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YUM! Brands, Inc. (YUM)

  • 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.
  • 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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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