Quick-service chain plans to ‘reinvent the taco,’ ‘unleash new products’ to strengthen sales
Even as Yum! Brands’ net income rose 7 percent in the third quarter to $383 million, the company said commodity and labor inflation around the world will continue to pressure margins. In response, the Louisville, Ky.-based Yum will focus on building its China division and turning around Taco Bell in the United States, chief executive David Novak said in a call discussing third-quarter earnings. In China — where Yum is on track to open 600 restaurants this year, and where the ...
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