Yum Caps Off 2017 Poised for System Acceleration and Delivery Capabilities Via GrubHub Partnership
Although Yum’s fourth-quarter update was uncharacteristically busy with the announcement of a partnership with GrubHub and one-time items expected to impact operating profit growth in 2018, we believe investors should walk away confident that the company’s longer-term cash flow growth story and wide moat remain intact.The highlight of the quarter is Yum's partnership with GrubHub, which will allow for online ordering for pickup and delivery at KFC and Taco Bell locations in the U.S. In addition...
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