Yum! Brands Gets a Lift From Opening 1,000 New Stores
Investors had modest expectations heading into Yum! Brands' (NYSE: YUM) fiscal fourth-quarter report due to the mixed results they've seen lately. While the fast-food chain has been aggressively expanding its global store base, sales growth at existing locations has been sluggish. Yum! has also been struggling with declines at its Pizza Hut division even as Taco Bell and KFC improve.
On Thursday, the company announced no major changes to that big-picture sales profile as it enters fiscal 2020 and aims to speed up growth over the next few years. Let's take a closer look at the results.
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Source Fool.com
