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Stock Market & Financial Investment News

News Breaks
July 30, 2014
17:35 EDTYUMYum! says OSI had 'significant, negative impact' to China SSS
Yum! Brands said: "On July 20th, an undercover report was televised in China depicting improper food handling practices by supplier Shanghai Husi, a division of OSI. Subsequently, the Shanghai FDA launched an investigation into this matter, alleging illegal activity. Upon learning of this, we immediately terminated our relationship with OSI globally, with minimal disruption to our menu offerings in China. While OSI was not a major supplier to Yum! Brands, these events triggered extensive news coverage in China that has shaken consumer confidence, impacted brand usage, and disparaged the hard work of our over 400,000 Chinese employees. The result has been a significant, negative impact to same-store sales at both KFC and Pizza Hut in China over the past 10 days. Yum! Brands is outraged by the alleged illegal activity by Shanghai Husi and its violations of our standards. We reserve the right to take full legal action for the impact this has had to our business once the Shanghai FDA investigation is complete. At this point, it is too early to know how quickly sales will rebound in China and the corresponding full-year financial impact to Yum! Brands. However, if the significant sales impact is sustained, it will have a material effect on full-year earnings per share. We will provide additional perspective on this matter during our third-quarter earnings call in October. Our brands have proven resilient over time and we expect this to be the case with this situation as well."
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.
April 13, 2015
14:29 EDTYUMYum! Brands volatility increases into Q1 and outlook
Yum! Brands April call option implied volatility is at 37, April weekly is at 41, May is at 28; compared to its 26-week average of 22 according to Track Data, suggesting large price movement into the expected release of Q1 results on April 22.
06:02 EDTYUMYum! Brands implied volatility of 29 at upper end of index

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