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Stock Market & Financial Investment News

News Breaks
July 17, 2014
09:36 EDTYUMYum! Brands Taco Bell breakfast option off to a 'great start'
The company said Taco Bell SSS only had 2% growth because Doritos Locos Tacos ultimately proved to be a niche menu item. Expects to reach 8,000 Taco Bell restaurant goal in the United States. Yum! Brands expects to have 1200 units in casual pizza dining, but is disappointed with Pizza Hut results in Q2. FY operating profit for Pizza Hut to fall well short of its original expectations. It intends to launch major initiatives beginning in Q4 to boost Pizza Hut sales, particularly in its advertising. It says it is bullish on its long-term plans for Pizza Hut based on the net unit growth. Expects a strong bounce back year from China in KFC. Comments taken from Q2 earnings conference call.
News For YUM From The Last 14 Days
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October 23, 2014
08:01 EDTYUMMcDonald's pressured by rising competition in China, WSJ says
In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link

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