Yum! Brands, Inc. (YUM) - NYSE
  • Thu, Jul. 21, 1:02 PM
    • Domino's Pizza (NYSE:DPZ) is up 6% after comparable-store sales dazzle both in the U.S. (+10%) and internationally (+7%). Those marks look especially strong considering the sluggish comp growth across the restaurant sector.
    • Domino's carved out a new all-time high of $146.73 in today's action.
    • The pizza sector is hot across the board after a note from KeyBanc Capital Markets suggested that consumers are opting for at-home delivery over casual dining out due in part to civil unrest. Papa John's (NASDAQ:PZZA) is up 1.2% and nanocap Noble Roman's (OTCQB:NROM) is up 4.1%.
    • Other pizza bets: Pizza Hut(NYSE:YUM), Pizza Inn (NASDAQ:RAVE), PizzaRev (NASDAQ:BWLD), Papa Murphy's (NASDAQ:FRSH), Pie Five (RAVE), Little Caesars (private)
    | Thu, Jul. 21, 1:02 PM | 3 Comments
  • Thu, Jul. 14, 10:22 AM
    • Yum Brands (NYSE:YUM) is up 4% after delivering some steady Q2 sales numbers across brands and offering up guidance ahead of expectations.
    • KFC sales in China were a strong point, while Taco Bell disappointed in the U.S. (-1% comp vs. +1.9% expected).
    • "Challenging industry conditions in the U.S. contributed to soft sales results," said CEO Greg Creed.
    • During the conference call, Yum management said the China spin off is on schedule.
    • On Wall Street, JPMorgan lifted its price target on Yum to $97 and Bernstein backed its Outperform rating.
    • Previously: Yum! Brands beats by $0.01, misses on revenue (July 13)
    • Previously: Yum Brands higher after narrow profit beat, guidance lift (July 13)
    | Thu, Jul. 14, 10:22 AM
  • Wed, Jul. 13, 5:34 PM
    • Top gainers, as of 5.25 p.m.: RIO +5.6%. RARE +4.6%. YUM +4.5%. NVCR +3.7%. RBS +3.4%.
    • Top losers, as of 5.25p.m.: ENVA -3.8%. LVS -3.7%. EEI -3.3%. SGY -2.8%. CS -2.6%.
    | Wed, Jul. 13, 5:34 PM | 2 Comments
  • Wed, Jul. 13, 4:28 PM
    • Yum Brands (NYSE:YUM) reports core operating profit increased 7% in Q2.
    • China division: Sales +3%, unit growth +6%, same-store sales flat, operating profit +6%, restaurant-level margin +110 bps to 15.7%.
    • KFC division: Sales +6%, same-store sales +2%, units +3%, operating profit +6%.
    • Pizza Hut division: Sales +1%, same-store sales flat, U.S. sales flat, operating profit +7%.
    • Taco Bell division: Sales +2%, same-store sales -1%, unit growth +3%, operating profit -1%, restaurant margin -30 bps to 22.3%.
    • The company paid an effective tax rate of 25.8% during the quarter vs. 30.4% last year.
    • Yum Brands says results were solid enough to prompt it to lift guidance for full-year core operating profit growth to at least 14%, from a prior view for a 12% gain.
    • Previously: Yum! Brands beats by $0.01, misses on revenue (July 13)
    • YUM +3.81% AH to $89.02.
    | Wed, Jul. 13, 4:28 PM
  • Wed, Jul. 13, 4:16 PM
    • Yum! Brands (NYSE:YUM): Q2 EPS of $0.75 beats by $0.01.
    • Revenue of $3B (-3.2% Y/Y) misses by $90M.
    • Shares +2%.
    • Press Release
    | Wed, Jul. 13, 4:16 PM | 4 Comments
  • Fri, May 20, 2:34 PM
    • Yum Brands (NYSE:YUM) announces it approved $4.2B in share repurchases. The buybacks are part of the promised return of $6.2B in capital to Yum shareholders.
    • The development follows a report from Reuters indicating that China Investment Corporation and KKR ended talks with the company about taking a stake in the China unit. Sources said Yum wasn't willing to give up majority control due to the implications on taxes owed.
    • YUM is +0.17% to $80.19 on the day.
    | Fri, May 20, 2:34 PM | 5 Comments
  • Wed, Apr. 20, 4:36 PM
    • Yum Brands (NYSE:YUM) reports core operating profit improved 13% in Q1.
    • China division: Sales 11%, unit growth +5%, same-store sales +6%, operating profit +42%, restaurant-level margin +3.5 percentage points to 22.4%.
    • KFC division: Sales: Sales +5%, same-store sales +1%, operating profit +4%.
    • Pizza Hut division: Sales +4%, U.S. same-store sales +5%, operating profit +9%.
    • Taco Bell division: Sales +3%, same-store sales +1%, unit growth +3%, operating profit +4%.
    • The company paid an effective tax rate of 25.0% during the quarter, up 160 bps from a year ago.
    • Yum Brands says results were solid enough to prompt it to lift guidance for full-year core operating profit growth to 12% from 10% prior.
    • YUM +3.85% AH to $85.72.
    | Wed, Apr. 20, 4:36 PM | 6 Comments
  • Wed, Apr. 20, 4:18 PM
    • Yum! Brands (NYSE:YUM): Q1 EPS of $0.95 beats by $0.12.
    • Revenue of $2.62B (flat Y/Y) misses by $40M.
    • Shares +5.04%.
