Yum! Brands reported better-than-expected Q1 earnings with adjusted EPS of $1.50, surpassing estimates of $1.38, and revenue of $2.06 billion. Taco Bell led the growth with 8% same-store sales increase in the US, boosted by value meals and new menu items. KFC expanded internationally with 648 new units, contributing to the company's global growth. Yum! Brands maintains its long-term targets of 5% unit growth, 7% system sales growth, and 8% core operating profit growth, signaling confidence in continued expansion.
Stocks of fast food chains like Sweetgreen, Chipotle, and Taco Bell fell due to investor worries over a cyclospora outbreak possibly linked to lettuce. Sweetgreen's shares dropped 5.6% on the day and have fallen over 24% in the last month, despite no...
Taco Bell, part of Yum Brands, is under investigation by federal and state health officials for a possible link to a parasite outbreak that has sickened over 3,000 people in Michigan and spread to other states. Some Taco Bell locations in Detroit hav...
Pizza Hut has introduced a limited-time Throwback Value Menu featuring iconic classics like Medium 1-Topping Stuffed Crust Pizza and new items such as Triple Cheese Mac and S'mores Sticks, with prices starting as low as $3. Alongside the menu, Pizza ...
