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Yum! Brands has agreed to divest Pizza Hut for $2.7 billion, or ~8x operating profits.
The board also authorized a new $4B share repurchase program.
$YUM
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Coca-Cola Consolidated (the bottling company) has crushed Coca-Cola Corporation (the beverage company) over the last 5 years.
Total Return:
$COKE +372%
$KO +72%
TripAdvisor has entered into an agreement to sell TheFork to American Express for $700M.
The leading EU restaurant reservation platform has grown revenue by 15% annually since 2020.
$AXP +3.5% $TRIP +4.5%