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YUM! Brands, Inc. (YUM)

  • Dec. 20, 2012, 10:23 AM
    Management with Darden Restaurants (DRI -1.5%) all but declared a pricing war for the restaurant sector during today's earnings call in response to its sluggish growth for key chains. While at first blush the move looks bad for the group, analysts aren't so sure. Darden is battling a PR backlash from its decision to hire more part-time workers instead of full-time employees and continues to struggle to find a way to keep Red Lobster relevant. Restaurant peers could be unaffected.
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  • Dec. 19, 2012, 5:51 AM
    McDonalds (MCD) and Yum! Brands (YUM) get caught up in a food-safety affair in China following a TV report that two of their past and/or current suppliers bought chicken that may have been fed with non-approved antibiotics and growth hormones. Both companies say they're working with suppliers to ensure safety.
  • Dec. 13, 2012, 7:26 AM
    Goldman Sachs upgrades Yum Brands (YUM) to Buy from Neutral on its view a slowdown in China is cyclical. The take falls in line with the company's own assertion that same-store sales growth average over 7% when smoothing out the peaks and valleys. Goldman sets a $77 price target on shares.
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  • Dec. 10, 2012, 10:07 AM
    China's retail sales shot up 14.9% in October, providing companies selling in the region a reason to breath just a tad bit easier. The China Generak Chamber of Commerce estimates retail sales will surpass 20 trillion yuan ($3.21T) in 2012 and add another 15% to that mark by 2015. But the trick for U.S. companies with China is to move into rural areas in order to tap into growth potential without stepping into quicksand if brand recognition isn't strong or prices are too high. Walking the tightrope: F, EL, YUM, SBUX, TIF, MCD.
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  • Dec. 7, 2012, 7:34 AM
    Bernstein Research weighs in on Yum Brands (YUM) following the company's rousing investor day presentation (I, II). The firm thinks Yum should meet or exceed the double-digit EPS growth targets and buys into the U.S. growth story. Shares of YUM remain rated Outperform by Bernstein.
  • Dec. 6, 2012, 10:22 AM
    More from the Yum Brands (YUM +1.4%) Investor Conference: Naturally, China is a major focus of the presentation by execs with confidence brimming the growth model is in place. At least one chart makes a strong case with SSS growth averaging out at over a 7% clip for an extended period - providing a stable base for the increasing store count. On the innovation front, the smashing success of Taco Bell's Doritos Locos is highlighted with the point being hammered home that new innovations from  partnerships such as Yum-PepsiCo could be in the mix. (webcast)
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  • Dec. 6, 2012, 9:03 AM
    Heard at Yum Brands' (YUM) Investor Meeting: 1) The pep rally kicks off with a focus that profits are still growing at a double-digit pace. 2) China still paced by KFC, which accounts for 85% of growth. The goal is to broaden out to inland lower-tier locations and hit 30K restaurants by 2020. 3) India is a place the company wants to be as it's "just getting started" and expects billion-dollar profits eventually. 4) In U.S., growth is "alive and well" with Taco Bell a focus. 5) By the company's math, YUM shares are worth $85 a share. "Mr. Market is missing it." (webcast)
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  • Dec. 6, 2012, 8:42 AM
    The Yum Brands (YUM) annual investor meeting kicks off in minutes with a sharper focus on the comments of executives than in years past. A sluggish sales performance from McDonald's as of late and a biting profit warning from Darden Restaurants has the entire sector rather edgy. Will Yum Brands swim against the current? (webcast)
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  • Dec. 4, 2012, 9:09 AM
    The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back?
  • Nov. 30, 2012, 11:34 AM
    Hedgeye has something to say about the scare Yum Brands (YUM -9.7%) threw into the market over its comps in China. The firm notes previous sequential decelerations in China GDP Growth and Yum's sales in the nation haven't slammed the firm's earnings growth. The take: After being tagged a "China stock" a bit too vociferously by analysts, YUM is actually attractive at today's oversold level.
  • Nov. 30, 2012, 7:43 AM
    More reaction to Yum Brands (YUM): The announcement that sales could slip in China for the first time since Q4 of 2009 is "very surprising" to analysts expecting the growth train to roar on. Raymond James doesn't mince words, saying the drop off in China traffic creates "significant visibility issues" for profits. Shares of YUM are stumbling, -9.7% premarket to $67.28.
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  • Nov. 30, 2012, 7:33 AM
    Yum Brands (YUM) starts to fall out of favor with analysts after the company lowered its profit expectations for 2013. Susquehanna downgrades the restaurant operator to Neutral from Positive, while Deutsche Bank clipped its price target to $66 and lowered EPS estimates. YUM -9.5% premarket.
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  • Nov. 29, 2012, 5:46 PM
    After-hours top gainers, as of 5:15 p.m.: CBK +17.1%. FIVE +8.6%. SKUL +6.8%. ULTA +5.2%. RGC +3.9%.
    After-hours top losers: ZNGA -10.7%. YUM -7.3%. ZUMZ -6.9%. AVGO -3.1%. GRPN -3.0%.
  • Nov. 29, 2012, 4:48 PM
    Reaffirming its FY2012 EPS growth forecast of 13%, or $3.24/share, Yum Brands (YUM) sees softer business in China in Q4 leading to negative (-4%) same-store sales growth. Shares -4% AH. (PR)
  • Nov. 29, 2012, 10:03 AM
    Efforts to unionize fast-food workers ramp up this week with organized protests in the works at McDonald's (MCD -0.3%), Taco Bell (YUM +1%), and Wendy's (WEN -0.4%). Though the activity is catching some headlines, unionization efforts seem more likely to fizzle than generate higher costs for restaurant operators. If the Black Friday protests at Wal-Mart are any indication, it may be business as normal despite all the sound and fury.
  • Nov. 16, 2012, 3:20 PM
    Yum Brands, Inc. (YUM) declares $0.34/share quarterly dividend, in line with previous. Forward yield 1.87%. For shareholders of record Jan 11. Payable Feb. 1. Ex-div Jan 9. (PR)
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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