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While much of KFC's early success came from the U.S., today the majority of its growth is in China.
After pandemic lockdowns in 2020 that shuttered many restaurants, followed by price increases throughout 2022 and 2023, Oppenheimer analysts on Friday said 2024 would be a year of “normalization” for the industry, with easing costs and lower prices on menus.
Yum Brands is on the largest players in the quick service restaurant market due to its strong and recognizable brands. I expect the company's low-cost menu and diversification to serve as a downside protection and enable for predictable cash flow. Despite industry and economic headwinds, YUM had a solid third quarter in my opinion.
Yum! Brands (YUM) focuses on building, testing and refining its proprietary technology platforms to drive growth. However, a challenging macro environment is a concern.
Yum! Brands' (YUM) KFC collaborates with EG Group to boost sales and market dominance in the U.K. and Ireland.
Yum Brands Inc.'s KFC division has agreed to acquire more than 200 KFC restaurants in the U.K. and Ireland from EG Group, the biggest franchisee in those countries. The deal “represents a significant opportunity to accelerate KFC's growth strategy in the large and growing UK and Ireland chicken market, with high average unit volumes and robust margins,” the companies said in a joint statement.
Yum Brands is a high-quality, investment-grade company that may be undervalued by up to 24%. The company has shown stable growth and outperformed the S&P 500 over the past 10 years. YUM stock is well-positioned in its segment and is expected to exceed long-term growth targets.
Yum! Brands (YUM) beat third-quarter estimates on EPS, but missed on revenue, reporting $1.71 billion compared to estimates of $1.77 billion. The company aggressively promoted discounts and deals across its franchises, most notably with Taco Bell which saw 8% year-over-year growth in same-store sales.
Taco Bell's deals aided a 2% to 3% increase in customer transactions at the brand in the quarter, Yum Brands CEO David Gibbs said.
YUM! Brands (YUM) third-quarter 2023 results benefit from robust same-store sales and unit growth.