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Jul. 9, 2015, 2:24 PM
- Taco Bell (NYSE:YUM) is offering a delivery service from about 200 locations spread across Los Angeles, Orange County, San Francisco, and Dallas.
- The cost is $1 for the first delivery and $3.99 for subsequent deliveries.
- The company partnered with mobile app DoorDash on the delivery initiative. DoorDash users can track the progress of orders similar to the popular Domino's Pizza app which has boosted sales significantly for the pizza chain.
Jul. 6, 2015, 7:59 AM
- McDonald's (NYSE:MCD) and Yum's (NYSE:YUM) Kentucky Fried Chicken unit both seek to add digital pay options in China as they attempt to increase sales in the crucial market, WSJ reports.
- MCD says it will start testing mobile ordering and mobile payment in China under a pilot program in the current quarter, aiming to speed payment and meet consumer demands.
- Yum says its KFC business teamed up with Alibaba in late June to launch mobile payment services for 700 of its 4,500-plus stores in China.
- Attracting more diners and swifter sales is key for both MCD and YUM after Chinese media reports last summer connected the companies with a restaurant supplier that allegedly sold them expired meat; the companies dropped the supplier, but sales suffered and have not fully recovered.
Jun. 26, 2015, 11:55 AM
- Large restaurant chains are showing some strength after consumer sentiment rose to a five-month high.
- The sector has done very on the pricing and mix end of the matrix, but is still seeing overall sluggish traffic trends.
- Notable gainers include Restaurant Brands International (NYSE:QSR) +2.3%, Red Robin Gourmet Burgers (NASDAQ:RRGB) +2.3%, Domino's Pizza +2.1% to a new all-time high, Yum Brands (NYSE:YUM) +1.4%, Denny's (NASDAQ:DENN) +1.2%
- McDonald's (NYSE:MCD) is +0.6% to $96.49. Shares of MCD have poked their head over $100 a few times this year, but many analysts think the company needs to report positive U.S. comparable-store sales growth to escape its current trading range.
Jun. 16, 2015, 2:07 PM
- Privately-owned Chick-fil-A is stepping up its pace of expansion, notes Eater.com.
- The chain is expected to add 88 stores this year to take its store count up to 2K.
- Perhaps of interest to rivals, Chick-fil-A plans to push into metro areas such as New York and Las Vegas as well as grow its presence in Los Angeles and Chicago.
- The new round of expansion could place Chick-fil-A in more direct competition with Popeye's (NASDAQ:PLKI), KFC (NYSE:YUM), and Bojangles (NASDAQ:BOJA) in some markets.
- The expansion of Chick-fil-A could also be a factor with input costs for Wingstop (NASDAQ:WING) and Buffalo Wild Wings (NASDAQ:BWLD) which sometimes rise when restaurant industry chicken demand spikes higher.
Jun. 4, 2015, 8:54 AM
- Taco Bell (NYSE:YUM) confirms a store in Chicago will sell beer, wine, and frozen alcoholic drinks this summer.
- The test will mark the first time the chain has sold alcohol in the U.S.
- The store layout and design will be significantly different than the typical Taco Bell look in the U.S.
- Rival Chipotle sells alcohol at its stores, although the category isn't a major factor in comparable-store sales growth.
Jun. 3, 2015, 9:50 AM
- Yum Brands (NYSE:YUM) is active in early trading with speculation on some interest by Nelson Peltz swirling around.
- The company is considered by analysts as a prime candidate to see a push by activist investors.
- Shares of Yum are up 1.3% on a volume spike.
Jun. 1, 2015, 7:15 AM| Jun. 1, 2015, 7:15 AM | 1 Comment
May 29, 2015, 12:06 PM
- Deutsche Bank picks McDonald's (NYSE:MCD) and Darden Restaurants (NYSE:DRI) as its top two restaurants stocks.
- Turnaround plans at both companies will yield improved results for shareholders, according to DB.
- Analysts call the reorganization of brands and business groups at McDonald's and Darden a strategic move.
- The investment firm is cautious on the restaurant sector overall, with Hold ratings initiated on Sonic (NASDAQ:SONC), Zoe's Kitchen (NYSE:ZOES), Yum Brands (NYSE:YUM), Texas Roadhouse (NASDAQ:TXRH), Panera Bread (NASDAQ:PNRA), Bloomin' Brands (NASDAQ:BLMN).
