Why Is Yum! Brands Stock Soaring Tuesday? - Yum Brands (NYSE:YUM)

Why Is Yum! Brands Stock Soaring Tuesday? - Yum Brands (NYSE:YUM)

Yum! Brands, Inc. (NYSE:YUM) shares rose on Tuesday after the fast-food giant topped third-quarter estimates and unveiled major strategic moves, including a review of its Pizza Hut business and U.S. expansion plans for Taco Bell. The company reported third-quarter adjusted earnings per share of $1.58, beating the analyst consensus estimate of $1.49. Quarterly sales of $1.979 billion outpaced the Street view of $1.970 billion. Also Read: Pfizer’s…

Yum Brands mulls Pizza Hut sale as Taco Bell drives third-quarter beat

There are about 19,872 Pizza Hut restaurants worldwide

Yum Brands exceeds third quarter expectations

The company achieved record digital sales of $10 billion during the period