Fitbit gets back in shape, Avon CEO to step down, Wyndham to split business

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Yum! Brands (YUM) shares were lower in early trading. The fast food chain reported better-than- expected earnings and revenue for the second quarter as sales improved at its Taco Bell and KFC stores. However, its Pizza Hut chain continues to struggle, and net profit fell a whopping 40% from a year ago after spinning off its China business last year.

It’s shaping up to be a great day for Fitbit (FIT). The stock soared this morning after the fitness device maker posted a narrower-than-expected loss for the second quarter and revenue that also beat Wall Street views. The company also announced it will debut its much anticipated smartwatch this holiday season.

Avon
(AVP) is not looking too pretty this morning. The struggling beauty company missed on both its top and bottom lines and it revealed CEO Sheri McCoy is stepping down in March after five years at the helm. Activist investors have been demanding changes in leadership and strategy since 2015.

Wyndham Worldwide (WYN) is splitting the company’s hotel business into two separate, publicly traded companies. The Wyndham Hotel Group will hold on to its portfolio of popular hotels like Ramada and Days Inn while Wyndham Vacation Ownership will become the world’s largest publicly traded timeshare company.