Yum! Brands Inc. (NYSE:YUM) Jolted In Japan

Categories: Food

Yum! Brands Inc. (NYSE:YUM) has seen closures of its restaurants in Japan after the earthquake.

Yum! Brands Inc. (NYSE:YUM) Jolted In Japan

Yum! Brands Inc. (NYSE:YUM), the parent company of Pizza Hut and KFC, announced that its 150 restaurants in Japan are remain closed after the earthquake and tsunami last week. The company is facing low-single-digit profit exposure in Japan.

Yum! Brands Inc. (NYSE:YUM) has about 1,530 units in Japan and had experienced strong growth in the past years. The Japanese units of Yum! Brands Inc. (NYSE:YUM) are operated by franchisees.

A spokeswoman for Yum! Brands Inc. (NYSE:YUM) said, “The franchisee is determining how quickly they’ll be able to reopen, things are fluid right now.”

Yum! Brands Inc. (NYSE:YUM) stocks were at 50.85 at the end of the last day’s trading. There’s been a 3.0% change in the stock price over the past 3 months.

Yum! Brands Inc. (NYSE:YUM) Jolted In Japan
Yum! Brands Inc. (NYSE:YUM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.08
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.08
Zack’s Rank: 9 out of 42 in the industry

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