Thursday October 20, 2022, 07:00:00
On August 3rd, Yum Brands indicated that it anticipates the full-year 2022 impact on its operating profits from currencies to be in the -$70 million to -$90 million range. By our calculations, the EPS effect of this range would be -19 cents to -24 cents. However, since that date, currencies have continued to move against Yum Brands.
Thursday September 29, 2022, 07:00:00
Appearing at a competitor conference this past September 20th, Yum Brands CFO Chris Turner made some remarks about potential acquisitions: “We’re keeping our eyes open. To do something that’s a bet-of-the-company size, that would be a really, really high bar before we decide to do something like that. But, I think you could imagine us being really interested in a smaller brand like Habit [which Yum acquired in March 2020], and saying, how can we unlock growth? Of course, we’re always scanning categories. There’s lots of – we’re probably not going to do something that is directly competitive with our current categories or franchisees – but [there’s] a lot of interesting categories outside of that. We’re always looking at different spaces. The Mediterranean food space is interesting. There’s lots of interesting categories out there that we’re studying.”
Wednesday September 7, 2022, 07:00:00
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.
Wednesday January 8, 2025
Tuesday January 7, 2025
Monday January 6, 2025
Wednesday January 8, 2025
Tuesday January 7, 2025
Monday January 6, 2025