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Stock impact report

Taco Bell parent Yum Brands global sales take a hit amid coronavirus [Yahoo! Finance News]

Yum! Brands, Inc. (YUM) 
Last yum! brands, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: yum.com/investors
Cyprus Halloumi Crunchwrap at the Taco Bell International Menu Tasting at Taco Bell Headquarters on December 9, 2019 in Irvine, California. Photo by Rachel Murray/Getty Images for Taco Bell)Yum Brands YUMHere were the main numbers forYum Brands first quarter“First-quarter results reflect two different realities. We began the year with momentum across many of our businesses, however as the quarter progressed we were heavily impacted by the unfortunate spread of COVID-19. Around the world, we took extraordinary measures to protect the health and safety of our employees, customers, franchisees and restaurant team members,” CEO David Gibbs said in a statement.On the company’s earnings conference call, management revealed that global same-store sales were flat in the first week of March and rapidly declined in the following week. With about 20% of stores closed at the time, global same-store sales plunged 30% across the second half of March and into April.“I’m tremendously proud of all tho Show less Read more
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