Yum! Brands is negotiating an exclusive deal to sell its Pizza Hut chain to LongRange Capital, with the sale valued between $3.6 billion and $4.3 billion. The proceeds from this sale could reduce Yum!'s long-term net debt from about $9.3 billion to $5.3 billion, lowering its leverage ratio and enabling more financial flexibility for mergers, buybacks, and dividends. After the sale, Yum!'s pro forma EBITDA is expected to be around $2.8 billion, supporting a price target of $173 per share. The analyst upgraded Yum! to a 'Buy' rating, highlighting the benefits of deleveraging, potential capital returns, and strong performance from its KFC and Taco Bell brands, while noting risks if the sale price is lower than expected or if the deal falls through.
KFC is partnering with the upcoming Supergirl film to launch a themed summer menu starting June 8, featuring the Supergirl Ultimate Meal and Combo Meal with new character-inspired sauces and the Kryptonian Kooler drink. The promotion includes limited...
Yum Brands is reportedly in exclusive discussions to sell its Pizza Hut chain to private equity firm LongRange Capital. This move comes as Pizza Hut faces a prolonged sales slump, with declining U.S. comparable sales for 10 straight quarters, contrib...
