Fri, Aug. 21, 11:31 AM
- An effort by Chick-fil-A to expand into the Denver International Airport is meeting resistance due to the company's previous stances on same-sex marriage.
- Politicians in Boston and San Francisco have voiced similar concerns over the chicken chain entering their cities.
- The political issues could slow down a broader U.S. roll-out of Chick-fil-A which is a development that could benefit McDonald's (MCD -1.4%), KFC (NYSE:YUM), Hardee's, and others. The chains already have a one-day sales advantage in markets with Chick-fil-A stores due to the company's policy to stay closed on Sundays.
Tue, Aug. 18, 6:39 PM
- Micky Pant, formerly the head of YUM's KFC division, has been named CEO of the company's China division. Sam Su is stepping down as both chairman and CEO of the China unit. COO Roger Eaton will now be in charge of KFC outside of China and India.
- The shakeup comes amid calls by hedge fund Corvex Management for Yum to spin off its Chinese ops. A Yum spokesman insists today's move wasn't made in preparation for a spinoff.
- Yum's Chinese sales, hit hard in recent quarters by a 2014 scandal involving the practices of ex-food supplier OSI Group/Shanghai Husi, fell 4% Y/Y in FQ2. Units rose 7%, but same-store sales fell 10%.
- Yum has risen to $86.06 after hours.
Tue, Aug. 18, 5:40 PM
Tue, Aug. 18, 9:04 AM
- McDonald's (NYSE:MCD) is the top choice of the slice of consumers who like breakfast at any hour of the day, according to a survey from YouGov BrandIndex.
- The chain was considered by 41% of "breakfastarians" for their next meal to top Subway, IHOP, Burger King, and Starbucks.
- Chick-Fil-A, IHOP (NYSE:DIN), and Taco Bell (NYSE:YUM) made large jumps from their ranking six months ago.
- McDonald's is only testing all-day breakfast in select markets at the moment.
Mon, Aug. 17, 11:35 AM
- Yum Brands (YUM +1.2%) announces it will use comedian Norm Macdonald to play Colonel Sanders in KFC commercials to cover for the sudden departure of Darrell Hammond from the role.
- The Colonel Sanders reboot by the company is seen as an attempt to cut into Chick-fil-A's growing influence in the quick chicken category, although analysts have been largely skeptical over the campaign.
- U.S. KFC sales rose 1% in Q2 and are up 3% YTD.
Wed, Aug. 12, 10:01 AM
- Yum Brands (YUM -4.3%) slides to a 4-month low as concerns over sales in China mount amid a weaker local currency and broader macroeconomic question marks.
- Shares of the restaurant company are down almost 9% from last week's high.
- Starbucks (SBUX -1.6%) and McDonald's (MCD -0.9%) face the same foreign currency translation issue as Yum, but not nearly at the same scale.
Wed, Jul. 15, 10:44 AM
- China was a major topic during the Yum Brands (YUM -2.9%) earnings call today.
- Management skirted over macro issues in the nation and KFC store closures to promise a strong second half and improved profitability.
- Taco Bell is a definite bright spot for the company. Breakfast now accounts for 7% of the division's sales. Management says it's confident Taco Bell will become the company's third global brand.
- CEO Greg Creed says the Pizza Hut division also has significant upside potential, while acknowledging peers (Domino's, Papa Johns) are outperforming it.
- Double-digit EPS growth is forecast for this year and next.
- Shares of Yum pared their losses during the course of the call.
- Previously: Yum! Brands beats by $0.06, misses on revenue (Jul. 14 2015)
- Previously: Taco Bell helps offset China weakness for Yum Brands in Q2 (Jul. 14 2015)
Tue, Jul. 14, 4:24 PM
- Yum Brands (NYSE:YUM) held company-wide worldwide restaurant margin level at 15.5% during Q2. Operating profit fell 1%. Across divisions results varied widely.
- China division: Sales -4% on 7% unit growth. Same-store sales -10%. Operating profit -25%.
- KFC division: Sales +6% on 2% unit growth. Same-store sales 3%. Operating profit +10%.
- Taco Bell division: Sales +9% on 3% unit growth. Same-store sales +6%. Operating profit +29%. Restaurant margin +530 bps to 23.0%.
- Pizza Hut division: Sales +1% on 2% unit growth. Same-store sales flat. Operating profit -1%.
- India division: Sales flat on 16% unit growth. Same-store sales -11%.
- CEO Greg Creed says the company will see improved results in China in the second half and Yum is still on track to open 700 restaurants in the nation this year.
- YUM -1.23% after hours to $90.87.
Tue, Jul. 14, 4:12 PM
Mon, Jul. 13, 5:35 PM
Thu, Jul. 9, 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.
Mon, Jul. 6, 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.
Fri, Jun. 26, 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.
Tue, Jun. 16, 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.
Thu, Jun. 4, 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.
Wed, Jun. 3, 9:50 AM
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