May 26, 2015, 12:41 PM
May 20, 2015, 5:29 PM
- Colonel Sanders is being brought back out of semi-retirement as part of a new marketing campaign to promote KFC (NYSE:YUM).
- The initiative is part of a larger strategic overhaul of the KFC brand that includes a plan to remodel stores.
- KFC has been in a prolonged slump as chains including Bojangles, Chick-fil-A, and Popeye's have all grabbed market share.
- Execs hope a personalized touch at stores and the re-emergence of the Colonel can invigorate the chain.
May 20, 2015, 9:43 AM
- Shares of El Pollo Loco (NASDAQ:LOCO) and Habit Restaurants (NASDAQ:HABT) are on watch after the city of Los Angeles increases its minimum wage to $15 per hour.
- The two chains have a high mix of stores in California.
- Taco Bell (NYSE:YUM) is also well represented in Orange County.
- Previously: Los Angeles bumps minimum wage to $15/hour
May 15, 2015, 12:40 PM
- Dan Loeb's Third Point LLC exited its 10M-share Alibaba (BABA - unchanged) position in Q1, after having upped its stake in the Chinese e-commerce giant in Q4. (13F filing)
- The firm also unloaded its 7M-share position in EMC (EMC -0.1%), which confirmed during the quarter it doesn't plan to spin off VMware, and a 4M-share stake in Williams (WMB +1.3%).
- A 3.3M-share stake was taken in Yum Brands (YUM +3.6%), a 900K-share stake in FedEx (FDX +0.7%), a 1.15M-share stake in J.M. Smucker (SJM -0.1%), and a 626K-share stake in McKesson (MCK). Loeb also respectively took 1.6M-share and 3.5M-share stakes in chipmakers NXP (NXPI +0.2%) and Maxim (MXIM +0.4%).
- Stakes were increased in Delta Air Lines, Actavis, FleetCor, and Roper Technologies, and decreased in Amgen, Ally Financial, eBay, Phillips 66, and Anheuser Busch. Interestingly, a modest 90K-share position was taken in top Alibaba rival JD.com (JD -0.8%).
- Meb Faber observes someone tracking Loeb's top 10 picks since 2000 would have obtained a 12.4% annual return since 2000 (504.8% overall), soundly beating the S&P 500's 4.4% (95.4% overall).
May 15, 2015, 8:20 AM
- Shares of Yum Brands (NYSE:YUM) perk up in premarket action after JPMorgan issues an upgrade.
- The restaurant operator is taken to an Overweight rating from Neutral by JP and assigned a higher price target of $108.
- A spin-off of Yum's China business and investor activism are seen as two catalysts for share price appreciation.
- YUM +1.12% premarket to $91.03.
May 15, 2015, 7:50 AM
- Taco Bell (NYSE:YUM) has an application pending on a liquor license for a store in Chicago, according to Nation's Restaurant News.
- Taco Bell is also in the process of launching a new urban smaller-sized store concept.
- Several fast-casual Mexican chains offer customers alcoholic beverages, including Chipotle.
May 4, 2015, 1:14 PM
- Continuing his bull thesis on Yum Brands (YUM +1.7%), Keith Meister starts to sound more like the activist he is, telling Ira Sohn attendees Yum should separate its China unit into an independent Chinese company.
- He sees 50-90% upside, with the current stock price of about $90 per share giving investors the Chinese operation for free.
- Meister's Corvex owns $1.5B of Yum, making it a top five shareholder in the company.
- Follow conference on Twitter
- Previously: Corvex's Meister touts Yum Brands at Ira Sohn (May 4)
May 4, 2015, 1:04 PM
- Yum Brands (YUM +1.9%) is a great way to play the middle class growth in China, says Icahn alum Keith Meister, telling the Ira Sohn conference his funds own $1.5B of the stock.
- The company, he says, has first-mover advantage in China which has no mature franchise model. Meister thinks Yum will have 18K locations in that country at some point vs. 6.5K today.
- Live blog of the conference
- Follow on Twitter
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