Yum! Brands, Inc. (NYSE:YUM) has been met with variable performance in recent times. Although stakeholders such as
Franklin Resources Inc. have reduced their stakes, entities such as
Jump Financial LLC have acquired new holdings. Performance has been strained, notably by weak sales at Pizza Hut and KFC. Q1 earnings for this year showed a surge in digital sales, despite trying times. Yum! Brands is projected to expand the use of generative AI, double its tech spending, and transition fully to digital transactions. The company also plans to leverage cross-brand data during this 100% digital transformation. They have already started rolling out their proprietary technology, awarded promotions within the company and are now focusing on climate action and transparency. The company appears focused on further leveraging AI, with Joe Park promoted as the Chief Digital and Technology Officer, reinforcing themselves as a bonafide tech company. However, recent conflicts in the Middle East have impacted sales. Regardless,
KFC achieved a significant milestone, opening their 30,000th global restaurant.
Yum! Brands YUM News Analytics from Wed, 16 Aug 2023 07:00:00 GMT to Thu, 30 May 2024 12:04:38 GMT -
Rating 0
- Innovation 5
- Information 5
- Rumor -5
