Yum! Brands Taco Bell trends encouraging, says Bernstein After attending the Analyst Day held by Yum Brands' Taco Bell, Bernstein reports that Taco Bell's breakfast initiative appears to be significantly increasing its sales, while the company seems to be at least breaking even on the initiative. The firm is upbeat on Taco Bell's digital media strategy and expects Yum to at least meet its 10% EPS growth model. Bernstein keeps an Outperform rating on Yum!.
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.