Yum! Brands (YUM) Pops on Better China Sales
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March 13, 2013 12:40 PM EDT
Yum! 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
March 12, 2013 10:10 AM EDT
Goldman 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
March 12, 2013 7:29 AM EDT
Jefferies 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
March 11, 2013 4:20 PM EDT
Yum! 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
