Yum Brands reported a surprise fall in worldwide same-store sales on Tuesday as its KFC chain grapples with sluggish demand in the U.S., as well as choppy international sales.
Brands (YUM) to $140 from $143 and keeps a Hold rating on the shares. The company’s Q3 results were “mixed”, with comparable sales down 4% for KFC – well below Loop’s forecast for 2% growth – ...
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