Yum! Brands

Yum! Brands names Stephen B. Bratspies, former CEO of HanesBrands, as a member of its board of directors effective Aug. 26, 2026. Bratspies brings leadership experience from roles at HanesBrands, Walmart, PepsiCo and Specialty Brands and also serves on the boards of Target and Clorox. Yum! Brands operates more than 58,000 restaurants under the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill brands in 155 countries and territories. » More on de.investing.com

Yum Brands has completed the sale of Pizza Hut in mainland China to Yum China for $1.2 billion. The transaction is part of two previously agreed sales totaling $2.7 billion, subject to purchase price adjustments for the business outside mainland China. The separate sale of Pizza Hut operations outside mainland China to LongRange Capital is expected to close later this month, subject to customary closing conditions and regulatory approvals. » More on de.investing.com

Yum! Brands shares rose about 2.9% in the afternoon to $151.96, continuing their recovery from an outbreak-driven selloff. Investors reacted to a better-than-expected Q2 result (adjusted EPS $1.62) and optimistic management comments about a partial return of Taco Bell sales. JPMorgan reiterated its "Overweight" rating but cut its target from $170 to $160. The outbreak has spread to 15 states (Michigan alone reports over 12,000 cases), so a sustained recovery depends on developments at Taco Bell and the broader public health situation. » More on de.investing.com