Yum! Brands reported strong Q2 results with adjusted EPS of $1.62, beating estimates, and revenue growth of 12.2% to $2.17 billion. Taco Bell led growth with 7% same-store sales increase, helping offset challenges at Pizza Hut. RBC Capital raised Yum!'s price target to $170, suggesting a 10.45% upside from the current stock price. Despite some issues, Yum! Brands showed resilience with doubled profits and expanded global presence by opening over 1,000 new locations.
Taco Bell experienced a 2% drop in same-store sales in the U.S. following a cyclospora parasite outbreak linked to iceberg lettuce supplied by Taylor Farms. The outbreak caused consumer concern but is recognized as an industry-wide issue, not exclusi...
Yum Brands reported mixed second-quarter results with earnings per share of $1.62, slightly above expectations, and revenue of $2.17 billion, slightly below estimates. The results reflect the period before the cyclospora outbreak linked to Taco Bell'...
Yum Brands is set to report Q2 earnings amid a cyclosporiasis outbreak linked to iceberg lettuce at Taco Bell, causing a sharp drop in customer traffic and a 5% fall in Yum's shares. Taco Bell, a key growth driver for Yum alongside KFC, has seen dail...
KFC Canada has introduced Kwench, its first beverage brand, featuring 9 specialty drinks across four categories: Krunch Shakes, Sparkling Lemonades, Boba Refreshers, and Iced Lattes. This launch marks KFC Canada's largest brand expansion and follows ...
PFK Canada has introduced Kwench, a new beverage brand offering nine specialty drinks in four categories: Krunch Shakes, Sparkling Lemonades, Pearl Tea Refreshments, and Iced Lattes. This marks PFK's first major expansion beyond its core food offerin...
