Yum! Brands (YUM) Pops on Better China Sales
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Yum! Brands (YUM) Sees Mid-Single-Digit EPS Decline in China Through FY13
March 13, 2013 12:40 PM EDTYum! Brands, Inc. (NYSE: YUM) sees opening 20,000 KFC stores and expects mid-single-digit EPS decline in 2013 in China.
The company is also testing American-style breakfast at Pizza Hut.
Comments are being made by CEO David Novak during an investor webcast today.
Yum! shares are up 0.8 percent Wednesday.... More
Goldman Sachs Raises Price Target on Yum! Brands (YUM) as PR Issues Fade
March 12, 2013 10:10 AM EDTGoldman Sachs today maintained a Neutral rating on Yum! Brands (NYSE: YUM) and raised its price target to $65.00 (from $63.00). Yesterday Yum! Brands reported China comps. Adjusted for the New year shift, same-store-sales declined 13 percent in February compared to a decline of 22 percent in... More
Jefferies Bumps Price Target on Yum! Brands (YUM), Says Stock Already Reflects Turnaround
March 12, 2013 7:29 AM EDTJefferies raised its price target on Yum! Brands (NYSE: YUM) from $54 to $60 following China SSS but kept a Hold rating saying the stock already reflects a smooth turnaround.
The firm comments, "February SSS for KFC China were better than expected... More
Yum! Brands (YUM) China SSS Down 20%
March 11, 2013 4:20 PM EDTYum! Brands, Inc. (NYSE: YUM) first quarter same-store sales declined an estimated 20% for the China Division, versus the estimate of a drop of 25%. This included estimated declines of 24% at KFC and 2% at Pizza Hut Casual Dining. Consistent with prior years, the first... More
