• tacobellblake

Yum Brands’ stock tumbles as coronavirus and Pizza Hut’s weak sales expected to hit 2020 results

Article via CNBC

"Yum Brands on Thursday warned that its 2020 results could fall short of its long-term outlook as the Wuhan coronavirus outbreak weighs on sales in China and Pizza Hut struggles to turnaround its U.S. business.

Shares of the company slid more than 4% in morning trading.

“While Yum’s business model is highly diversified such that the impact on our financial performance will not be as significant as what many companies will experience, this will certainly be a headwind for 2020,” CEO David Gibbs told analysts."

Read the full article by Amelia Lucas here.

Continue the conversation on Reddit!



Welcome to the

Bottom of the page. You can scroll back up now.

Site visits:

Visit us on these social media sites:

  • Twitter Social Icon

I do not own any articles shared or pictures posted on this site. Original content on the NEWS page will say "by Living Mas" or "by tacobellBlake" 

Not affiliated with Taco Bell or Yum! Brands.