December 24, 2014 8:00 PM ET

Hotels, Restaurants and Leisure

Company Overview of KFC Corporation

Company Overview

KFC Corporation, also known as Kentucky Fried Chicken, operates a chain of chicken restaurants in the United States and internationally. The company provides chicken, sandwiches, crispy chicken, bowls, desserts, sides, and drinks. It also offers sweet corn, mashed potatoes, kids meal, cole slaw, wedges and salads, buttermilk biscuits, and biscuits. The company also franchises its restaurants. KFC Corporation was founded in 1952 and is based in Louisville, Kentucky. It has outlets internationally. KFC Corporation operates as a subsidiary of Yum! Brands, Inc.

1441 Gardiner Lane

Louisville, KY 40213-1957

United States

Founded in 1952

Phone:

502-874-8300

Fax:

502-874-8790

Key Executives for KFC Corporation

Executive Vice President of Marketing & Food Innovation
Age: 50
Vice President of Marketing
Director of New Concepts
Marketing Director of New Concepts and Strategy
Compensation as of Fiscal Year 2014.

KFC Corporation Key Developments

KFC Announces Unaudited Financial Results for the Third Quarter and Nine Months Ended September 6, 2014; Provides Earnings Guidance for the Year of 2014

KFC announced unaudited financial results for the third quarter and nine months ended September 6, 2014. For the quarter, the company reported total revenues of $771 million against $704 million a year ago. Operating profit of $169 million against $147 million a year ago. For the nine months, the company reported total revenues of $2,189 million against $2,066 million a year ago. Operating profit of $487 million against $457 million a year ago. For the year of 2014, the company expects continued solid sales and profit growth at KFC division, outside of China, led by strong international performance and improving U.S. results.

KFC Announces 77 Restaurants are in Jeopardy Because of Real Estate Dispute

KFC Corp. is in a dispute with an affiliate of Black Equities Group. The company claims the disagreement is putting the restaurants "in jeopardy." In a lawsuit filed in U.S. District Court in Louisville, KFC asked for a restraining order preventing SBKFC Holdings from declaring KFC in default of a lease. KFC pays SBKFC Holdings rent of more than $9.3 million a year for the properties, which span 20 states, according to court documents. Louisville KFC locations covered by the lease include the restaurants at 5012 S. Third St. and 1911 W. Broadway.

KFC Plans to Expand New Restaurant

KFC announced that it plans to expand. In particular, its subsidiary Fast Foods AKK has opened a new KFC restaurant in Vilnius.

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