Please ensure Javascript is enabled for purposes of website accessibility

Yum! Brands Issues $1,000 Bonuses to Restaurant Managers

By Demitri Kalogeropoulos - Updated Mar 31, 2020 at 1:39PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The fast-food giant is boosting support for employees impacted by the COVID-19 crisis.

On Monday, Yum! Brands (YUM 0.38%) announced new efforts aimed at supporting its employees during the COVID-19 containment efforts now gripping the U.S. economy.

The restaurant chain, which operates the Taco Bell, KFC, Pizza Hut, and The Habit Burger Grill franchises, is giving $1,000 bonuses to roughly 1,200 general managers at company-owned stores across those fast-food brands. The cash is meant to "acknowledge [their] efforts managing teams and maintaining business continuity during these challenging times," Yum! Brands explained in a press release.

Friends share a delivered pizza.

Image source: Getty Images.

The coronavirus pandemic is having a mixed but overall negative impact on the business today. On the bright side, delivery demand is spiking for Pizza Hut, just as it has for rival chains like Domino's. However, customer traffic is plummeting at Yum! Brands franchisee restaurants, many of which have temporarily closed or shifted to a drive-thru and delivery model in response to social distancing guidelines.

Today's payment move, in addition to new paid leave benefits for hourly employees affected by the coronavirus, is focused on helping those partners navigate significant operating challenges in the weeks to come while preparing for an eventual resumption of normal business.

"Restaurant general managers are critical to getting our company through the COVID-19 crisis," Yum! Brands said.

Editor's note: This story was updated March 31, 2020, with additional context.

Demitrios Kalogeropoulos has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Yum! Brands, Inc. Stock Quote
Yum! Brands, Inc.
YUM
$118.16 (0.38%) $0.45

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
400%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/13/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.