New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:54 EDTYUMYum! Brands provides update on China KFC sales
KFC sales in the last two weeks of the fourth quarter were significantly impacted by the intense media attention surrounding an investigation by the Shanghai FDA into poultry supply management at Yum! China. The investigation was prompted by a report broadcast on China's national television (CCTV), which aired on December 18, 2012. The report showed that a few poultry farmers were ignoring laws and regulations by using excessive levels of antibiotics in chicken. Regrettably, some of this product was purchased by two poultry suppliers of KFC China. The investigation caused further media attention, including social media commentary, and this negatively affected consumer perceptions of poultry safety, and KFC in particular. On January 25, 2013, the SFDA concluded its investigation and released its recommendations. We appreciate their thorough and diligent review. The SFDA identified issues and provided "Supervisory Recommendations" to Yum! China to strengthen our poultry supply chain practices including refined voluntary self testing procedures, improved reporting and communications and enhanced supplier management. Our team in China has taken a comprehensive review of our current system and is in the process of incorporating all of the SFDA's recommendations. We have always recognized the importance of building a world-class supply chain in China, which is why we have implemented a wide range of quality assurance and testing practices over the years above legal and regulatory standards. The SFDA's recommendations will further strengthen those practices. The SFDA did not bring a case against Yum! China and no fine was assessed. The past seven weeks of media attention have been intense and negative towards the KFC brand image. Even though this is a very disappointing setback, we are more committed than ever to continue to strengthen our efforts, restore the confidence of our customers and win back their brand loyalty. To that end, the China team will soon be launching a brand reputation quality campaign to re-assure consumers of our high quality food, along with aggressive marketing plans.
News For YUM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 11, 2016
07:31 EDTYUMHyatt names former Yum! CFO Patrick Grismer as CFO
Hyatt Hotels (H) announced the selection of Patrick J. Grismer as CFO, reporting to Mark Hoplamazian, president and CEO, effective March 14, 2016. Grismer joins Hyatt from his post as CFOat YUM! Brands, where he previously held a number of roles including chief planning and control officer and chief financial officer for YUM! Restaurants International.
February 4, 2016
09:51 EDTYUMYum! Brands: Economics in China 'not what they used to be'
09:39 EDTYUMYum! Brands says 2H operating profit to be 'directionally stronger' than 1H
Subscribe for More Information
09:24 EDTYUMYum! Brands sees China SSS up low single digits in Q1
Subscribe for More Information
06:15 EDTYUMYum! Brands names David Russell as interim CFO
Subscribe for More Information
February 3, 2016
16:24 EDTYUMYum! Brands reports Q4 China KFC SSS up 6%
Reports Q4 China Pizza Hut Casual Dining SSS down 8%.
16:22 EDTYUMYum! Brands backs FY16 ex-currency operating profit growth 10%
Subscribe for More Information
16:20 EDTYUMYum! Brands says China spin-off 'on track'
Subscribe for More Information
16:20 EDTYUMYum! Brands sees opening nearly 2,400 locations in 2016
Subscribe for More Information
16:19 EDTYUMYum! Brands reports China SSS up 2%
Subscribe for More Information
16:16 EDTYUMYum! Brands reports Q4 adjusted EPS 68c, consensus 66c
Reports Q4 revenue $3.95B, consensus $4.02B.
14:48 EDTYUMNotable companies reporting after market close
Subscribe for More Information
12:22 EDTYUMYum! Brands technical notes ahead of results
Subscribe for More Information
05:59 EDTYUMYum! Brands volatility elevated into Q4 and outlook
Yum! Brands February weekly call option implied volatility is at 86, February is at 44, March is at 34; compared to its 52-week range of 19 to 47, suggesting large near term price movement into the expected release of Q4 results today.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use