Financial Analysis - Yum! Brands and Darden Restaurant
Yum! Brands started out as Tricon Global Restaurants in 1997 as the result of a separation from PepsiCo, and became owners of the KFC, Pizza Hut and Taco Bell brand names worldwide. Yum! Brands is now a Fortune 500 company based out of Louisville, Kentucky and the world’s largest restaurant company in the world in terms of system restaurants. With over 37,000 restaurants in over 110 countries, Yum! Brands dominates four sectors of the quick-service food industry: Mexican with the Taco Bell name, chicken with the world famous Kentucky Fried Chicken brand, pizza with the Pizza Hut chain, and seafood with their Long John Silver’s restaurants. Yum! Brands also owns A&W Restaurants, the longest running franchise chain in the …show more content…
Since the opening of the first Red Lobster restaurant in 1968, Darden has grown to be the largest full-service restaurant company in the world. Through its subsidiaries, it now owns and operates over 1,800 restaurants, serving more than 400 million meals per year. The Darden family of restaurants now includes six distinct brands each with a different culinary inspiration: Red Lobster serves mid-priced seafood, the Olive Garden specializes on Italian, LongHorn Steakhouse is a Western-style steakhouse, The Capital Grille is a fine dining steak and seafood venue, Season’s 52 is a fresh grill and wine bar, and Bahama Breeze has a Caribbean twist to dining (Darden, Our Brands).
Darden currently operate 1,800 restaurants in the United States and Canada. In the United States, it operates in all states except Alaska. In Canada, Darden operates around 35 restaurants Red Lobster and Olive Garden restaurants. The company owns and operates all of its restaurants in the United States and Canada, except three restaurants, which are located in Central Florida and are owned by joint ventures managed by Darden (Darden, FAQs).
Darden’s major direct competitors include Brinks International, which operates the