Yum brands expects covid-19 to sinificantly impact same-store sales for quarter ended june 30

Yum brands - expect covid-19 to impact same-store sales for quarter ended june 30, 2020 more significantly than it is impacting current quarter.yum brands - decided to suspend its previously announced share repurchase program.yum brands - seen early signs of sales recovery in markets that were first impacted by covid-19.yum brands - currently estimate same-store sales for quarter ended march 31, 2020 will decline in a range of mid to high single digits.yum brands - working with franchisees who need more access to capital and are in good standing with company to provide assistance.yum brands - assistance to franchisees include grace-periods for certain near-term payments where necessary.yum brands - on march 24, 2020, units borrowed $525 million under revolving facility.yum brands - as of march 24, 2020, company had cash and cash equivalents in excess of $1 billion.
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