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Tag: buyback

Yum Brands suspends $2 billion buyback program amid coronavirus crisis

Yum Brands CEO David Gibbs said Wednesday the company’s decision to suspend its $2 billion share buyback program allows it to better support employees and franchisees during the COVID-19 pandemic.  “We can do things like we just did in the United States, which is provide a grace period for our franchisees on their royalties or suspend capital investments for …

Yum Brands suspends $2 billion buyback program amid coronavirus crisisRead More

McDonald’s suspended its $15 billion buyback program several weeks ago

McDonald’s CEO Chris Kempczinski said Friday that the company suspended its buyback program several weeks ago. “Really, for us, we just wanted to maintain maximum flexibility as we went into this crisis and be as nimble as we needed to,” Kempczinski told CNBC’s Carl Quintanilla on “Closing Bell.”  In 2019, the fast-food giant spent $5 …

McDonald’s suspended its $15 billion buyback program several weeks agoRead More