Huge dividends from KFC and Pizza Hut see owner triple profit

MASSIVE dividends from KFC and Pizza Hut have enabled their parent company, Yum! Brands, to more than triple its profit last year.

- JON ROBINSON

The European division of the group reported a pretax profit of $1.2bn (£892.7m) for 2024, a significant increase from the $317.1m (£235.8m) it posted for 2023. Yum! Restaurant Holdings, the holding company for the wider group's investments, does not generate a turnover.

In newly filed accounts with Companies House, Yum! Brands attributed its substantial profit primarily to a partial write back of its previous impairment loss in respect of Yum! Restaurants Europe.