On July 30, Yum rose 5.11% in pre-market trading to $160.0 per share, with turnover of $1.2509 million, following the release of its Q2 earnings report.

Yum! Brands reported Q2 adjusted earnings of $1.62 per diluted share, beating the analyst consensus estimate of $1.58 and representing a 12.5% increase from $1.44 a year earlier. Revenue came in at $2.17 billion, up from $1.93 billion year-over-year, narrowly missing the $2.18 billion estimate.

CEO Chris Turner acknowledged that the multi-state cyclospora outbreak linked to shredded iceberg lettuce caused a significant short-term sales impact on Taco Bell, with Placer.AI data showing daily traffic declines of 20-30% in recent weeks. However, Turner emphasized that consumers are increasingly recognizing this as an industry-wide issue rather than one unique to Taco Bell. The FDA previously confirmed that an earlier positive test on Taylor Farms lettuce was a false positive, and Taco Bell has completed removal of affected products from all locations nationwide.

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