Yum! Brands is divesting Pizza Hut for $2.7 billion, selling its operations outside Mainland China to LongRange Capital and Pizza Hut China to Yum China. This move allows Yum! to concentrate on accelerating growth in its remaining brands like KFC and Taco Bell. Meanwhile, Dave & Buster's missed Q1 expectations but maintained its full-year outlook, SpaceX acquired AI firm Anysphere in a $60B stock deal, and Walmart launched a summer sales event to compete with Amazon's Prime Day, potentially shifting sales timing within Q2.
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 ...
