Yum Brands

The American fast food brand Pizza Hut is undergoing a major transition, with many locations closing its doors. Owned by Yum! Brands, the company's operations are being sold for $2.7 billion in two structured deals. The U.S. business and global locations (excluding China) are slated to be acquired by LongRange Capital for roughly $1.5 billion.

Taco Bell is offering discounted lettuce-free menu items, including a $1 Mexican pizza, to recover from a cyclospora outbreak linked to Taylor Farms lettuce. The outbreak, traced to shredded iceberg lettuce from central Mexico, caused a decline in customer traffic and a drop in Yum! Brands' stock. Taco Bell has removed affected lettuce and used social media to communicate with customers.

Lettuce prices surged in early 2026 due to Arizona's hot weather, and a cyclospora outbreak linked to shredded lettuce at Taco Bell caused sales declines. Taco Bell removed the affected lettuce, leading to a temporary sales drop, while other chains like Chipotle and Sweetgreen also reported reduced traffic or spending.

Taco Bell's parent company reported a 2% sales decline due to a cyclospora outbreak linked to lettuce removal, but sales are recovering as customers understand the issue isn't specific to Taco Bell. The CDC initially linked the outbreak to Taylor Farms but later found it was a false positive.

A cyclospora outbreak linked to shredded iceberg lettuce has caused sales declines at Taco Bell and other restaurants. Yum Brands reported a 2% drop in U.S. same-store sales for Taco Bell during July-September 2026, while Chipotle and salad chains like Chopt and Sweetgreen also experienced reduced traffic and spending.

Taco Bell's same-store sales declined 2% in the July-September period due to a cyclospora outbreak linked to shredded lettuce, but sales have improved after the chain removed the lettuce and offered promotions like $1 Mexican Pizza. Yum Brands, Taco Bell's parent company, reported recovering sales and attributed the improvement to quick containment and transparent communication.

Lettuce prices and a cyclospora outbreak linked to shredded iceberg lettuce are impacting restaurants, with Yum Brands reporting a 2% decline in Taco Bell's same-store sales. The outbreak, traced to Taylor Farms' lettuce, led to recalls and temporary sales drops, though sales have partially recovered. Other chains like Chipotle and Sweetgreen also report reduced traffic or spending amid the crisis.

Yum Brands reported mixed results and did not provide an update on the cyclospora outbreak linked to Taco Bell restaurants. The company stated the outbreak's impact on its business remains unaddressed in its latest report.

Yum Brands reported adjusted earnings per share of $1.62, exceeding analysts' estimates. The results, however, predate the ongoing foodborne illness crisis affecting Taco Bell's sales, which the company did not address.

A cyclospora outbreak linked to Taco Bell is overshadowing Yum Brands' projected strong second-quarter earnings. Investors are shifting focus to updates about the outbreak rather than financial performance.

Anthropic and OpenAI are projected to generate combined annual revenue of $120 billion, surpassing the revenue of Starbucks and McDonald's. Anthropic alone could exceed $71 billion, outpacing both brands and nearly matching their combined revenue plus Yum Brands. The AI boom is driving rapid revenue growth for these companies, which were founded within the last five years.

Taco Bell is offering its Mexican Pizza for $1 on Tuesday, July 28, featuring beef, beans, cheese, tomatoes, and pizza sauce. The $1 deal aims to retain customers following a cyclosporiasis outbreak linked to lettuce at some locations, which caused a dip in sales and foot traffic.

Cracker Barrel's CEO Julie Masino is stepping down next month following a rebranding effort that caused customer backlash and declining sales. David Deno, former CEO of Bloomin' Brands, will replace Masino on August 10. The company reversed its logo change after protests but continues to face sales challenges, with same-store sales down 1.8% in the fiscal third quarter.

Cracker Barrel's CEO Julie Masino is stepping down next month after a rebranding effort led to customer backlash and declining sales. David Deno, former CEO of Bloomin' Brands, will replace Masino as CEO on August 10. The company's attempt to simplify its logo and modernize restaurants last August caused protests, sales to drop, and the changes were reversed, though sales continued to decline.

Cracker Barrel CEO Julie Masino is stepping down after a rebranding effort, including a simplified logo, led to customer backlash and declining sales. David Deno, former CEO of Bloomin' Brands, will replace Masino as CEO. The company reversed the logo changes but continues to face sales challenges, with a 1.8% drop in same-store sales in its fiscal third quarter.

Chili's has prioritized upgrading WiFi systems and handheld ordering devices over AI adoption, contributing to improved sales. Brinker International's CIO, Chris Caldwell, emphasized replacing outdated technology like robots with 23,000 iPads and enhanced software for faster service.

Taco Bell is offering $1 Enchiritos for a day to recover from a cyclosporiasis outbreak linked to shredded lettuce supplied by Taylor Farms, which caused illness in five Midwestern states. The promotion aims to address reduced foot traffic and reassure customers after the health scare.

Taylor Farms is voluntarily removing all iceberg lettuce sourced from central Mexico from the US market due to a cyclosporiasis outbreak. The company instructed customers like Taco Bell and Sysco to stop distributing shredded lettuce produced at a Guanajuato, Mexico facility, with Taco Bell confirming the affected ingredient would be replaced within 24 hours.

