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Stock Market & Financial Investment News

News Breaks
November 29, 2012
16:50 EDTYUMYum! 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
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May 27, 2015
19:42 EDTYUMYum! Brands CEO says hypothetical Taco Bell delivery service would be 'huge'
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10:30 EDTYUMYum! Brands says KFC still 'quintessential' QSR brand and not just China brand
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10:23 EDTYUMYum! Brands sees positive SSS in China in 2H15
Also sees improvement restaurant margin and operating profit in 2H15. Expects 20,000 restaurants in China for the long-term. The company said it expects to aggressively test more unique value options in Pizza Hut, including competitive price points. Expects to open 600 new units in its international division this year for Pizza Hut International. Says Taco Bell is "firing on all cylinders." Comments taken from Bernstein Annual Strategic Decisions Conference.
May 26, 2015
20:50 EDTYUMBernstein to hold a conference
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13:02 EDTYUMYum! Brands says Pizza Hut to remove artificial colors, flavors from pizzas
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13:01 EDTYUMYum! Brands says Taco Bell to remove artificial colors, flavors
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May 22, 2015
10:34 EDTYUMYum! Brands management to meet with Oppenheimer
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May 18, 2015
08:35 EDTYUMYum! Brands price target raised to $105 from $90 at Oppenheimer
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May 15, 2015
12:13 EDTYUMThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTYUMThird Point reports new stakes in Yum! Brands, FedEx, McKesson
10:01 EDTYUMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
06:47 EDTYUMYum! Brands upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Yum! Brands to Overweight saying it believes a spin-off of China and levering up of the franchise business has moved from a "possibility" to a "probability." After attending the Yum China investor conference, the firm thinks the company is now welcome to ideas that can drive short and long term shareholder value. It raised its price target for the stock to $108 from $83.

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