Yum Brands Inc. said Tuesday it expects first-quarter same-store sales growth at Taco Bell to outpace its overall pace as it plans to grow the fast-food chain’s footprint. Yum Brands said it expects first-quarter same-store sales growth of 8% for Taco Bell.
KFC, formerly known as Kentucky Fried Chicken, is officially leaving the state it’s named after. The fast food chain’s parent company, Yum! Brands, announced on Tuesday that KFC will be moving its corporate headquarters to Texas. Specifically, the Dallas suburb of Plano, where KFC will join sister brand Pizza Hut’s offices.
What Happened: Wat's decision to sell 80,197 shares of Yum China Holdings was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $3,981,738.