YUM
Yum! Brands, Inc.NYSE
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  • Yesterday, 7:11 AM
    • Cowen delivers some good news for the quick-service restaurant sector with its forecast that ground beef prices could fall 10% to 15% between 2018 and 2020.
    • The investment firm warns that promotional pressure due to competition could pull at margins from the other direction.
    • Cowen's top two QSR picks are Jack in The Box (NASDAQ:JACK) and Yum Brands (NYSE:YUM), according to Bloomberg. McDonald's (NYSE:MCD), Wendy's (NYSE:WEN) and Sonic (NASDAQ:SONC) also stand to benefit from a drop in ground beef prices.
    • Related ETFs: BITE, MENU.
    | Yesterday, 7:11 AM
  • Thu, Dec. 8, 11:35 AM
    • Donald Trump is expected to name CKE Restaurants CEO Andy Puzder as the labor secretary. An official announcement is expected shortly.
    • Puzder can be expected to be sympathetic to restaurant companies on the crucial issues of minimum wages, overtime rules, the Affordable Care Act and franchiser joint employee rules.
    • Related ETFs: BITE, MENU.
    • Related stocks: MCD, YUM, PLKI, DENN, SONC, WEN, QSR, JACK, CBRL, WING, BOJA, DNKN, DRI, DPZ, PZZA, TACO, RT.
    | Thu, Dec. 8, 11:35 AM | 56 Comments
  • Tue, Dec. 6, 10:21 AM
    • Execs with Yum Brands (NYSE:YUM) made some interesting comments today at the Barclays 2016 Gaming, Lodging, Leisure, Restaurant & Food Retail Conference (via Bloomberg).
    • The KFC business is said to be doing well in Russia and India.
    • The presenters said they are satisfied with Yum returning a total of $6.2B of capital to shareholders by the end of the year.
    • The plan to increase the mix of company-owned stores is expected to continue.
    • The company is "very pleased" with a fast-casual model test and hints that capex could be used to acquire a chain in the future.
    • Yum Brands presentation webcast
    | Tue, Dec. 6, 10:21 AM | 1 Comment
  • Mon, Dec. 5, 8:04 AM
    • One of the more interesting conferences in the retail sector during Q4 starts off today in New York City. The Barclays 2016 Eat, Sleep, Play - It's All Discretionary Conference will feature execs talking 2017 strategy, as well as doling out some post-election and post-Black Friday insights.
    • Presenters today include The Chef's Warehouse (NASDAQ:CHEF), Smart & Final Stores (NYSE:SFS) and Sprouts Farmers Market (NASDAQ:SFM).
    • Tuesday presenters include Chipotle (NYSE:CMG), The Cheesecake Factory (NASDAQ:CAKE), Yum Brands (NYSE:YUM), Kroger (NYSE:KR), Jack in the Box (NASDAQ:JACK), Domino's Pizza (NYSE:DPZ), Marriott International (NYSE:MAR) and Wingstop (NASDAQ:WING).
    • Discretionary-focused ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PEZ, PMR, PSCD, CNDF, FTXD, JHMC.
    | Mon, Dec. 5, 8:04 AM
  • Sat, Dec. 3, 10:51 AM
    • Yum Brands (NYSE:YUM) plans to sell most of its KFC outlets in the U.K., according to the Times of London.
    • The sale transaction is expected to generate about £300M ($381.83M).
    • The company already franchises about 600 restaurants in the region.
    • Yum sees franchising as its best long-term strategy in the U.K.
    | Sat, Dec. 3, 10:51 AM
  • Fri, Nov. 18, 9:01 AM
    • Yum Brands (NYSE:YUM) announces that its board authorized repurchases of up to $2B in shares through the end of 2017.
    • The new buyback allowance comes on top of all prior authorizations.
    • The company says the anticipated share repurchases are part of its commitment to return significant capital to shareholders.
    • Source: Press Release
    • YUM +1.09% premarket to $61.42.
    | Fri, Nov. 18, 9:01 AM | 5 Comments
  • Wed, Nov. 9, 6:47 AM
    | Wed, Nov. 9, 6:47 AM | 118 Comments
  • Fri, Nov. 4, 9:14 AM
    • Taco Bell backs up its plan to grow to 9K locations in the U.S. by the end of 2022.
    • “Our planned growth over the next six years is going to help us reach $15 billion in global system sales by 2022,” says Taco Bell CEO Brian Niccol.
    • Though the aggressive expansion runs counter to the recent decline in U.S. restaurant traffic, Taco Bell did score well in the recent Piper Jaffray survey of teens.
    • Taco Brands is more significant to the overall Yum Brands (NYSE:YUM) picture now that Yum China has been spun off.
    • Source: Press Release
    | Fri, Nov. 4, 9:14 AM
  • Tue, Nov. 1, 7:37 AM
    • Yum Brands (NYSE:YUM) officially split into two companies today with the separation of Yum China Holdings (Pending:YUMC) (one share per YUM holder).
    • Yum China will begin trading “regular way” as an independent company today on the NYSE.
    • “We’ve established two powerful, independent companies that are each well capitalized with long runways for growth and value creation," says CEO Greg Creed.”
