LOUISVILLE, Ky.--(BUSINESS WIRE)--
The Economic Times' (India) Brand Equity Most Trusted Brands 2009
annual survey has named Pizza Hut the "Most Trusted Food Service Brand"
in India for the fifth year, ahead of all other Indian and global
brands. Pizza Hut is also the only restaurant company to place in the
Top 20 Service Brands list. Pizza Hut India is part of Yum! Restaurants
International (YRI), a division of Yum! Brands, Inc. (NYSE: YUM), the
world's largest restaurant company in terms of system units.
"Congratulations to our entire team in India," said Graham Allan,
president, Yum! Restaurants International. "I salute our employees and
franchisees for their hard work, their passion and their
professionalism, all of which have been instrumental in making Pizza Hut
the most trusted food service brand for the past five years. India is an
important emerging market for us. Both Pizza Hut and KFC are proving
very popular with consumers and we have high hopes for Taco Bell as
well. We continue to make significant investments in India as part of
our plan to capitalize on this large and rapidly growing market of more
than 1 billion people," added Allan.
The Brand Equity Most Trusted Brands survey, which appears in The
Economic Times' June 17 edition, ranks the brands that have earned
the trust and loyalty of consumers across India. The survey, conducted
by ACNielsen's ORG-MARG market research company, asked more than 8,000
participants, across different socio-economic, age, income and
geographic backgrounds, various questions in order to determine each
company's overall trust score about the brands that consumers believe
provide quality, consistency and reassurance.
"We are honored to be named the most trusted food service brand in India
for the fifth year," said Niren Chaudhary, managing director, Yum!
Restaurants International India. "The recognition reflects Pizza Hut's
leading reputation in India and consumers' enthusiasm for the Brand and
demonstrates how we have successfully developed a strong infrastructure,
highly skilled workforce and an innovative, localized menu. This honor
also recognizes the hard work of our passionate franchisees and Customer
Maniacs in our restaurants who help provide outstanding service to our
customers daily."
Over the past 11 years, Yum! has become the largest and fastest growing
restaurant company in India. As of the first quarter 2009 earnings, the
Company had 156 Pizza Huts in 35 cities and 45 KFCs in 11 cities. YRI,
based in Dallas, Texas, is the largest division of Yum! Brands with more
than 12,800 restaurants outside the U.S. (excluding Yum! China
Division). One of Yum! Brands' four key business strategies is to drive
aggressive international expansion and build strong brands everywhere.
In 2008, operating profit for YRI was $528 million. In each of the last
nine years, YRI has opened more than 700 new restaurants outside the
U.S. and China.
Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest
restaurant company in terms of system restaurants, with more than 36,000
restaurants in over 110 countries and territories. The company is ranked
#239 on the Fortune 500 List, with revenues in excess of $11 billion in
2008. Four of the company's restaurant brands - KFC, Pizza Hut, Taco
Bell and Long John Silver's - are the global leaders of the chicken,
pizza, Mexican-style food and quick-service seafood categories,
respectively. Outside the United States, the Yum! Brands system opened
more than four new restaurants each day of the year, making it the
largest retail developer in the world. The company has consistently been
recognized for its reward and recognition culture, diversity leadership,
community giving, and consistent shareholder returns. For the second
year, the company launched the world's largest private sector hunger
relief effort in partnership with the United Nations World Food
Programme and other hunger relief agencies. To date, this effort is
helping to save approximately 4 million people in remote corners of the
world, where hunger is most prevalent.
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Source: Yum! Brands, Inc.
Contact: Yum! Brands, Inc.
Virginia Ferguson, 502-874-8200