Sep. 18, 2014, 8:23 AM| Comment!
Sep. 17, 2014, 3:29 PM
- Real estate investment firm A&C Ventures bought 72-unit Taco Bell (NYSE:YUM) franchisee Dolan Foster Enterprises through its Golden Gate Bell Restaurants subsidiary.
- The acquisition will give A&C control over 100 Taco Bell units.
- More Taco Bell purchases by the company are likely, reports Restaurant Finance Monitor.
Sep. 17, 2014, 2:53 PM
- Pizza Hut (NYSE:YUM) is searching for answers after seeing giving up U.S. market share last year and for the first half of 2014 to Domino's and Papa John's.
- The restaurant chain's latest innovation is "Skinny Slice" pizzas in an effort to push a healthier image of the brand.
- Pizza Hut reported a 4% drop in same-store sales during Q2.
Sep. 12, 2014, 2:54 PM
- Yum Brands (YUM -1.7%) is testing a number of new restaurant concepts in the U.S.
- Banh Shop is a Vietnamese-inspired sandwich shop which has debuted in Dallas.
- Super Chix is a chicken sandwich store that's also being tested in the DFW region.
- U.S. Taco and Urban Taproom are being introduced in California.
Sep. 10, 2014, 4:33 PM
Sep. 3, 2014, 5:35 PM
Sep. 3, 2014, 4:56 PM
- Thanks to the uproar over the practices of ex-food supplier OSI Group/Shanghai Husi, YUM now expects its FQ3 (Aug. quarter) Chinese same-store sales to be down 13% Y/Y. (8-K)
- The fast-food chain owner says Chinese sales are "beginning to rebound," but "continue to be negative." It plans to "vigorously pursue legal action against OSI and Husi to recover damages from the incident."
- Shares -3.5% AH. Yum had already announced on July 30 its Chinese KFC/Pizza Hut sales have been badly hit by the OSI scandal. The company's FQ2 Chinese same-store sales (boosted by a post-Avian flu rebound) were up 15%.
Aug. 26, 2014, 10:46 AM
- Restaurant Finance Monitor thinks other restaurant chains will consider a tax inversion move if Burger King survives political and consumer backlash to headquarter in Canada
- The site notes that both Yum Brands (YUM) and Domino's (DPZ -0.3%) derive a significant percentage of their revenue abroad.
- Even if the companies decide the risk to sales isn't worth the tax break, some form of concessions from Congress are possible with new laws designed to incentive home-cooking.
Aug. 25, 2014, 1:54 PM
- Larger restaurant chain operators might be looking to buy their way into growth to follow the lead of Burger King Worldwide, speculates MarketWatch.com
- A filtered ranking of the top 10 North American restaurant chains with the best growth of sales per share ended up with Chipotle (CMG) and Buffalo Wild Wings (BWLD +2.1%) at the top of the list.
- Sorting the list by lowest forward P-E ratio leaves Texas Roadhouse (TXRH +1.9%), Cheesecake Factory (CAKE +1.4%), and (perhaps a surprise) Yum Brands (YUM +0.9%) looking like potential M&A targets.
- Other restaurant stocks: CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
Aug. 11, 2014, 7:49 AM
- A number of restaurant chains in China have posted supplier information on their local websites in response to the concerns of consumers.
- The action from McDonald's (NYSE:MCD), Burger King (NYSE:BKW), Carl's Jr., and Yum Brands (NYSE:YUM) is in response to a request from Shanghai's Municipal Food and Drug Administration.
Aug. 4, 2014, 4:02 AM
- McDonald’s (NYSE:MCD) will restore its full menu in China later this week, after the fast-food chain pulled many items for almost two weeks due to the expired meat investigation at Shanghai Husi Food, a unit of McDonald’s long-term supplier OSI Group.
- While McDonalds will continue using food from OSI’s alternate operations in China, other brands like Yum (NYSE:YUM) and Burger King (NYSE:BKW) have cut ties with OSI since the food scandal.
Jul. 31, 2014, 9:11 AM| 4 Comments
Jul. 30, 2014, 4:47 PM
- YUM states it has seen "a significant, negative impact to same-store sales at both KFC and Pizza Hut in China over the past 10 days" due to an undercover report regarding the practices of food supplier Shanghai Husi (a division of OSI Group). (8-K)
- The report alleged OSI sold chicken and beef beyond its expiration date, among other things. Yum has already cut ties with OSI over the scandal.
- Yum, whose Chinese sales had been recovering after getting clobbered last year by avian flu-related issues, says it's "too early to know how quickly sales will rebound in China."
Jul. 25, 2014, 7:59 AM
- McDonald's (NYSE:MCD) says it will stop selling all chicken products produced in China to its Japan outlets and stop selling chicken nuggets and other items in Hong Kong after reports earlier this week that a Chinese food supplier may have shipped expired meat.
- In Japan, MCD will import all its chicken products from Thailand, which already was supplying 62% of MCD Japan's chicken product imports, with China supplying the remainder.
- The food safety scare in China also has ensnared KFC parent Yum Brands (NYSE:YUM), which has required all its KFC and Pizza Hut restaurants to seal up and stop using all meat materials supplied by the Chinese Husi factory.
Jul. 23, 2014, 3:43 PM
- "Yum China (YUM +0.1%) has decided to immediately terminate all procurement from OSI China," says the company in a statement which notes OSI is not a major supplier to its Chinese division. "It is difficult to believe and completely unacceptable that the management of Shanghai Husi, a division of OSI, would oversee and organize illegal and dishonest operations."
- Shanghai police earlier detained five people connected to the factory at the center of this new food safety scandal, including the head of Shanghai Husi and its quality manager.
- Previously: Yum, McDonald's ensnared in another China food safety scandal
Jul. 22, 2014, 7:49 AM
- The latest food scandal in China is spreading fast, dragging in Starbucks (NASDAQ:SBUX), Burger King (NYSE:BKW) and others, as well as McDonald’s (NYSE:MCD) products as far away as Japan.
- SBUX says some of its cafes previously sold products containing chicken originally sourced from a firm that was shut down Sunday by local regulators for using expired meat and picking up meat from the floor to add to the mix.
- BKW and Papa John's (NASDAQ:PZZA) say they have stopped using food products supplied by the closed firm.
- McDonald’s and KFC parent Yum Brands (NYSE:YUM) apologized yesterday to Chinese customers after discovering the firm supplied expired meat to the two chains.
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