Wall Street Lunch: Yum! Brands Serves Up Pizza Hut In $2.7B Deal

Yum! Brands is selling Pizza Hut for $2.7B as it shifts capital and focus to faster-growing remaining brands. Dave & Buster's missed Q1 expectations, but it reaffirmed its full-year outlook and is targeting more than $100M in free cash flow. The update is mixed overall: strategic simplification and cash generation offset by a near-term earnings miss.

Analysis

Yum! Brands is selling Pizza Hut for $2.7B as it shifts capital and focus to faster-growing remaining brands. Dave & Buster's missed Q1 expectations, but it reaffirmed its full-year outlook and is targeting more than $100M in free cash flow. The update is mixed overall: strategic simplification and cash generation offset by a near-term earnings miss.