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Yum! Brands, Inc. (YUM)

  • Fri, Jan. 9, 1:38 PM
    | Fri, Jan. 9, 1:38 PM | 5 Comments
  • Fri, Jan. 2, 2:54 PM
    • Janney Capital Markets dived into the restaurant sector before pulling out its top two picks for 2015.
    • Yum Brands (YUM -0.6%): Janney thinks the stock absorbed much of the downside risk news and could see activist investors arrive on the scene this year.
    • Papa John's (PZZA +2.4%): The pizza chain is viewed as a beneficiary of an increased pace of consumer spending in the U.S.
    | Fri, Jan. 2, 2:54 PM | 1 Comment
  • Fri, Jan. 2, 9:10 AM
    • Share of Yum Brands (NYSE:YUM) are on watch after concerns in Hong Kong over chickens infected with H7 avian flu crop up this week.
    • A ban of chicken imports from Mainland China is possible, according to South China Morning Post.
    | Fri, Jan. 2, 9:10 AM | 2 Comments
  • Dec. 24, 2014, 9:57 AM
    • The restaurant industry will run up against soft comps in January and February due to last year's winter storms which were much worse than normal.
    • Restaurant same-store sales will rise just over 2% for the full year, according to an estimate from the co-founder of the NRN-MillerPulse tracking survey.
    • Technomic sees a 3% growth in restaurant comps in 2015, while Fitch Ratings has an outlook for 2% to 3%.
    • On the cost side, commodity prices for chicken, cheese, wheat, and pork are all expected to moderate. However, beef prices are seen increasing 4% to 8%.
    • Minimum wage increases in many state kick in on January 1 which could impact the bottom line for many chains.
    • Fresh IPOs, concept acquisitions, and leveraged buyouts care expected to be major themes in 2015, according to analysts.
    • CEOs on the hot seat include Don Thompson at McDonald's (NYSE:MCD) and Nigel Travis at Dunkin' Brands (NASDAQ:DNKN).
    | Dec. 24, 2014, 9:57 AM | 18 Comments
  • Dec. 11, 2014, 2:43 PM
    • Local KFC's within China will be given more autonomy in offering menu items and setting prices, says Joey Wat, Yum's (YUM +2.5%) new president of KFC China, noting consumers in the big cities have higher incomes and different preferences than those in smaller towns.
    • Other changes include things like premium coffee, more use of Chinese celebrities in ads, free Wi-Fi, and a reinvigorated child's menu.
    • Investor & Analyst Conference webcast
    • November same-store sales in China are looking down 15% from a year ago, says the company, but December shouldn't be as bad. Average restaurant sales three years ago in China were $1.7M annually, a number that's since fallen to just $1.35M.
    • Meanwhile, dealReporter says activist investor 3G Capital is sniffing around the company.
    • Previously: Is Yum Brands next for 3G? (Dec. 10, 2014)
    | Dec. 11, 2014, 2:43 PM | Comment!
  • Dec. 10, 2014, 9:10 AM
    | Dec. 10, 2014, 9:10 AM | 1 Comment
  • Dec. 10, 2014, 9:06 AM
    • Yum Brands (NYSE:YUM) is a logical acquisition candidate for 3G Capital, according to analysis from RBC Capital Markets.
    • The investment firm notes 3G has shown an appetite for stepping up acquisitions within the same sector.
    • 3G is the majority shareholder of Burger King Worldwide which is set to merge with Tim Hortons.
    • YUM -4.6% premarket after disappointing guidance.
    | Dec. 10, 2014, 9:06 AM | Comment!
  • Dec. 9, 2014, 5:36 PM
    | Dec. 9, 2014, 5:36 PM | Comment!
  • Dec. 9, 2014, 4:39 PM
    • Though YUM's Chinese same-store sales are recovering from the summer hit they took from the OSI scandal, they're doing so "at a slower pace than expected." As a result, Yum now expects mid-single digit 2014 EPS growth, down from prior guidance of 6%-10% (already lowered). China Division same-store sales are expected to be down by a mid-single digit clip.
