Lates News

Revenue expectations for Yum! Brands Inc. have exceeded key industry data closely related to its sales. Analysts forecast a 9.5% year-on-year increase in revenue for the company's latest quarter. Meanwhile, nominal retail sales in the limited-service restaurant industry in the United States increased by 4% in the first two months of the quarter. Data compiled by Bloomberg shows a correlation of 0.6 between Yum! Brands' revenue and this index over the past six years. This monthly report may reflect the performance of companies classified by Bloomberg as belonging to the limited-service restaurant industry. All of Yum! Brands' revenue comes from this industry, with 57% of its sales coming from the U.S. market. Since the end of the first quarter on March 31, Yum! Brands' stock price has dropped by 7.6%. The company is scheduled to release its financial report on August 5th.