Taco Bell Pulls Lettuce Nationwide After Supplier Linked to Outbreak
YUM is trading near its 52-week low of $137.33 (8.5% above the low).
Summary
Taco Bell has voluntarily removed lettuce from a supplier in select states and indefinitely pulled the ingredient from its supply chain nationwide after investigators linked Taylor Farms to a cyclosporiasis outbreak. The chain expects to replace the lettuce within 24 hours in affected states. This follows a Reuters report earlier today identifying the supplier and outbreak risk. The swift action may limit health impact but could disrupt operations and sales at one of Yum's key brands. Watch for any reported illnesses tied to Taco Bell or further supply chain fallout.
At the time of this announcement, YUM was trading at $149.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $41.9B. The 52-week trading range was $137.33 to $170.14. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.