    • In addition, Yum is only guiding for 2015 EPS growth of "at least 10%;" consensus is for EPS to grow 17% to $3.78. "Meaningful upside opportunity" exists if Chinese sales rebound faster than expected.
    • Yum respectively forecasts China Division, KFC, Pizza Hut, and Taco Bell op. profit growth of "at least 15%," 10%, 10%, and 6%. 2,100 gross new international units will be built next year (700 in China), and the capex budget is at $1.2B.
    • The fast food giant plans to lower its share count by 2% in 2015 via buybacks.
    | Dec. 9, 2014, 4:39 PM | Comment!
  • Dec. 8, 2014, 11:55 AM
    • Goldman Sachs takes up coverage again on Yum Brands (YUM -1.4%) with a Sell rating.
    • The report from the investment firm on Yum indicates a lack of faith the China business can be turned around.
    | Dec. 8, 2014, 11:55 AM | 1 Comment
  • Dec. 2, 2014, 8:56 PM
    • Though federal legislation on a minimum wage increase is stalled in Congress, there's still movement on the hourly payment front.
    • Organized protests at Wal-Mart stores on Black Friday were more widespread than in recent years.
    • The city council of Chicago approved a gradual increase of the minimum wage in the city to $13 per hour by 2019.
    • The pay hike in the Windy City follows similar measures in Seattle, San Francisco, and Oakland.
    • Earlier this week, a state senator is California introduced legislation to boost the minimum wage in the state to $13 per hour by 2017.
    • Related stocks: MCD, WMT, BKW, WEN, YUM, TGT.
    | Dec. 2, 2014, 8:56 PM | 51 Comments
  • Nov. 20, 2014, 5:40 PM
    • In addition to declaring its quarterly dividend, YUM has announced a new $1B buyback; it's good for repurchasing 3% of shares at current levels.
    • Thus far in 2014, Yum has spent $691M to repurchase 9.4M shares. A $750M buyback was announced a year ago.
    | Nov. 20, 2014, 5:40 PM | Comment!
  • Nov. 20, 2014, 4:28 PM
    • YUM! Brands (NYSE:YUM) declares $0.41/share quarterly dividend, in line with previous.
    • Forward yield 2.17%
    • Payable Feb. 6; for shareholders of record Jan 16; ex-div Jan 14.
    | Nov. 20, 2014, 4:28 PM | Comment!
  • Nov. 20, 2014, 10:45 AM
    • The usual suspects topped a list of the businesses with the most foot traffic in October, compiled by location analytics firm Placed.
    • The top five chains were Wal-Mart (NYSE:WMT), McDonald's (NYSE:MCD), Subway, Starbucks (NASDAQ:SBUX), and Walgreens (NYSE:WAG).
    • Significant movers over the last month include KMart (NASDAQ:SHLD) +9 spots, KFC (NYSE:YUM) +6 spots, Bed Bath & Beyond (NASDAQ:BBBY) -7 spots, and Costco (NASDAQ:COST) -6 spots.
    | Nov. 20, 2014, 10:45 AM | 6 Comments
  • Nov. 10, 2014, 1:37 PM
    • Pizza Hut unveils a broad series of menu changes to hit stores on November 19.
    • The biggest change is the large expansion of toppings and sauce options that customer will have for pizzas.
    • The company will also see some rebranding efforts with a new logo and a more casual employee dress code.
    • The Yum Brands (NYSE:YUM) chain has seen same-store sales decline for 8 straight quarters in the U.S.
    | Nov. 10, 2014, 1:37 PM | 1 Comment
  • Nov. 3, 2014, 2:57 PM
    • Yum Brands (YUM -0.3%promotes David Gibbs to be the new executive in charge of Global Pizza Hut to replace the retiring Scott Bergren.
    • Gibbs takes over the duties on January 1.
    • Pizza Hut delivered a flat comp for the company in FQ3.
    | Nov. 3, 2014, 2:57 PM | Comment!
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