Yum Brands zoomed past the target price from our last report as the management witnessed an excellent second quarter. The company’s same-store sales grew by a record 23% while system sales grew by 26% surpassing Wall Street expectations. It is worth highlighting that Yum Brands' same-store sales are 4% above the 2019 levels despite the negative impact of nearly 700 of their stores being temporarily closed because of the COVID-19 by the end of Q2 2021. Their Q2 growth was driven by continued stro ....
26 Aug 2021
Yum! Brands, Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 8/21
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Yum! Brands, Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 8/21
- Published:
26 Aug 2021 -
Author:
Ishan Majumdar -
Pages:
14
Yum Brands zoomed past the target price from our last report as the management witnessed an excellent second quarter. The company’s same-store sales grew by a record 23% while system sales grew by 26% surpassing Wall Street expectations. It is worth highlighting that Yum Brands' same-store sales are 4% above the 2019 levels despite the negative impact of nearly 700 of their stores being temporarily closed because of the COVID-19 by the end of Q2 2021. Their Q2 growth was driven by continued stro ....