular. In 1950, Sandoz began to operate under license in the United States, and KFC franchise stores also began to increase, reaching 600 in the United States in 1963. Too rapid expansion crushed an aging Sanders. In 1964, a group of investors led by John Brown and Jack Macy bought KFC for $2 million. In 1965, the company entered a period of rapid development. In 1969, KFC was successfully listed.<\/p>\n\n\n\n<p>In the early 1970s, KFC was sold to Heublein, which was taken over by the RJ Reynolds (ticker: RAI) food and tobacco group; the chain was eventually sold to PepsiCo (ticker: PEP). It then continued to expand overseas and became the first western restaurant chain to open in China in 1987.<\/p>\n\n\n\n<p>As of 2021, KFC operates 26,934 restaurants around the world.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pizza_Hut\"><\/span>Pizza Hut<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In 1958, Frank Carney, a 19-year-old student at Wichita State University, and his 26-year-old brother Dan Carney borrowed $600 from their mother to start a pizza business. PepsiCo bought Pizza Hut for $300 million in 1977. Carney died of pneumonia in 2020.<\/p>\n\n\n\n<p>As of 2021, Pizza Hut operates 18,381 restaurants worldwide, making it the world&#8217;s largest pizza chain by number of locations.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Taco_bell\"><\/span>Taco bell<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Taco Bell was founded in 1962 by Glen Bell. Serving a variety of Mexican-inspired food including tacos, burritos, quesadillas, nachos, novelties and specialty items. As of 2021, Taco Bell serves more than 2 billion customers annually at 7,791 restaurants, more than 93% of which are sold through franchisees.<\/p>\n\n\n\n<p>PepsiCo bought Taco Bell in 1978 and then spun off its restaurant division into Tricon Global Restaurants.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Spin-off_from_PepsiCo\"><\/span>Spin-off from PepsiCo<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Tricon Global Restaurant, Inc., the predecessor of Yum!, was separated from PepsiCo on October 7, 1997 and became an independent public listed company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Brands_owned_by_Yum\"><\/span>Brands owned by Yum!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yum Brands has a series of well-known restaurant subsidiary brands, the following are some of the most important and famous brands:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>KFC (Global)<\/li>\n\n\n\n<li>Pizza Hut (Global)<\/li>\n\n\n\n<li>Taco Bell<\/li>\n\n\n\n<li>WingStreet (US, Canada, Germany and Cyprus)<\/li>\n\n\n\n<li>Banh Shop<\/li>\n\n\n\n<li>The Habit Burger Grill<\/li>\n\n\n\n<li>East Dawning (China)<\/li>\n\n\n\n<li>Little Sheep (Mainland China, Hong Kong, Macau, United States, Japan, Canada, Southeast Asia, South Korea and the United Arab Emirates)<\/li>\n\n\n\n<li>Wing Works<\/li>\n\n\n\n<li>Pasta Bravo<\/li>\n\n\n\n<li>China Wok (Latin America)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Operation_and_Market_Performance\"><\/span>Operation and Market Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_worlds_largest_fast_food_restaurant_group\"><\/span>The world&#8217;s largest fast food restaurant group<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>According to the official information on the company&#8217;s website, Yum! Brands currently franchises or operates more than 53,424 restaurants in 155 countries and regions around the world, with a total of 1,500 world-class franchisees and 1.5 million employees. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Main_brand_revenue\"><\/span>Main brand revenue<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 2021, the overview of the proportion of each revenue sub-item is as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Brand<\/td><td>Stores\/Units<\/td><td>International store ratio<\/td><td>Countries<\/td><td>Franchise Ratio<\/td><td>Revenue (US$ million)<\/td><\/tr><tr><td>KFC<\/td><td>26,934<\/td><td>85%<\/td><td>149<\/td><td>99%<\/td><td>31,365<\/td><\/tr><tr><td>Taco Bell<\/td><td>7,791<\/td><td>10%<\/td><td>32<\/td><td>94%<\/td><td>13,280<\/td><\/tr><tr><td>Pizza Hut<\/td><td>18,381<\/td><td>64%<\/td><td>111<\/td><td>99%<\/td><td>12,955<\/td><\/tr><tr><td>The Habit Burger Grill<\/td><td>318<\/td><td>3%<\/td><td>3<\/td><td>13%<\/td><td>588<\/td><\/tr><tr><td>Yum! Brands<\/td><td>53,424<\/td><td>67%<\/td><td>157<\/td><td>98%<\/td><td>58,188<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_and_share_price_performance\"><\/span>Financial and share price performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Main_financial_figures\"><\/span>Main financial figures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>11\/23\/2022<\/td><td>Domino&#8217;s <\/td><td>Yum (Pizza Hut)<\/td><td>Starbucks<\/td><td>McDonald&#8217;s<\/td><\/tr><tr><td>Revenue (US$)<\/td><td>4,357.4 +5.83%<\/td><td>6,5484 +16.49%<\/td><td>29,060.6 \uff0b23.6\uff05<\/td><td>23,222.9 +20.9%<\/td><\/tr><tr><td>Gross margin<\/td><td>27.74%<\/td><td>48.08%<\/td><td>32.47%<\/td><td>54.17%<\/td><\/tr><tr><td>Operating margin<\/td><td>17.91%<\/td><td>32.46%<\/td><td>16.18%<\/td><td>42.51%<\/td><\/tr><tr><td>Net margin<\/td><td>11.72%<\/td><td>23.92%<\/td><td>14.45%<\/td><td>32.49%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stock_price_valuation\"><\/span>Stock price valuation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>11\/23\/2022<\/td><td>Domino&#8217;s <\/td><td>Yum (Pizza Hut)<\/td><td>Starbucks<\/td><td>McDonald&#8217;s<\/td><\/tr><tr><td>Market value (US$ billion)<\/td><td>13.45<\/td><td>35.31<\/td><td>86.7<\/td><td>182.42<\/td><\/tr><tr><td>Share price<\/td><td>379.71<\/td><td>125.35<\/td><td>75.37<\/td><td>246.64<\/td><\/tr><tr><td>P\/E<\/td><td>30.64<\/td><td>28.56<\/td><td>20.33<\/td><td>26.06<\/td><\/tr><tr><td>P\/S<\/td><td>3.05<\/td><td>5.44<\/td><td>2.93<\/td><td>7.83<\/td><\/tr><tr><td>Dividend yield<\/td><td>1.15%<\/td><td>1.825<\/td><td>2.6%<\/td><td>2.24%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yum_in_Greater_China\"><\/span>Yum! in Greater China<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yum_Taiwan\"><\/span>Yum! Taiwan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On December 7, 2009, KFC&#8217;s operating rights in Taiwan were sold to Hong Kong&#8217;s Jardine Group.