As it executes the transformation outlined last month, Yum! Brands will be in a strong position to maximize the potential of its three iconic KFC, Pizza Hut and Taco Bell brands around the world. Major features of Yum! Brands' transformation and growth strategy involve being more focused, franchised (at least 98% by fiscal year ending 2018) and efficient. In 2016, Yum! Brands optimized its capital structure, and going forward the Company expects to become capital light with improved cash flow and laser-like focus on its key strategies to drive same-store sales and new unit growth worldwide.