    • Press Release
    | Wed, Apr. 20, 4:18 PM
  • Tue, Apr. 19, 10:07 AM
    • Restaurant stocks are skittish in early trading after Brinker International (EAT -6.5%) disappoints with traffic under pressure at Chili's.
    • Decliners include DineEquity (DIN -1.9%), Yum Brands (YUM -0.7%), Darden Restaurants (DRI -2.1%). and Bloomin' Brands (BLMN -0.7%).
    • Popeyes Louisiana Kitchen (PLKI -2.8%) is down after Cowen initiates coverage with a Marker Perform rating and $59 price target.
    • Buffalo Wild Wings (BWLD -3.4%) is under pressure with OTR Global making noise about Q1 and Q2 trends.
    • Investors with a positive view on the restaurant sector may be able to pick up The Restaurant ETF (NASDAQ:BITE) at a lower price today.
    | Tue, Apr. 19, 10:07 AM
  • Wed, Mar. 23, 11:40 AM
    • Dow Jones reports Yum Brands (YUM +2.8%) is talking with KKR and others about selling a 19.9% stake in its Chinese unit, and that the sale would value the unit at $10B.
    • Yum, which currently sports a $33B valuation, has moved higher following the report.
    • Update: Sources tell the WSJ KKR, Baring Private Equity Asia, and "several Chinese funds" are thinking of buying the stake, and that Yum's Chinese ops "could be worth something in the neighborhood of $10 billion in total."

      Though a variety of offers have been floated, Yum "appears focused on selling a 19.9% stake to avoid a big tax bill." The stake sale is said to be part of Yum's Chinese spinoff plans.
    | Wed, Mar. 23, 11:40 AM | 8 Comments
  • Thu, Feb. 25, 9:48 AM
    • Domino's Pizza (DPZ +7.8%) stole restaurant market share in the U.S. during Q4 with a dominating 11% comp. The company generated over 50% of its U.S. sales through digital channels a level that other quick-service chains will find hard to match.
    • Pizza Hut (NYSE:YUM) and Papa John's (PZZA -1.3%) were both around a 2% comp for roughly the same time period, while the overall restaurant sector was below 1% growth.
    • Pizza companies have been aggressive in recent months with technology initiatives to increase traffic and have funneled some of their savings from lower cheese costs into pricing. Pizza operators have some other tailwinds, including lower fuel costs and solid popularity with millennials.
    • All three companies have set same-store sales growth guidance for the full year ahead of the restaurant sector average. The pizza trio has also outperformed the S&P 500 Index on the year.
    | Thu, Feb. 25, 9:48 AM | 3 Comments
  • Wed, Feb. 3, 4:48 PM
    • Yum Brands (NYSE:YUM) reports operating profit increased 13% in Q4.
    • China division: Sales +7% (constant currency), restaurant margin +430 bps to 11.4%, operating profit +200%.
    • KFC division: Sales: Sales +6%, operating profit +7%.
    • Pizza Hut division: Sales +2%, operating profit +6%.
    • Taco Bell division: Sales +7%, same-store sales +4%, operating profit -7%.
    • India division: Sales -9%, same-store sales -13%.
    • The company paid an effective tax rate of 29.4% during the quarter, down 60 bps from a year ago.
    • Yum Brands backs full-year 2016 operating profit growth of 10% in constant currency.
    • Previously: Yum! Brands beats by $0.02, misses on revenue (Feb. 3)
    • YUM -1.48% AH to $71.35.
    | Wed, Feb. 3, 4:48 PM | 2 Comments
  • Wed, Feb. 3, 4:18 PM
    • Yum! Brands (NYSE:YUM): Q4 EPS of $0.68 beats by $0.02.
    • Revenue of $3.95B (-1.3% Y/Y) misses by $70M.
    • Shares +1.79%.
    | Wed, Feb. 3, 4:18 PM | 1 Comment
  • Tue, Jan. 12, 4:44 PM
    • YUM Brands' China Division same-store sales rose 1% Y/Y in December, after dropping 3% in November. KFC same-store sales rose 5%; Pizza Hut fell 11%. (8-K filing)
    • For the whole of FQ4 (features September, October, November, and December), China Division same-store sales rose 2%. KFC grew 6%; Pizza Hut fell 8%.
    • Yum has risen to $71.99 after hours. FQ4 results arrive on Feb. 3.
    | Tue, Jan. 12, 4:44 PM | 4 Comments
  • Dec. 10, 2015, 3:53 PM
    • Wasting little time after the company detailed plans to split off its China operation, S&P downgrades the corporate credit rating of Yum Brands (YUM -1%) to BB from BBB. Yum had been on CreditWatch negative since October, so the downgrade doesn't come as too much of a surprise (the outlook is now stable).
    • Noted by S&P is the company's plan to return up to $6.2B to shareholders and the resultant meaningfully higher leverage.
    • Previously: Yum Brands stays confident at investor conference (Dec. 10)
    | Dec. 10, 2015, 3:53 PM | 5 Comments
  • Nov. 12, 2015, 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.
    | Nov. 12, 2015, 4:43 PM | 1 Comment
Company Description
Yum! Brands, Inc. is a quick service restaurant company. The company operates its business through five operating segments: YUM China, YUM India, KFC Division, Pizza Hut Division and Taco Bell Division. The YUM China which includes all operations in mainland China. The YUM India which includes... More
Sector: Services
Industry: Restaurants
Country: United States