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 daily visits plunge, impacting the company's market value. Despite Taco Bell's efforts to regain trust through safety measures and promotions, analysts expect tougher conditions ahead, with lowered earnings forecasts for the second half of the year. The outbreak's long-term impact remains uncertain but is being closely watched by investors and industry experts.
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'...
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...
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 dro...
