The Internal Revenue Service (IRS) is locked in a significant tax battle with Yum! Brands, which is contesting a $4 billion tax bill. Notwithstanding, multiple investors, including E. Ohman J or Asset Management AB and Procyon Advisors LLC are investing in the global fast food corporation. Goldman Sachs, in particular, has upgraded Yum! Brands' stock to Buy, citing expected robust growth and digital advancements. Meanwhile, the company is contemplating a move from Louisville with Texas being a probable destination. Its CEO, David Gibbs, is set to retire in 2026. On the innovative front, Yum! Brands is partnering with tech giant NVIDIA to expedite AI innovation across its restaurant locations with the range of applications covering automated drive-thru orders to staff management. This tech revamp includes the introduction of 'Byte by Yum!', an AI-driven restaurant technology platform. The company recently announced a decent quarterly dividend of $0.71 per share. Despite underwhelming Pizza Hut sales, Yum! Brands managed to exceed earnings expectations with strong sales performance from Taco Bell and KFC.
Yum! Brands YUM News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sat, 07 Jun 2025 10:00:40 GMT - Rating 7 - Innovation 9 - Information 8 - Rumor -5
