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Yum! Brands, Inc. (YUM) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript
Yum! Brands, Inc. transitions to a leaner portfolio post-Pizza Hut sale, focusing on KFC, Taco Bell, and Habit Burger. Proceeds from the Pizza Hut sale (~$2.3B) will reduce revolver debt and fund significant share buybacks, supporting a mid-single-digit yield. Post-cyclosporiasis outbreak, Taco Bell's same-store sales dipped but are expected to recover, with management guiding Q3 margins to 19–21%.
Lower-income consumers have been pulling back on spending. But the impact on quick-service restaurant stocks hasn't been the same.
LOUISVILLE, Ky.--(BUSINESS WIRE)--YUM! BRANDS, INC. TO PARTICIPATE IN THE BARCLAYS ANNUAL GLOBAL CONSUMER CONFERENCE.
The fast-food industry is facing a severe reality check. Menu price hikes are pricing out the core lower-income demographic, causing a decline in foot traffic across the sector.
STAMFORD, Conn.--(BUSINESS WIRE)--LongRange Capital (“LongRange”), a private equity firm with a customer-centric and operationally oriented approach to building and growing businesses, today announced that it has completed its acquisition of Pizza Hut, excluding Mainland China (“Pizza Hut”), from Yum! Brands, Inc. (NYSE: YUM) (“Yum!”). Founded in 1958, Pizza Hut is a global restaurant leader with approximately $10 billion in system-wide sales. For nearly seven decades, the Pizza Hut brand has d.
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) (“Yum!” or the “Company”) today announced the completion of the sale of Pizza Hut, excluding Mainland China (“Pizza Hut Ex-China”), to LongRange Capital (“LongRange”) for approximately $1.5 billion, subject to certain adjustments, with the opportunity for Yum! to receive an additional earn-out of $75 million by 2030 based on future performance. Together with the previously announced sale of Pizza Hut in Mainland China (“Pizza Hut C.
Yum! Brands, Inc. (NYSE: YUM) Board of Directors declared a dividend of $0.75 per share of common stock. The quarterly cash dividend will be distributed Septemb