Yum brands, which operates KFC Pizza Hut and Taco Bell reported first quarter earnings this morning. Yum Beat revenue and same store sales expectations, but missed on earnings due to quote declines in the value of unnamed investments. What were your big takeaways from Yum's quarter? I thought Yum did a fine job with the quarter. This is the time where a QSR operator with a lot of franchise revenues should be able to make hay.

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