Yum! Brands: Trends At Taco Bell And KFC Remain Encouraging
Summary
Like many restaurant stocks, shares of Yum! Brands haven't been the best performers recently, returning around 6% since ...
Like many restaurant stocks, shares of Yum! Brands haven't been the best performers recently, returning around 6% since my last piece in November. Same-store sales growth hasn't been too bad, driven by the continued strength of Taco Bell at home and KFC abroad. These shares continue to trade on a circa mid-20s multiple of consensus EPS. Given Yum's growth prospects and asset-light business model, today's buyer can still do OK from that.