Shares of Yum Brands (NYSE:YUM) moved higher by 0.7% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 41.46% year over year to $1.16, which beat the estimate of $0.95.
One of the biggest trends to watch in 2021 continues to be the reopening of the economy as it relates to the increased rate of COVID-19 vaccinations and the lifting of restrictions in areas across the U.S. and globally.
Restaurants Could Benefit: One industry that saw pressure during the pandemic and could benefit from the reopening trend are restaurants.
The fast-food industry spends $5 billion on advertising and is disproportionately targeting children in general and Black and Latino youth in particular, according to the Fast Food FACTS 2021 report published by the Rudd Center for Food Policy and Obesity at the University of Connecticut.