U.S. authorities have linked the lettuce to a parasitic outbreak that has sickened more than 1,600 people in the U.S.
Taco Bell will likely recover soon from its cyclosporiasis scare based on how prior safety incidents played out, according to analysts. The CDC traced the source of the outbreak to shredded iceberg lettuce used in Taco Bell locations in five states.
US health officials have identified shredded iceberg lettuce supplied by Taylor Farms to Taco Bell restaurants in five states as the likely source of a multistate cyclospora outbreak that has sickened thousands of people. The US Centers for Disease Control and Prevention (CDC) on Thursday advised consumers not to eat shredded iceberg lettuce served at Taco Bell locations in Indiana, Kentucky, Michigan, Ohio and West Virginia while the investigation continues.
Yum! Brands is selling its Pizza Hut business in two transactions totaling $2.7 billion. The deal allows Yum!
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YUM is selling Pizza Hut in a $2.7B deal, aiming to streamline operations, boost flexibility and return more capital to shareholders.
“They struggled to figure out what the next big thing was,” an analyst says in the wake of a recently announced private-equity buyout.
Yum! Brands Inc (NYSE:YUM) announced on Tuesday that it has entered into definitive agreements to sell Pizza Hut for a combined value of approximately $2.7 billion, as the restaurant operator sharpens its focus on its remaining brands, which include KFC and Taco Bell, and capital allocation priorities.
Yum! Brands, Inc. (YUM) Presents at NYSE 2026 European Investor Conference Transcript
Yum Brands agreed to sell Pizza Hut in a $2.7 billion transaction and approved a new $4 billion buyback authorization while prioritizing KFC and Taco Bell
Yum Brands said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, at a time when the unit struggles to keep pace with rivals in an increasingly competitive fast-food market and amid cautious consumer spending.
Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain. Rival Domino's Pizza has gobbled up market share from Pizza Hut for years.