Yum! Brands was seeing an improvement in sales even before announcing this sale. Meanwhile, McDonald's is closing in on 50 straight years of dividend increases.
After experiencing underwhelming to outright poor performance recently, several big names in the consumer discretionary sector are loading up on buyback capacity. All three of these moves signal management's confidence in their ability to turn the tide, but each also comes with a unique set of circumstances.
Following a review of strategic alternatives initiated earlier this year, Domo, Inc. (NASDAQ:DOMO) said its board has determined that pursuing a strategic transaction is the most effective path to maximize shareholder value.