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News Breaks | | | | February 5, 2013 | | 06:39 EDT |  | YUM | Yum! Brands downgraded to Neutral from Outperform at RW Baird
Baird downgraded Yum! Brands given low visibility regarding the outlook for China following reduced guidance. Price target cut to $60 from $72. | |
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News For YUM From The Last 14 Days Check below for free stories on YUM the last two weeks. |
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| 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. | | | May 10, 2013 | | 16:32 EDT | | YUM | Yum! Brands April same-store sales for China division down 29%
Subscribe for More Information | | | 09:49 EDT |  | YUM | Yum! Brands embarking on media campaign in China, Reuters reports
Subscribe for More Information | | | 07:35 EDT | | YUM | Yum! Brands cleared in China after meat safety concern, WSJ says
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