    • “As a ‘pure play’ franchisor, we believe the transformed Yum Brands is going to deliver long-term sustainable results by being more focused, efficient, growth oriented and collaborative across our brands and with our franchisees,” he adds.
    • With the separation of the China business complete, Yum China is a licensee of Yum Brands in mainland China.
    • Source: Press Release
    | Tue, Nov. 1, 7:37 AM | 24 Comments
  • Wed, Oct. 19, 11:41 AM
    • Credit Suisse upgrades Yum Brands (YUM +1.1%) to Outperform from Neutral on a positive long-term view of the restaurant stock.
    • Analyst Jason West cites Yum's "balanced portfolio" across the globe and relatively low sensitivity to same-store sales and cost input shocks.
    • CS assigns a price target of $96 vs. Yum's 52-week high of $91.99.
    | Wed, Oct. 19, 11:41 AM
  • Tue, Oct. 18, 5:57 PM
    • Domino's Pizza (NYSE:DPZ) jumped to a 52-week high on the way to close nearly 5% higher today, after reporting a 13% increase in Q3 U.S. sales from a year earlier, far outpacing rival Pizza Hut (NYSE:YUM) and bucking the broader restaurant industry trend of weakening sales.
    • For the first time in the company's history, DPZ is bringing in more sales through smartphones, watches, virtual assistants and other digital channels than from diners walking into stores or phoning in orders; BofA Merrill estimates 55% of its sales were digital in Q3, vs. just 20% for the restaurant industry.
    • Some Wall Street analysts have started to assign DPZ tech-style stock price targets based on the rapid growth of its digital sales, and Bloomberg's Shelly Banjo says 63% of analysts covering the company have raised their price targets in the past month.
    | Tue, Oct. 18, 5:57 PM | 4 Comments
  • Mon, Oct. 17, 1:18 PM
    | Mon, Oct. 17, 1:18 PM | 5 Comments
  • Fri, Oct. 14, 2:54 PM
    • Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
    • Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
    • Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
    • Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
    • Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
    • Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
    | Fri, Oct. 14, 2:54 PM | 44 Comments
  • Tue, Oct. 11, 11:30 AM
    | Tue, Oct. 11, 11:30 AM | 1 Comment
  • Tue, Oct. 11, 8:24 AM
    • Yum Brands (NYSE:YUM) expects to return up to $13.5B to shareholders before 2019 after it completes the separation of the China business.
    • The company also backs a goal to be 98% franchised by the end of FY18. A slimmer Yum Brands will also lead to efficiency gains. Management expects to cut capex spending to ~$100M by FY19 and reduce G&A expenditures by ~$300M.
    • Yum CEO Greg Creed on strategy: "We will reinforce the distinctiveness of our brands and their relevance to customers, select the highest potential franchisees and help drive their success, expand more profitably in key markets across the globe."
    • The new CEO of Yum China (Pending:YUMC) also updated on post-split plans.
    • "At separation, we will be operating a highly cash-generative business, with no external debt and ample cash on hand. This will enable us to invest in new restaurants, digital engagement and our delivery network, providing job opportunities to thousands more people across the country and contributing to economic growth," said Micky Pant.
    • Yum China thinks it has the potential to triple the number of units it runs in China over the long term.
    • Yum Brands Investor & Analyst Conference webcast
    • Yum Brands strategy update (.pdf)
    • YUM +1.21% premarket to $88.45.
    | Tue, Oct. 11, 8:24 AM | 6 Comments
  • Sat, Oct. 8, 9:09 AM
    • Retailers want the U.S. election over and quick. The negative tone has created a degree of uncertainty with consumers that has impacted spending and traffic patterns, according to a host of top execs.
    • "There is just great uncertainty as to what is going to happen in the U.S. in particular as a result of the outcome of the election," noted Yum Brands (NYSE:YUM) CEO Greg Creed recently. "People may be hunkering down a little bit," he added.
    • Expect the topic to be raised on a large number of Q3 earnings calls over the next month to explain away revenue misses.
    • It's not an excuse that everyone is buying into. Retail Metrics president Ken Perkins doubts that daily shopping needs are cut short by election fascination and notes consumer confidence is measuring high. Then there's Amazon (NASDAQ:AMZN) which seems to be rolling right along without any Clinton-Trump fatigue.
    • Beyond the election wildcard, two underestimated factors impacting some retailers in a more concrete way are the lower level of SNAP (food stamps) benefits being paid out by the government and the elevated cost of health care. There is also the massive challenge with a millennial generation that shuns chains. Just ask anyone in the restaurant sector (NASDAQ:BITE).
    • Add it all up and it makes for a challenging period for a mix of retailers that includes Dollar General (NYSE:DG), Dollar Tree (NASDAQ:DLTR), Fred's (NASDAQ:FRED), Ross Stores (NASDAQ:ROST), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Staples (NASDAQ:SPLS), McDonald's (NYSE:MCD), Popeyes Louisiana Kitchen (NASDAQ:PLKI), Wendy's (NYSE:WEN), Supervalu (NYSE:SVU), Kroger (NYSE:KR), SIgnet (NYSE:SIG), TJX Companies (NYSE:TJX), and Casey's General Stores (NASDAQ:CASY).
    • Retail ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, UGE, SZK, CNDF, FTXD, JHMC.
    | Sat, Oct. 8, 9:09 AM | 73 Comments