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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.
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August 31, 2014
13:49 EDTYUMNomura to hold a forum
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August 19, 2014
06:02 EDTYUMTaco Bell introducing dollar menu, LA Times reports
Taco Bell (YUM) is introducing its new Dollar Cravings menu, which features 11 items, the LA Times reports. McDonald's (MCD) and Wendy's (WEN) both offer dollar menus. Reference Link

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