News

The revenue expectations for Yum! Brands Inc. have exceeded key industry data closely related to its sales. Analysts expect the company's revenue for the latest quarter to grow by 9.5% year-on-year. In the first two months of that quarter, nominal retail sales at U.S. limited-service restaurants increased by 4%. Data compiled by Bloomberg shows that over the past six years, Yum! Brands' revenue has a correlation of 0.6 with this index. This monthly report may reflect the performance of companies classified by Bloomberg within the limited-service restaurant industry. All of Yum! Brands' revenue comes from this industry, with 57% of its sales coming from the U.S. market. Since the end of the first quarter on March 31, Yum! Brands' stock price has fallen by 7.6%. The company is scheduled to release its financial report on August 5