YUM! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories. As of December 31, 2018, it had 22,621 KFC units; 18,431 Pizza Hut units; and 7,072 Taco Bell units in approximately 140 countries and territories. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to YUM! Brands, Inc. in May 2002. YUM! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.
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Having missed the experts’ estimate for earnings in the fourth quarter, Yum Brands announced on Thursday that its outlook for fiscal 2020 is expected to remain under pressure owing to the recent outbreak of Coronavirus in China that will hurt business in its one of the largest markets. The company also cited Pizza Hut’s failure to turnaro...
The 3,000 level in S&P 500 has long been dubbed the critical resistance that is to be sustainably broken for a strong, potentially long-term bullish pattern to be established in the market. The upward rally on Tuesday has tested the level, however, the breakout wasn’t sustainable with the market immediately falling back to the 2,995 l...