It had successfully transitioned to a pure franchise model and turned around the KFC business. Then, the coronavirus pandemic hit, and like all restaurant operators, Yum!
Brands was challenged to adapt with some drastic measures. The latest quarterly results show the company is on track to meet that challenge and possibly emerge from the COVID crisis as an even stronger company. Adjusting to a new reality of touchless service and delivery hasn't been easy, and customers have been skittish. When the company reported second-quarter results on July 30, it revealed sales declines for all three of its major brands.
Management attributed those declines to temporary store closures, which peaked in early April at about 11, restaurants. It has been steadily reopening locations for delivery and takeout, though most dining rooms remain closed. Brands turned in good second-quarter results considering the incredibly difficult circumstances restaurants have been dealing with during the COVID pandemic. By pivoting as quickly as it did, the company set the stage for a stronger comeback than many anticipated.
The brands and the Yum! In conjunction with that, its delivery service was ramped up. Over 34, of its restaurants offer delivery now, up from about 30, at this point last year. Developing stronger digital ordering technology would have been necessary even without COVID, but the crisis sped the effort up and customers are responding positively.
Brands is the world's largest quick service restaurant company in terms of the number of restaurants operated under its brands.
The company's chains serve customers in more than countries, and even with more than 50, locations worldwide, it has plenty of room to grow. The company spun off its China operations as an independent, publicly-traded company in The company continues to benefit from robust sales momentum in North America, the U.
The company is benefiting from expansion efforts. During the first, second, third and fourth quarter of , it opened , , and 1, gross new restaurants, respectively. In first and second-quarter , the company inaugurated and net new units, respectively. KFC opened net new units in second-quarter During fourth-quarter , the company opened restaurants in China, Russia, Thailand and Eastern Europe.
Further, master franchise agreements in Brazil Taco Bell , Spain Taco Bell , and Russia Pizza Hut , and the international growth alliance with Telepizza to accelerate the development of Pizza Hut in key European markets and consolidate franchisees in Latin America and the Caribbean are likely to drive growth. Brands is gaining from its partnership with Beyond Meat. The company is focusing on a plant-based menu.
In May , Yum! Moreover, in August , Yum! The consensus mark for earnings has moved up 4. Jack in the Box has a trailing four-quarter earnings surprise of Wendy's earnings for are expected to rise Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Zacks Investment Research.
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Taco Bell is strong in the US, and will expand internationally. Pizza Hut is the laggard in America where pizza is competitive; are closing some PH locations.
Prefers this to QSR. They own Yum! Brands in this space rather than McDonalds. One of the issues is that traffic into stores has been slowing in US locations. Arguably, growth with come in other emerging markets. Quick serve restaurant.
They are international and this is where sales growth is. The company is well positioned to grow globally. It is a great company, but for him it is too expensive at 5. She'd buy Yum! Stockchase rating for Yum! Brands is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock. In the last year, 4 stock analysts published opinions about YUM-N. The latest stock analyst recommendation is.
Read the latest stock experts' ratings for Yum! Brands was recommended as a Top Pick by on. Read the latest stock experts ratings for Yum! Earnings reports or recent company news can cause the stock price to drop.
Brands In the last year. It is a trending stock that is worth watching. Stockchase, in its reporting on what has been discussed by individuals on business television programs in particular Business News Network , neither recommends nor promotes any investment strategies.
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