|
|
News Breaks | | | | November 29, 2012 | | 16:50 EDT |  | YUM | Yum! Brands CEO Novak: On track to deliver FY12 EPS growth of at least 13%
David C. Novak, Chairman and CEO, said, "I'm pleased to report we remain on track to deliver at least 13% EPS growth this year. Our 2012 EPS growth is driven by double-digit operating profit growth, prior to foreign currency translation, in all three of our major operating divisions: China, Yum! Restaurants International and the U.S. Solid same-store sales growth at each of our divisions and record international new-unit development highlight the quality of our growth. For the fourth quarter, stronger than expected operating performance from Yum! Restaurants International and our U.S. division is offsetting softer sales in China, where we now expect same-store sales to be negative as we overlap 21% same-store sales growth from last year. Full-year same-store sales growth in China is expected to be 6%. Next year will be another strong year for our China division, given this year's record development of at least 800 new units and significant innovation in the pipeline, underpinned by world class operations. We are extremely confident Yum! China remains the best growth story in the restaurant industry. Our leading, global brands are well positioned in the fastest growing emerging markets. We remain focused on the three keys to driving shareholder value: new-unit development, same-store sales growth and high returns on invested capital." | |
|
News For YUM From The Last 14 Days Check below for free stories on YUM the last two weeks. |
|
|
| May 16, 2013 | | 16:48 EDT | | YUM | Yum! Brands Taco Bell CEO sees doubling revenue to $14B in 10 years
 Subscribe for More Information | | | May 13, 2013 | | 10:12 EDT | | YUM | Yum! Brands falls after reporting 29% China sales decline
Shares of Yum! Brands (YUM) are retreating after the company disclosed that its same store sales had tumbled 29% in China last month, versus the same period in 2012. WHAT'S NEW: The 29% decline in Yum's same-store sales in China, which the company announced on Friday night in an SEC filing, was roughly in-line with the its previous guidance for a decline of about 30%. The outbreak of avian flu in China had a significant negative impact on sales of Yum's KFC restaurants in that country last month, Yum! stated. Historically, the impact of avian flu outbreaks on KFC sales has been "relatively short-lived," Yum! added. ANALYST REACTION: In a note earlier today to investors, Oppenheimer analyst Brian Bittner wrote that Yum's sales in China had probably bottomed last month, as he believes that the avian flu outbreak is unlikely to accelerate. Yum should meet analysts' 2013 consensus estimates, and the company is poised to rebound significantly next year, added the analyst. He kept an Outperform rating on the stock. TODAY'S PRICE ACTION: In early trading, Yum! fell $1.73, or 2.5%, to $68.60. | | | 10:07 EDT |  | YUM | Yum! Brands July and October volatility low
Subscribe for More Information | | | 08:13 EDT |  | YUM | Yum! Brands China comps likely bottomed in Q1, says Oppenheimer
After Yum! Brands reported in-line April China comps of down 29%, Oppenheimer believes that the company's China comps likely bottomed in Q1 as the firm doesn't expect the avian flu outbreak in China to worsen. The firm expects Yum! to meet 2013 expectations, and it thinks the company could rebound significantly next year. The firm reiterates an Outperform rating on the stock. | |
|
|
|
|
|
|
