Taco Bell experienced a 31% drop in customer visits on July 17 due to a cyclospora parasite outbreak linked to lettuce, far worse than the initially reported 19%. This decline was about 16 times greater than the overall fast-food industry traffic drop. Yum! Brands, Taco Bell's parent company, saw its shares fall 10%, wiping out $4.3 billion in market value since the outbreak news surfaced. Over 1,600 cases have been linked to Taco Bell across five states, and the company faces ongoing scrutiny as the source of the outbreak remains under investigation. Yum! Brands is expected to report earnings on July 30 amid these challenges.
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...
Yum! Brands, owner of Taco Bell, faces share price pressure after Taco Bell was linked to a Cyclospora outbreak causing illness. This news disrupts the company's recent positive momentum driven by Taco Bell's revenue growth. Investors expect manageme...
