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Share Name | Share Symbol | Market | Type |
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Yum Brands Inc | NYSE:YUM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.495 | 0.37% | 135.825 | 136.61 | 134.765 | 135.50 | 1,005,259 | 18:01:18 |
LOUISVILLE, Ky., April 29, 2020 /PRNewswire/ -- Today, Kentucky Fried Chicken® announced it will provide $500,000 worth of groceries to team members across its more than 4,000 U.S. restaurants to celebrate its workforce who are continuing to keep America fed amidst the COVID-19 pandemic. KFC franchisees have joined forces to create a Grocery Assistance Fund through the KFC Foundation, which will provide $100 grocery gift cards to thousands of U.S. employees.
With kids home from school and college, many are feeling a pantry pinch during this time. KFC recently surveyed restaurant employees to learn more about how it could better assist restaurant-level team members during the crisis, and groceries for employees and their families consistenty ranked among the top responses as a preferred means of support.
KFC franchisees all over the country, many of whom are small, local business owners, have been working to support and celebrate their individual teams through bonuses, hourly pay increases, meals for their employees and their families, pay continuation for employees impacted by COVID-19, and a variety of other financial incentives.
Notably, KFC franchisees Dick West (West Quality Foods) and Todd and Justin Stewart (Stewart Restaurant Group), among others, granted a $2 per hour appreciation incentive to employees. Franchisee Brandon Robertson provided all team members with $20 Fill Ups, enough food to feed a family of four, to take home for their families, along with a coupon to share one with someone in need within their local community. Harman Management Corporation, KFC's oldest franchisee, provided a bonus to each of their 5,000 hourly employees, as well as their 560 restaurant general managers and above unit managers.
"Our team members are going above and beyond to keep America fed and spread goodwill throughout our communities, whether that's by donating thousands of meals to frontline healthcare workers or feeding children missing school meals," said Justin Stewart, board chair, KFC Foundation. "As a small thank you, and in addition to many individual franchisee efforts, we have come together as franchisee leaders to care for restaurant employees through the Grocery Assistance Fund."
The Grocery Assistance Fund is just another way KFC and its franchisees are working to support team members across the country. For this initiative, franchisees and employees in all U.S. restaurants can recommend co-workers in need to receive a grocery gift card from the KFC Foundation, in partnership with the YUM! Foundation. Team members can choose to recommend others for any reason.
In the wake of COVID-19, KFC has also made the following commitments to support its people, communities and franchisees:
For more information about KFC's efforts to support franchisees, employees and customers during the coronavirus pandemic, please visit www.kfc.com/coronavirus.
About KFC
KFC Corporation, based in Louisville, Ky., is the world's most popular chicken restaurant chain. KFC specializes in Original Recipe®, Extra Crispy™, Kentucky Grilled Chicken® and Extra Crispy™ Tenders, Hot Wings®, KFC Famous Bowls®, Pot Pies, freshly hand prepared chicken sandwiches, biscuits and homestyle side items. There are more than 23,000 KFC restaurants in 140 countries and territories around the world. KFC Corporation is a subsidiary of Yum! Brands, Inc., Louisville, Ky. (NYSE: YUM). For more information, visit www.kfc.com. Follow KFC on Facebook (www.facebook.com/kfc), Twitter (www.twitter.com/kfc) and Instagram (www.instagram.com/KFC).
View original content to download multimedia:http://www.prnewswire.com/news-releases/kfc-franchisees-to-provide-500-000-worth-of-groceries-to-kfc-restaurant-employees-across-the-country-301049081.html
SOURCE KFC
Copyright 2020 PR Newswire
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