Chicken baskets and beef tacos are fattening Yum! Brands' profits, but Pizza Hut is seeing slowing sales.
The fast food restaurant conglomerate posted a beat on EPS, but missed on revenue as it reported Wednesday morning before market open. Pizza Hut's sales miss brought down numbers, but KFC and Taco Bell continue to drive sales for Yum! Brands , and Taco Bell , both beating estimates. CEO David Gibbs called the two brands "twin growth engines...with KFC showing broad-based strength across both developed and emerging markets.
Pizza Hut was the disappointment, with sales up just 1% instead of the 2.16% expected, per Bloomberg consensus data. In the US, sales were flat, while international sales jumped by 1%. David E. Tarantino said Yum! Brands is "well positioned amid macro uncertainties" in a note to clients. Bill Gates' former assistant is the world's 5th-richest person — and he's close to overtaking the Microsoft cofounder
Brookfield Corp. and two other TSX stocks to consider buying on the way down. The post 3 Oversold Canadian Stocks for the Next 30 Years appeared first on The Motley Fool Canada.During a press conference on Tuesday, NDP leader Jagmeet Singh proposed taking the GST off of home heating to provide "relief for all Canadians" during the winter months. In addition, to tackle climate change, Singh suggested a windfall tax on oil and gas companies making "record profits.
Western companies exiting Russia must sell assets in rubles or else face delays and perhaps losses to transfer dollars or euros abroad. -Chip designer Advanced Micro Devices on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia in the artificial intelligence market, helping shares recover after a quarterly outlook missed expectations.
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