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Oct. 14, 2014, 11:26 AM
Oct. 13, 2014, 3:30 PM
- There's a grim forecast on U.S. restaurant traffic out from NPD Group.
- Analyst Bonnie Riggs predicts growth will be limited to less than 0.5% a year out to 2022.
- Though the analyst cites some pockets of strength such as the breakfast daypart, the fast-casual segment, and higher-end restaurant demand - she thinks overall restaurant revenue will be pressured by soft demand from the middle class.
- Millennials are a particular concern with their visits to restaurant outlets in steady decline over the last few years.
- Related stocks: MCD, BKW, SONC, JACK, YUM, PLKI, DENN, BOBE, CBRL, DIN, EAT, RRGB, TXRH, BH, FRS.
Oct. 10, 2014, 9:36 AM
- The Fair Minimum Wage Act (H.R. 1010) has been stalled in Congress even as several states and municipalities propose their own minimum wages laws.
- The HR 1010 legislation calls for the incremental increase in the federal minimum wage to $10.10 per hour after which it would be indexed to inflation.
- What to watch: Analysts expect most voter referendums on minimum wage increases to pass in November, while a national framework remains in limbo.
- Full bill (.pdf)
- Related stocks: PLKI, BKW, WEN, JACK, SONC, YUM, MCD, GTIM, TAST.
Oct. 7, 2014, 4:45 PM
- With the OSI scandal taking a toll on Chinese sales, YUM's FY14 EPS growth is now expected to be in a 6%-10% range, below prior guidance for at least 20% growth.
- Worldwide system sales only rose 1% Y/Y in FQ3, a sharp slowdown from FQ2's 6% growth. Restaurant margin fell 270 bps Y/Y to 14.9%.
- China division sales -9% Y/Y, with 6% unit growth more than offset by a 14% same-store sales decline. Restaurant margin -460 bps to 14.9%.
- System sales for other divisions: KFC +6%, Pizza Hut flat, Taco Bell +4%, India +14%.
- Division same-store sales: KFC +3%, Pizza Hut -1%, Taco Bell +3%, India -4%.
- 400 new restaurants were created, 77% of which were in emerging markets. Yum still plans to open at least 700 new Chinese restaurants this year. Chinese restaurants +6% Y/Y in FQ3 to 6,419; Indian restaurants +26% to 736.
- YUM -0.9% AH. A rough earnings report was expected.
- FQ3 results, PR
Oct. 7, 2014, 4:17 PM
- YUM! Brands (NYSE:YUM): FQ3 EPS of $0.87 misses by $0.02.
- Revenue of $3.35B (-3.5% Y/Y) misses by $130M.
- Shares +1.35% AH.
Oct. 6, 2014, 5:35 PM
Sep. 18, 2014, 8:23 AM
Sep. 17, 2014, 3:29 PM
- Real estate investment firm A&C Ventures bought 72-unit Taco Bell (NYSE:YUM) franchisee Dolan Foster Enterprises through its Golden Gate Bell Restaurants subsidiary.
- The acquisition will give A&C control over 100 Taco Bell units.
- More Taco Bell purchases by the company are likely, reports Restaurant Finance Monitor.
Sep. 17, 2014, 2:53 PM
- Pizza Hut (NYSE:YUM) is searching for answers after seeing giving up U.S. market share last year and for the first half of 2014 to Domino's and Papa John's.
- The restaurant chain's latest innovation is "Skinny Slice" pizzas in an effort to push a healthier image of the brand.
- Pizza Hut reported a 4% drop in same-store sales during Q2.
Sep. 12, 2014, 2:54 PM
- Yum Brands (YUM -1.7%) is testing a number of new restaurant concepts in the U.S.
- Banh Shop is a Vietnamese-inspired sandwich shop which has debuted in Dallas.
- Super Chix is a chicken sandwich store that's also being tested in the DFW region.
- U.S. Taco and Urban Taproom are being introduced in California.
Sep. 10, 2014, 4:33 PM
- YUM! Brands (NYSE:YUM) declares $0.41/share quarterly dividend, 10.81% increase from prior dividend of $0.37.
- Forward yield 2.25%
- Payable Nov. 7; for shareholders of record Oct. 17; ex-div Oct. 15.
Sep. 3, 2014, 5:35 PM
Sep. 3, 2014, 4:56 PM
- Thanks to the uproar over the practices of ex-food supplier OSI Group/Shanghai Husi, YUM now expects its FQ3 (Aug. quarter) Chinese same-store sales to be down 13% Y/Y. (8-K)
- The fast-food chain owner says Chinese sales are "beginning to rebound," but "continue to be negative." It plans to "vigorously pursue legal action against OSI and Husi to recover damages from the incident."
- Shares -3.5% AH. Yum had already announced on July 30 its Chinese KFC/Pizza Hut sales have been badly hit by the OSI scandal. The company's FQ2 Chinese same-store sales (boosted by a post-Avian flu rebound) were up 15%.
Aug. 26, 2014, 10:46 AM
- Restaurant Finance Monitor thinks other restaurant chains will consider a tax inversion move if Burger King survives political and consumer backlash to headquarter in Canada
- The site notes that both Yum Brands (YUM) and Domino's (DPZ -0.3%) derive a significant percentage of their revenue abroad.
- Even if the companies decide the risk to sales isn't worth the tax break, some form of concessions from Congress are possible with new laws designed to incentive home-cooking.
Aug. 25, 2014, 1:54 PM
- Larger restaurant chain operators might be looking to buy their way into growth to follow the lead of Burger King Worldwide, speculates MarketWatch.com
- A filtered ranking of the top 10 North American restaurant chains with the best growth of sales per share ended up with Chipotle (CMG) and Buffalo Wild Wings (BWLD +2.1%) at the top of the list.
- Sorting the list by lowest forward P-E ratio leaves Texas Roadhouse (TXRH +1.9%), Cheesecake Factory (CAKE +1.4%), and (perhaps a surprise) Yum Brands (YUM +0.9%) looking like potential M&A targets.
- Other restaurant stocks: CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
Aug. 11, 2014, 7:49 AM
- A number of restaurant chains in China have posted supplier information on their local websites in response to the concerns of consumers.
- The action from McDonald's (NYSE:MCD), Burger King (NYSE:BKW), Carl's Jr., and Yum Brands (NYSE:YUM) is in response to a request from Shanghai's Municipal Food and Drug Administration.
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