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Yum! Brands, Inc. (YUM)

  • Thu, Nov. 19, 4:38 PM
    • Yum! Brands (NYSE:YUM) declares $0.46/share quarterly dividend, in line with previous.
    • Forward yield 2.57%
    • Payable Feb. 5; for shareholders of record Jan. 15; ex-div Jan. 13.
    | Thu, Nov. 19, 4:38 PM | Comment!
  • Mon, Nov. 16, 9:44 AM
    • Taco Bell (NYSE:YUM) says it will be the first fast-food chain to serve only cage-free eggs.
    • The company expects to pull off the switch by the end of 2016 - an earlier target date than the one set by McDonald's.
    • A previously-announced goal by Taco Bell to remove artificial flavors and colors from core menu items will be achieved by the beginning of 2016.
    | Mon, Nov. 16, 9:44 AM | 2 Comments
  • Mon, Nov. 16, 8:33 AM
    • Hedge fund Third Point disclosed its current holdings in a new SEC filing.
    • The firm now holds 8.25M shares of Kraft Heinz (NASDAQ:KHC).
    • The stake in Yum Brands (NYSE:YUM) was increased to over 11.7M shares.
    • Third Point trimmed its positions in Constellation Brands (NYSE:STZ) and J.M. Smucker (NYSE:SJM).
    • SEC Form 13-F
    | Mon, Nov. 16, 8:33 AM | 1 Comment
  • Thu, Nov. 12, 4:43 PM
    • YUM's China division same-store sales rose an estimated 5% Y/Y in October, down slightly from September's 6% but better than the 2% reported for FQ3. KFC saw 10% Chinese same-store growth (rebounding from the effects of last year's OSI scandal), and Pizza Hut a 9% decline. (8-K filing)
    • The fast-food giant is reiterating guidance for 0%-4% Y/Y Q4 Chinese same-store growth, with positive KFC growth and negative Pizza Hut growth. The Q4 outlook covers September in addition to October, November, and December. November comps will be reported in tandem with Yum's annual investor conference.
    • Shares have risen to $70.11 after hours.
    | Thu, Nov. 12, 4:43 PM | 1 Comment
  • Wed, Oct. 21, 12:54 PM
    • Taco Bell (NYSE:YUM) saw a 20% to 25% increase in customer traffic in the weeks after McDonald's (NYSE:MCD) introduced all-day breakfast, according to data from Foursquare. Though the chain has run some recent promotions, and now has over 25 items on the breakfast menu, the big jump still looks surprising.
    • McDonald's showed a 9% traffic gain over the same time period.
    • Another major fast-food player might be toying with the all-day breakfast concept. Burger King (NYSE:QSR) is reported to have one store in New Jersey already offering some breakfast items throughout the day. The company hasn't announced anything officially.
    | Wed, Oct. 21, 12:54 PM | 4 Comments
  • Tue, Oct. 20, 7:37 AM
    • Yum Brands (NYSE:YUM) says the separation will allow each standalone to focus on  its own distinct commercial priorities.
    • After the separation, Yum Brands will be led by current CEO Greg Creed and Yum China will be headed by Micky Pant.
    • Yum China will remain on track to open 700 new restaurants this year and to expand to as many as 20K restaurants in the future.
    • The deal is expected to be completed by the end of 2016. The company expects it to qualify as a tax-free reorganization.
    • A detailed presentation on the strategies of both companies will be revealed at at Analyst/Investor Day event scheduled for December 10.
    • Previously: Yum Brands to divide itself into two companies (Oct. 20 2015)
    • YUM +5.72% premarket to $75.80.
    | Tue, Oct. 20, 7:37 AM | 4 Comments
  • Tue, Oct. 20, 7:09 AM
    • Yum Brands (NYSE:YUM) announces it will separate into two new companies.
    • The separation will create Yum China and Yum Brands. Yum China will operate under a franchisee agreement in China, while Yum Brands will be largely a pure-play franchisor.
    • YUM +4.56% premarket to $74.98.
    | Tue, Oct. 20, 7:09 AM | 5 Comments
  • Tue, Oct. 20, 2:19 AM
    | Tue, Oct. 20, 2:19 AM | Comment!
  • Fri, Oct. 16, 10:27 AM
    • Yum Brands (YUM +1.7%) says it will continue to expand in Russia as it tries to take advantage of a consumer trade-down from fine dining.
