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Stonegate Capital Partners initiates coverage on Yum! Brands

Yum! Brands logoYum! Brands
Sig2.20Sen+1.50Env0.00Soc-1.72Gov-0.73

Stonegate Capital Partners initiated coverage on Yum! Brands, highlighting improved system sales (+7%), units (+6%), and same-store sales (+4%) with Core Operating Profit up 8%. The update points to a post-Pizza Hut model focused on Taco Bell U.S. growth and KFC international development, while noting a July food-safety issue expected to pressure 3Q sales and margins.

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