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Yum! Brands, Inc. (YUM)

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  • 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.
  • Dec. 31, 2012, 7:07 AM
    Yum Brands (YUM) and McDonald's (MCD) stopped buying meat from China's largest meat seller even before issues with contamination cropped up, according to the companies. Concerns over the level of antibiotics and hormones in chicken could still cut into sales a bit in the nation for the ambitious fast-food chains.
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  • Dec. 26, 2012, 10:31 AM
    "KFC (YUM) will pay a heavy price for its failures," goes an editorial in China Daily. The government looks ready to let the contamination issue pass, but KFC's brand is now diminished in China, writes the Board, and consumers will "vote with their feet."
  • Dec. 24, 2012, 6:25 AM
    Yum Brands (YUM) can breathe a little easier after hearing China's government report chicken samples from the company's KFC division complied with government standards. A regulatory agency noted 32 samples passed tests on levels of antibiotics and steroids after the issue of contamination cropped up last week. With 44% of its revenue derived from China, Yum Brands knows full well it's important to protect its brand image in the nation.
  • Dec. 21, 2012, 8:52 AM
    Shanghai regulators say test samples of chickens sold to supplies of the KFC chain (YUM) in China indicate they may be contaminated with the potentially-harmful drug amantadine. Chicken farms in the nation reportedly treat their birds with excessive amounts of antibiotics to increase the rate they grow.
  • 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.
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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