Yum shares fall as Pizza Hut and GrubHub face stiff competition
Pizza Hut is struggling to keep its market share and food delivery platform GrubHub also falls behind
06 February 2020 - 19:41
Bengaluru — Yum Brands shares fell 4.7% after it reported quarterly same-store sales and profit that missed analyst expectations on Thursday, as stiff competition took a bite out of sales at its Pizza Hut chain in the US.
CEO David Gibbs said on a conference call that the outbreak of a deadly coronavirus in China would also be a headwind in 2020...
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