Kathmere Capital Management holds a $379,000 stake in
Yum! Brands. The Company's Q1 performance has been a topic of discussion due to its underperformance compared to the
S&P 500 , despite breaking
digital sales records. The earnings were impacted negatively by disappointing sales at Pizza Hut and KFC, leading to a large increase in
short interest. Amid these challenges, Yum! Brands remains positive, fuelled by an ambitious drive towards
AI-first strategy for fast-food innovation. The Company's net income rose by 4.6% to $314m in Q1 2024. However, weak demand and impacts from the Middle East conflict have hindered growth, causing a drop in global same-store sales. Meanwhile, Joe Park has been promoted to
Chief Digital and Technology Officer and the dividend analysis of Yum Brands indicates a quarterly dividend of $0.67 per share, along with an announcement of up to $2.0 billion in share buybacks. The Yum Brands' CTO believes that AI will ease fast-food operations, laying a foundation for company-wide digital transformation.
Yum! Brands YUM News Analytics from Wed, 16 Aug 2023 07:00:00 GMT to Sun, 30 Jun 2024 09:34:52 GMT -
Rating -4
- Innovation 6
- Information 7
- Rumor 2
