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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
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April 22, 2015
09:53 EDTYUMYum! Brands sees strong comp sales in China in Q2 vs. Q1
Sees investing $185M in KFC U.S. over the next three years, will invest about $100M this year. Sees Taco Bell commodity costs unchanged in 2015. Sees deflation in Taco Bell cheese prices in 2015.
09:36 EDTYUMYum! Brands says Q2 EPS may show steeper decline vs. prior year
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09:35 EDTYUMYum! Brands says Q2 EPS could lag prior year by about 20%
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09:22 EDTYUMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
07:42 EDTYUMYum! China margins very impressive, thesis gaining steam, says Oppenheimer
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07:33 EDTYUMYum! Brands price target raised to $110 from $100 at Stifel
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06:28 EDTYUMYum! Brands says China business recovering, Reuters reports
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April 21, 2015
19:06 EDTYUMOn The Fly: After Hours Movers
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17:17 EDTYUMYum! Brands says Q1 operating profit negatively impacted by $20M from FX
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16:40 EDTYUMYum! Brands reports Q1 China Division SSS down 12%
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16:35 EDTYUMYum! Brands CEO says on track to open 700 new restaurants in China in 2015
Greg Creed, CEO, said While EPS declined in the first quarter, Im pleased with the strong performance from our KFC and Taco Bell Divisions, as well as the continued progress we are making in China. Im confident we will deliver full-year EPS growth of at least 10%, with a strong second half in China and solid brand-building initiatives underway at each of our divisions. Our confidence in China is bolstered by improving sales and upward momentum in customer perceptions. China Division restaurant margins were a healthy 19% even though same-store sales declined 12%, reinforcing our belief in significant operating leverage as sales recover. We remain on track to open at least 700 new restaurants in China this year with strong returns, laying the groundwork for future growth."
16:25 EDTYUMYum! Brands up 4% following Q1 results, guidance
16:24 EDTYUMYum! Brands maintains FY15 EPS growth view of at least 10%, consensus $3.45
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16:20 EDTYUMYum! Brands reports Q1 adjusted EPS 80c, consensus 72c
Reports Q1 revenue $2.62B, consensus $2.64B.
15:28 EDTYUMNotable companies reporting after market close
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April 15, 2015
10:00 EDTYUMOn The Fly: Analyst Initiation Summary
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06:09 EDTYUMYum! Brands implied volatility of 30 at upper end of index
06:04 EDTYUMYum! Brands initiated with a Market Perform at Cowen
Target $81.

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