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JPMorgan Chase & Co. raised its price target for Yum! Brands from $138 to $160, maintaining a "neutral" rating, suggesting a potential upside of 1.44%. Other firms like Goldman Sachs and Barclays also adjusted their targets, with a consensus rating of "Hold" and an average target price of $151.79. Yum! Brands' stock recently traded at $157.73, with significant insider selling reported.
Yum! Brands, a leading global fast-food group, operates and franchises restaurants under KFC, Pizza Hut, Taco Bell, and The Habit Burger. As of the end of 2021, the company had 52,373 franchises, 1,051 directly-operated restaurants, and generated 55.4% of its sales in the United States. Franchise and license revenues account for 44% of total sales, with direct restaurant sales contributing 32%.
Yum! Brands, Inc., a leading global fast food company, operates well-known franchises including KFC, Pizza Hut, Taco Bell, and The Habit Burger. As of 2021, the company had 52,373 franchised restaurants, generating 44% of its revenue from franchising, while the U.S. contributed 55.4% of net sales.
The Global Instant Food Market is projected to grow from $200 billion in 2024 to $340 billion by 2032, with a CAGR of 5.9%. This growth is driven by busy lifestyles, rising incomes, and urbanization, alongside trends for organic options and sustainable packaging. Key players include Nestlé, Unilever, and Kellogg's, with North America leading the market and Asia-Pacific as the fastest-growing region.
Yum! Brands, Inc. reported a quarterly EPS of $1.37, missing estimates, with revenue of $1.83 billion, below expectations. The company announced a quarterly dividend of $0.67 per share, yielding 1.93%. Analysts maintain a "hold" rating, with a consensus target price of $145.94.
Yum Brands reported third-quarter earnings that fell short of expectations, with KFC and Pizza Hut experiencing significant same-store sales declines of 4%. The company’s net income dropped to $382 million, impacted by geopolitical tensions and shifting consumer sentiment, particularly in the Middle East. In contrast, Taco Bell achieved a 4% growth in same-store sales, driven by new menu items and strong value perception among consumers.
Yum! Brands Inc. reported a 2% decline in overall comparable sales for the third quarter, falling short of Wall Street expectations. KFC experienced its third consecutive quarterly decline, while Taco Bell's sales rose 4%, surpassing forecasts. Ongoing challenges at Pizza Hut and KFC continue to impact the company's performance.
Stocks slipped ahead of Election Day, with four states voting on cannabis legalization, boosting investor sentiment in the sector. Canopy Growth rose 24% in a month, while other cannabis-related stocks also saw gains. Energy Recovery reports earnings, with its stock up 3.5% over three months, while Super Micro faced challenges, plummeting 78% from its March high.
Starbucks CEO Brian Niccol is implementing a turnaround strategy to address declining sales, focusing on improving service speed and consistency by streamlining the menu and enhancing mobile order accuracy. The company plans to reintroduce condiment bars, revamp store designs for a more welcoming atmosphere, and target a broader audience in its marketing efforts. Additionally, starting November 7, Starbucks will eliminate extra charges for milk substitutes, aiming to improve customer perception of pricing.
Yum! Brands Inc. has removed fresh onions from select Taco Bell, Pizza Hut, and KFC locations due to an E. coli outbreak. The decision was made "out of an abundance of caution," although the company did not specify which stores or regions were impacted or identify the suppliers involved.
Yum! Brands, Inc.
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