    • The company's top exec in the nation said the KFC chain will add stores as it looks to take advantage of its perceived pricing advantage.
    • Yum is expected to add 100 stores this year and in 2016 in Russia and bordering former Soviet satellites.
    • Previously: Yum Brands up 3.6%, updates full-year guidance (Oct. 15 2015)
    | Fri, Oct. 16, 10:27 AM | 1 Comment
  • Thu, Oct. 15, 5:35 PM
    • Top gainers, as of 5.25 p.m.: PTCT +2.7%. YUM +2.3%. XIV +1.5%.
    • Top losers, as of 5.25p.m.: WYNN -8.5%. MPEL -3.5%. TVIX -2.9%.
    | Thu, Oct. 15, 5:35 PM | Comment!
  • Thu, Oct. 15, 4:38 PM
    • Yum Brands (NYSE:YUM) is up 3.6% after hours, updating its full-year outlook as a strategic review nears its end.
    • Sales in China may be difficult to forecast, it says in estimating that same-store sales for Q4 could range for 0% to 4% (positive at KFC, negative growth at Pizza Hut). For the full fiscal year, China Division same-store sales should be low-single-digit negative, with profits flat in constant currency.
    • Overall, full-year EPS growth will take an impact of 1-2 percentage points due to foreign exchange, Yum says, and now forecasts EPS growth to range from flat to low-single-digit positive.
    • The company will start reporting monthly same-store sales, beginning with October's numbers after the close on Nov. 12.
    • News about the strategic review (including any change to structure) are coming soon, Yum says.
    • The company also named Keith Meister to its board.
    | Thu, Oct. 15, 4:38 PM | 4 Comments
  • Wed, Oct. 14, 9:29 AM
    • Piper Jaffray's detailed survey of teenagers indicates their restaurants of choice may not be so different than their parents.
    • Starbucks (NASDAQ:SBUX) was picked as the top restaurant by the 13-year old to 19-year old group, with Chipotle (NYSE:CMG) and Chick-fil-A ranking second and third.
    • Perhaps a surprise, McDonald's (NYSE:MCD) ranked fourth, while Panera Bread (NASDAQ:PNRA) was solid with a 5th place listing.
    • Notably missing from the list were Taco Bell (NYSE:YUM), Wendy's (NASDAQ:WEN), and Subway.
    • Piper Jaffray infographic on survey results (.pdf)
    | Wed, Oct. 14, 9:29 AM | 28 Comments
  • Wed, Oct. 7, 12:45 PM
    | Wed, Oct. 7, 12:45 PM | 7 Comments
  • Wed, Oct. 7, 9:40 AM
    • Yum Brands (NYSE:YUM) is likely to face activist investor pressure as the company's problems in China continue to overwhelm results.
    • Nomura Securities notes investors wanting to buy shares of Taco Bell are unable to snatch them up without taking on considerable China risk. Taco Bell met expectations with a 4% gain in same-store sales in FQ3. The chain is seen as a beneficiary of lower gas prices in the U.S. and has pulled several innovation levers with success.
    • A standalone Taco Bell could be enticing to U.S.-focused investors and provide value to Yum shareholders, reasons the Nomura team.
    • Previously: Yum down 16.8% on FQ3 miss, EPS guidance cut; China and India weigh (Oct. 06 2015)
    • YUM -17.5% to $68.86 in opening trades, the lowest level for the restaurant stock in almost a year.
    | Wed, Oct. 7, 9:40 AM | Comment!
  • Wed, Oct. 7, 9:14 AM
    | Wed, Oct. 7, 9:14 AM | 4 Comments
  • Tue, Oct. 6, 5:43 PM
    • Top gainers, as of 5.25 p.m.: RCL +3.1%.
    • Top losers, as of 5.25p.m.: YUM -16.0%. NUS -14.0%. CLF -7.4%. ADRO -5.2%. ADBE -3.0%.
    | Tue, Oct. 6, 5:43 PM | 2 Comments
Company Description
Yum Brands Inc through the three concepts of KFC, Pizza Hut and Taco Bell, develops, operates, franchises and licenses a system of restaurants which prepare, package and sell a menu of competitively priced food items.
Sector: Services
Industry: Restaurants
Country: United States