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Yum sales climb as Taco bell leads charge

Bloomberg Yum! Brands Inc’s latest quarterly sales climbed more than expected, propelled by strength at Taco Bell and KFC, its strongest divisions. Even laggard Pizza Hut showed some new signs of life. Comparable sales at Yum rose 5 percent last quarter, up from 1 percent in the year-ago period. That topped the 3.1 percent average estimate from Consensus Metrix. Taco ...

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New York’s Bunge soars on its investment in Beyond Meat

Bloomberg Bunge Ltd earnings surged in the second quarter as an investment in Beyond Meat Inc helped cushion the 201-year-old firm from a tough environment for agribusiness. Shares rose. Nearly half of Bunge’s better-than-expected earnings came from its investment arm’s stake in the faux-meat company. Beyond Meat has soared 680 percent since its May initial public offering as part of ...

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Canada’s e-commerce juggernaut surges to record

Bloomberg Shopify shares notched another record after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million, according to a company statement. Analysts were projecting $350.5 million. Shopify raised its 2019 revenue guidance to a range of $1.51 billion to $1.53 billion but kept ...

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