Taco Bell faces a challenge to its strong U.S. sales growth after a cyclosporiasis outbreak linked to shredded iceberg lettuce at restaurants in Michigan, Indiana, Ohio, Kentucky, and West Virginia affected over 1,600 people. The outbreak led to a 9% drop in Yum Brands shares, slower customer traffic, and concerns about long-term consumer confidence despite past recovery strategies.

Federal health officials are investigating shredded iceberg lettuce from a Mexican supplier as the source of a cyclosporiasis outbreak linked to Taco Bell restaurants, sickening over 1,600 people across five states. The FDA and CDC, along with state partners, are tracing contamination to a single supplier identified through traceback investigations, with Taco Bell halting use of the lettuce while the probe continues.

Yum Brands is considering selling Pizza Hut to a private equity firm. LongRange outbid competitors like Sycamore Partners for a potential deal expected to finalize in weeks.

KFC is testing a new prototype restaurant called Open House, featuring modern design, expanded menu options, and services like table service, drive-thru, and takeout. The brand is also introducing new sauces, menu items, and a refreshed Colonel Sanders image as part of its overhaul.

Pizza Hut, the largest casual dining operator in China, has been sold by US-based Yum! Brands to Shanghai-based Yum China for US$1.2 billion. The transaction aims to help global brands strengthen sales in China's competitive market through local partnerships.

Pizza Hut was sold by Yum Brands to private equity firm LongRange Capital for $1.5 billion, with Yum China acquiring mainland China locations for $1.2 billion. The chain has struggled against competitors like Domino’s, closing hundreds of locations in recent years.

Pizza Hut is being sold by Yum Brands for $2.7 billion, with LongRange Capital acquiring the non-China business and Yum China Holdings Inc. purchasing the mainland China operations. The sale follows declining sales, competition from delivery services like DoorDash and Uber Eats, and a shift away from large dine-in restaurants.

Yum! Brands sold Pizza Hut in a $2.7 billion deal to private equity firm LongRange Capital and Yum China Holdings. LongRange will acquire Pizza Hut outside mainland China for $1.5 billion, while Yum China will take the mainland China business for $1.2 billion. Yum! Brands will refocus on KFC, Taco Bell, and Habit Burger.

Yum! Brands is selling Pizza Hut for $2.7 billion after years of declining sales that negatively impacted its earnings. The transaction reflects efforts to address the underperformance of the pizza chain.

Yum! Brands will sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring non-China operations and Yum China purchasing Chinese operations. The sale follows years of stagnant US sales and marks the first change in Pizza Hut's ownership since 1977.

Pizza Hut, a 68-year-old chain struggling with competition and outdated restaurants, is being sold by Yum Brands to LongRange Capital for $2.7 billion, with the mainland China business excluded and the transaction valued at $1.5 billion. The sale reflects challenges from the rise of delivery culture.

Yum! Brands is selling Pizza Hut for $2.7 billion, with LongRange Capital acquiring most global operations and Yum China taking over the China business due to declining sales. Americans are increasingly using 401(k) savings for emergencies, weakening retirement security. A consulting firm retracted an AI-related report containing hallucinations and inaccurate claims about organizations.

Yum China will acquire Pizza Hut China for US$1.2 billion, gaining full control of the brand in mainland China and deepening its separation from Yum! Brands. The cash payment will be funded through existing reserves and debt, with the transaction expected to complete in the third quarter.

Yum Brands is selling Pizza Hut for $2.7 billion to divest its weakest brand. The transaction splits into two parts, with LongRange Capital acquiring most of the chain and Yum China obtaining its mainland China locations.

Pizza Hut's parent company Yum Brands sold the chain in two separate deals totaling $2.7 billion. LongRange Capital acquired most Pizza Hut locations for $1.5 billion, while Yum China purchased mainland China locations for $1.2 billion.

Yum Brands is selling Pizza Hut in a $2.7 billion deal to a private equity group. The company, which also owns KFC and Taco Bell, will offload the bulk of its stake in the fast-food chain.

Yum Brands is selling Pizza Hut for $2.7 billion, with LongRange Capital acquiring the U.S. and other regions for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China business for $1.2 billion. The sale follows declining sales and plans to close 250 U.S. restaurants due to outdated stores and competition.

Yum Brands is selling Pizza Hut, excluding its mainland China business, to LongRange Capital for $1.5 billion. The mainland China Pizza Hut will be acquired by Yum China Holdings Inc. for $1.2 billion.

Pizza Hut, a struggling restaurant chain owned by Yum Brands, is being sold for $2.7 billion. The sale includes $1.5 billion for the non-China business to LongRange Capital and $1.2 billion for the mainland China operations to Yum China Holdings Inc. The chain has faced declining sales, outdated stores, and competition.

Yum Brands is selling Pizza Hut for $2.7 billion, with LongRange Capital acquiring the non-China business for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China operations for $1.2 billion. The sale follows Pizza Hut's struggles with outdated stores and declining U.S. sales, including plans to close 250 U.S. restaurants.

Yum Brands is selling Pizza Hut, excluding its mainland China operations, to LongRange Capital for $1.5 billion and Yum China Holdings Inc. for $1.2 billion. The total transaction amounts to $2.7 billion.

Yum Brands will sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring the non-China business for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China operations for $1.2 billion. The sale follows Pizza Hut's struggles with outdated stores and competition, including plans to close 250 U.S. locations.