Based in Louisville, Kentucky, it is one of the world's largest fast food restaurant companies in terms of system units—with 43,617 restaurants (including 2,859 that are company-owned and 40,758 that are franchised) around the world in over 135 countries and territories.
In the first quarter of 2015, Third Point Management and Corvex Management separately acquired an unspecified stake in the company. The sole KFC Eleven was closed in April 2015. A second Chix unit opened in May 2015 with additional menu items. Super Chix was sold to founder Nick Ouimet and an investment group in August 2015.
In 2017, Yum! announced plans to open 10 Pizza Hut restaurants in Ethiopia, after signing a franchise with the country's Belayab Foods and Franchise PLC.
