Yum! Brands China SSS fall slightly below expectations, says UBS UBS said Yum! China same store sales fell to 19% vs. its estimate of down 14% but continues to believe China sales have turned and declines will continue to moderate. Shares remain Buy rated with an $80 price target.
Yum! Brands authorizes up to $1B in share repurchases Yum! Brands board authorized the company to repurchase up to $1B in additional shares of common stock. The $1B in additional share repurchases of the company’s outstanding common stock is authorized through May 31, 2016.