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yum_China\"><\/span>Yum! China<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On November 7, 2011, Yum! acquired China&#8217;s Little Sheep (\u5c0f\u80a5\u7f8a). In the Chinese market, the company owns the exclusive operation and authorization rights of KFC, Pizza Hut and Taco Bell, and fully owns the chain restaurants of Dongfang Dingbai (\u6771\u65b9\u65e2\u767d) and Little Sheep, with a total of more than 7,300 stores and more than 400,000 employees.<\/p>\n\n\n\n<p>According to the revenue scale in 2021, Domino&#8217;s China is the third largest pizza company in China, second only to Pizza Hut under Yum! China and the local brand Zumbo Pizza.<\/p>\n\n\n\n<p>Yum!&#8217;s financial report shows that China&#8217;s business accounts for more than half of the group&#8217;s global business. In 2015, Yum China&#8217;s turnover exceeded RMB 50 billion, and the Chinese market has always been the main growth engine for Yum! <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Spin-off_and_listed\"><\/span>Spin-off and listed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 2016, Yum! split its mainland China business (ticker: YUMC) and listed in US. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"81\" height=\"68\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2022\/11\/y.jpg\" alt=\"Yum\" class=\"wp-image-15811\"\/><figcaption class=\"wp-element-caption\">credit: Yum<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/03\/24\/darden-restaurants\/\">How recession resilient Darden Restaurants make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/22\/how-yum-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does ubiquitous Yum! Brands make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/11\/04\/ticker-symbol-changed\/\">Ticker symbol changed companies&#8217; stock performance?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/06\/30\/cavas-keep-soar\/\">Why did the Mediterranean-style restaurant chain Cava\u2019s keep soaring after its listing? Pros, Cons and Risks of Investing in Cava<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/15\/wingstops-astonishing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Wingstop&#8217;s astonishing growth is unprecedented in the restaurant industry<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/26\/how-mcdonalds-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does McDonald&#8217;s, the world&#8217;s largest fast food leader, make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/10\/chipotle-mexican-grill\/\" target=\"_blank\" rel=\"noreferrer noopener\">Chipotle Mexican Grill, a new generation of fast-casual food that performed surprisingly well<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/01\/12\/how-does-dominos-make-money\/\">How does Domino&#8217;s make money? its stock reward beat down Alphabet<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/06\/11\/starbucks-predicament\/\">How does Starbucks make money? and the current predicament<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/16\/civilian-production\/\" target=\"_blank\" rel=\"noreferrer noopener\">Discover the possibility of super growth stocks in the civilian production industry<\/a>&#8221; <\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/02\/coca-cola-has-been-inferior-to-pepsi-in-and-even-return-rate-is-negative-in-past-10-years\/\" target=\"_blank\" rel=\"noreferrer noopener\">Coca-Cola has been inferior to Pepsi in and even return rate is negative in past 10 years!<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/06\/22\/pros-and-cons-of-coca-cola\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pros and cons of investing in Coca-Cola<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/05\/11\/monster-beverages-monster-level-stock-returns\/\">Monster Beverage&#8217;s monster level stock returns<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Yum! Brands is the world&#8217;s largest fast-food catering group<\/p>\n","protected":false},"author":1,"featured_media":15811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1251,420,716,28],"tags":[915,592,356,916,183,598,599],"class_list":["post-15808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-restaurant","category-founders","category-spinoff","category-us-stock-market","tag-dpz","tag-mcd","tag-pep","tag-rai","tag-sbux","tag-yum","tag-yumc"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/15808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=15808"}],"version-history":[{"count":30,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/15808\/revisions"}],"predecessor-version":[{"id":39791,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/15808\/revisions\/39791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/15811"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=15808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=15808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=15808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}