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YUM! Brands, Inc. (YUM)

  • Mar. 20, 2014, 6:55 AM
    • Yum Brands (YUM) is upgraded by First Global to Outperform from Market Perform.
    • The stance on the restaurant operator is that sales in China will stabilize.
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  • Mar. 12, 2014, 2:53 PM
    • YUM! Brands, Inc. (YUM) declares $0.37/share quarterly dividend, in line with previous.
    • Forward yield 1.92%
    • Payable May 2; for shareholders of record April 11; ex-div April 9.
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  • Mar. 12, 2014, 7:08 AM
    • Breakfast traffic at restaurants increased 3% last year to easily outpace lunch and dinner visits which both showed declines, according to NPD data.
    • Quick service restaurants accounted for close to 80% of all the breakfast visits by consumers.
    • McDonald's (MCD) and Starbucks (SBUX) strengthened their breakfast market share position during the year, but a host of companies including Taco Bell (YUM) and Chipotle (CMG) are testing new formats and breakfast items.
  • Mar. 6, 2014, 9:12 AM
    • Yum Brands (YUM) is upgraded by Robert W. Baird to Outperform from Neutral on the view that the company's sales growth in China will pick up.
    • Other emerging markets will also pitch in to help Yum achieve 10% earnings growth, according to Baird.
    • YUM +1.6% premarket
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  • Feb. 24, 2014, 2:35 PM
    • Taco Bell (YUM) plans to sell breakfast items such as waffle tacos, egg burritos, and a bacon wrap in a national roll-out that begins on March 27.
    • The initiative is a direct challenge to McDonald's (MCD +0.3%) which is exploring ways to expand its breakfast hours in order to meet later demand for morning fare.
    • In test runs in selects markets, Taco Bell had some success with breakfast offerings priced higher than McDonald's. But the adventures of Wendy's a couple of years ago in the breakfast category is a cautionary tale in assuming McDonald's and its +30% morning market share can be easily defeated.
  • Feb. 4, 2014, 9:11 AM
  • Feb. 3, 2014, 4:58 PM
    • Same-store sales declined 4% in China, and 2% in the U.S. They grew 2% at YRI.
    • In China, KFC same-store sales fell 4% during the Q and 15% for 2013. Pizza Hut same-store sales grew 5% in the Q and 4% for the year.
    • Worldwide restaurant margin fell 20 basis points to 14.2%, including a 30 bp decline in the U.S. and 140 bp decline at YRI. Margins 40 bps higher in China.
    • CEO David Novak: "We are confident we have the people and resources to deliver at least 20% EPS growth in 2014 and re-establish our track record of double-digit EPS growth."
    • 10.9M shares repurchased during 2013 at an average price of $69 each.
    • CC tomorrow at 9:15 ET
    • Press release, Q4 results
    • YUM +3.6% AH
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  • Feb. 3, 2014, 4:43 PM
    • YUM! Brands, Inc. (YUM): EPS of $0.86 beats by $0.06.
    • Revenue of $4.17B (+0.5% Y/Y) misses by $90M.
    • Press Release
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  • Feb. 3, 2014, 12:10 AM
  • Feb. 2, 2014, 5:35 PM
  • Jan. 28, 2014, 12:57 PM
    • An executive from the National Retail Federation testified before Congress today in an effort to convince the lawmakers that the Affordable Care Act should be modified.
    • The group believes a full-time employee should be based on a work week of 40 hours and would like to see the heath care insurance coverage requirement be lifted to 100 employees from 50.
    • Restaurant chains (MCD, BKW, DNKN, PZZA, YUM, WEN, KKD, BAGL, DRI, PLKI) operating under a franchise model have been impacted negatively by the Affordable Care Act.
  • Jan. 13, 2014, 4:21 PM
    • December same-store sales gained an estimated 2% in December, including a 5% boost at KFC and a 3% decline at Pizza Hut.
    • For all of Q4, same-store sales fell 4%, with KFC off 4% and Pizza Hut ahead 5%.
    • Q4 for the China division includes the months of September-December.
    • YUM -0.4% AH
    • SEC Form 8-K
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  • Jan. 13, 2014, 10:48 AM
    • A second person in Hong Kong has died from the H7N9 bird flu, according to officials.
    • The first death in Hong Kong related to the virus occurred last month.
    • The Chinese division of Yum Brands (YUM -0.6%) has suffered sales setbacks in the past over concerns on the avian flu strain.
  • Jan. 8, 2014, 2:26 PM
    • Pizza Hut (YUM) is front and center at the 2014 International Consumer Electronics Show as it celebrates its 20th year of giving consumers the ability to order pizza online.
    • Though lacking any whiz-bang tech product, the company's booth is reported to be a crowd-pleaser.
    • The restaurant chain has shifted its focus to the online/mobile theme as it uses a smaller store format to trim some costs. By last count, 40% of all Pizza Hut orders were placed online with half of those coming from mobile devices.
    | 1 Comment
  • Jan. 7, 2014, 8:24 AM
    • RBC Capital taps Yum Brands (YUM) to be a Top Pick which is a level above an Outperform rating under the firm's hierarchy.
    • The investment firm thinks sales in China will meet expectations in the upcoming quarters.
    • The price target on Yum is upped to $87.
    • YUM +1.4% premarket.
    | 1 Comment
  • Dec. 31, 2013, 9:49 AM
    • Yum Brands (YUM +1%) trades higher after Citi forecasts that the restaurant operator will record a positive comp with KFC same-store sales for December.
    • Though the news is positive, there are also reports of an increase in the promotional activity from the China KFC business.
    • With Yum Brands'  profit in China down 11% Y/Y in Q3, the impact on margins in Q4 of the pickup in sales will be closely watched. The consensus EPS estimate of analysts is currently $0.81 after sitting at $0.87 about three months ago.
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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