Yum! Brands' revenue expectations are more optimistic than industry sales data.
The revenue expectations for the Yum Brands restaurant group have exceeded key industry data that are closely related to its sales. Analysts expect the company's latest quarter revenue to increase by 9.5% year-on-year. In the first two months of the quarter, nominal retail sales of limited-service restaurants in the United States increased by 4%. Data compiled by Bloomberg shows that over the past six years, Yum Brands' revenue has a correlation of 0.6 with this index. This monthly report may reflect the performance of companies classified by Bloomberg within the limited-service restaurant industry. All of Yum Brands' revenue comes from this industry, with 57% of its sales coming from the US market. Since the end of the first quarter on March 31, Yum Brands' stock price has fallen by 7.6%. The company is scheduled to release its financial report on August 5th.
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