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Yum! Brands, Inc. (YUM)

  • Feb. 4, 2013, 4:51 PM
    Yum Brands (YUM): Q4 EPS of $0.83 beats by $0.01. Revenue of $4.12B beats by $0.B. (PR)
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  • Feb. 4, 2013, 7:46 AM
    Yum Brands' (YUM) Q4 earnings are due out after the bell today, with analysts expecting that EPS rose to $0.82 from $0.75 and that revenue inched up 0.1% to $4.12B. Investors will be particularly interested in the impact on Yum's earnings of a scandal in China over the use of chickens that were allegedly given dangerous hormones. The affair could have hurt same-store sales by 6% after they increased 9% in the first nine months of 2012.
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  • Feb. 4, 2013, 12:10 AM
    Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM
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  • Feb. 3, 2013, 5:35 PM
    Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM
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  • Jan. 30, 2013, 1:29 PM
    Citigroup is out with a note which tips off that Yum Brands (YUM -0.8%) will report improved sales in China for January after the company by its own admission saw company-wide same-store sales for China fall in Q4. "Our most recent checks show KFC China sales have likely stabilized and even improved."
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  • Jan. 22, 2013, 1:44 PM
    Analysts warn that with the economy so fragile and pricing competition fierce it will hard for restaurants to pass on the higher wholesale beef prices that are forecast down to consumers. Though quick-service chains will toy with their menus (more chicken) and try to use forward purchase contracts to lower costs, the impact of last year's drought could take a few seasons to reverse.
  • Jan. 16, 2013, 7:55 AM
    Shares of Chipotle (CMG) shed 10.7% in premarket trading after the company estimated its Q4 profit would fall well-below the estimate of analysts. Analysts think Chipotle's warning on food costs could cut a wide swath across the quick-service restaurant sector with the introduction of more dollar value menus making price hikes trickier.
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  • Jan. 15, 2013, 7:10 AM
    Yum Brands (YUM) hears criticism in China from state-run Xinhua News over its quality control and for capitalizing on loopholes in regulations. A blistering editorial states the Chinese government is serious about cracking down on illegal activities by foreign companies. The warning: "Establishing a world-recognized brand may take a hundred years, but it takes just one ugly incident to destroy it."
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  • Jan. 14, 2013, 1:17 PM
    Taco Bell (YUM -0.3%) expands on testing a new dollar menu initiative that could place it in closer competition with the value propositions at McDonald's (MCD -0.1%), Burger King (BKW -2.9%), and Wendy's (WEN +0.7%) in the U.S. Analysts see the move as well-timed with the burger chains likely to struggle a bit to hold the line on prices in the face of escalating beef costs.
  • Jan. 14, 2013, 9:09 AM
    Oppenheimer reduces its price target on Yum Brands (YUM) to $74 from $82 after factoring in the troubles the company is seeing in China. The firm thinks the short-term could be tricky for the restaurant operator, but keep a positive long-term view with an Outperform rating on shares.
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  • Jan. 10, 2013, 12:44 PM
    Yum Brands (YUM +2.2%) issues an apology over what it calls its inappropriate response to a probe in China on contaminated chicken from suppliers. What started as a relatively minor issue snowballed into a major flap for the company that it admits will cut into sales over the last quarter.
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  • Jan. 9, 2013, 6:50 AM
    Hedgeye says current employment trends show a potential deceleration of employment growth in the casual dining restaurant sector as compared to the broader economy. According to the firm, the data suggests a possible slowing of casual dining sales as a result.
  • Jan. 8, 2013, 8:07 AM
    Shares of Yum Brands (YUM) dip 4.8% premarket after the company warns same-store sales will fall more than originally forecast due to the lingering chicken contamination issue. It's not a time for panic, according to Nicole Urken, as she calls the near-term volatility a long-term opportunity.
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  • Jan. 7, 2013, 5:45 PM
    After-hours top gainers, as of 5:15 p.m.: TISI +6%. VG +5%. CPE +4%. WTSLA +4%. AEO +4%.
    After-hours top losers:
    YUM -5%. CLMT -5%. MDRX -3%. VRNG -3%. SONS -3%.
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  • Jan. 7, 2013, 5:08 PM
    Yum Brands (YUM) warns on China, expecting same-store sales there to be off 6% in Q4 vs. an earlier forecast of -4% thanks to the effect on KFC sales in late December from the poultry contamination issue. The company continues to expect full-year EPS of $3.24. Shares -3% AH.
  • Jan. 3, 2013, 11:23 AM
    Taco Bell's (YUM +0.4%) Facebook page displays an enticing tease indicating the company could be working on a Cool Ranch variation of its Doritos Locos Taco to possibly launch later this year. The trend is something to watch for investors of Chipotle (CMG +0.6%) with plenty of bears (first Einhorn, now Jefferies) pitching the case Taco Bell is grabbing market share from Chipotle due to its new Cantina Bell menu.
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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