Recent movements in the bio-tech market have brought attention to
Yum! Brands Inc. Several
investment firms are adjusting their stakes in the company, including
Meyer Handelman Co. selling 700 shares,
Los Angeles Capital Management LLC decreasing its holdings, and
Creekmur Asset Management LLC creating a new position in the company.
Performance has been mixed, with the company underperforming on some days compared to competitors, yet outpacing them on others.
Q1 2024 earnings have been published, disclosing a
net income rise of 4.6% to $314m. Disappointing sales at Pizza Hut and KFC negatively affected earnings, causing a slide in the stock price. However, Yum! Brands has made notable strides in
technology advancements, doubling tech spending and promoting
Joe Park to Chief Digital and Technology Officer. The company is also widening the implementation of its generative AI use. It further proposed an
AI-First Fast-Food Restaurant Innovation strategy. A new educational program has been launched in partnership with the
University of Louisville and new investments have begun focusing on
kiosk technology.
Yum! Brands YUM News Analytics from Wed, 16 Aug 2023 07:00:00 GMT to Sun, 23 Jun 2024 12:11:01 GMT -
Rating -3
- Innovation 7
- Information 8
- Rumor -2
