Wednesday September 7, 2022, 07:00:00
By Mark Kalinowski
Yum Brands’ quick-service Mexican concept Taco Bell acknowledges that the official return date for its Mexican Pizza will be Thursday, September 15th (with loyalty program members getting early access on September 13th). Mexican Pizza was a permanent menu item from its inception in 1985 (when it was known as “Pizzazz Pizza”) until its discontinuation in November 2020. This discontinuation caused a social-media uproar, when eventually led to Mexican Pizza being reintroduced in mid-May 2022.
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Wednesday August 3, 2022, 10:25:44
By Mark Kalinowski
Earlier today (Wednesday), Yum Brands reported adjusted Q2 EPS of $1.05, falling short of our $1.13 estimate and sell-side consensus (according to Consensus Metrix) of $1.10. We attribute the shortfall primarily to: (1) weaker-than-expected same-store sales at KFC and Pizza Hut (including both brands in China and the U.S.), and (2) a Q2 adjusted tax rate of 24.3% (as compared to our 21.6% estimate and consensus at 21.7%. The tax-rate difference cost Yum Brands about -4 cents in Q2 EPS, implying that Q2 EPS would have been only one cent short of consensus excluding this factor.
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Tuesday May 31, 2022, 07:00:00
By Mark Kalinowski
Taco Bell’s Mexican Pizza was on its menu from 1985-2020, and then unceremoniously dumped. It was officially brought back nationwide this past May 19th — 12 days ago — with early access provided to Taco Bell app users starting two days before that. It appears that Mexican Pizza has sold quite briskly over the last 12-14 days, with many Taco Bells already selling out of the menu item.
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