Across the bio-tech landscape, Yum! Brands (YUM) continues to make significant shifts. Wanda Williams, a Yum Brands veteran, has been named the chief operations officer of Nothing Bundt Cakes. Despite fluctuations in share prices, their Q1 2024 report reveals a digital sales surge amid broader challenges. The company is upscaling its use of AI technology for fast-food restaurant innovation, setting a new precedent in the industry.
Some remained concerned when TD Asset Management Inc. offloaded over 105,000 shares of Yum. However, Taco Bell and Pizza Hut's new tech chief asserts they're moving towards an 'AI-First' strategy, breaking digital sales record in Q1. Amid tepid Q1 results, optimism ensues from their tech initiatives, which also include doubling tech spend and expanding the use of generative AI.
Despite the pressure from price-conscious consumers and weak sales due to conflict in the Middle East, Taco Bell remains a bright spot in Yum's portfolio. KFC however, is enduring hardship with a surprise drop in global same-store sales. In contrast, Yum Brands sees the value in developing its people and aiming for gender parity, fostering equity, inclusion, and belonging in the workspace.
Yum! Brands YUM News Analytics from Fri, 12 Jan 2024 08:00:00 GMT to Thu, 05 Sep 2024 17:03:35 GMT - Rating 1 - Innovation 5 - Information 4 - Rumor 3
