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Yum! Brands latest news:
Taco Bell to add 300 urban locations by 2022
Taco Bell, the Yum Brands Inc. Mexican chain, plans to add 300 restaurants in urban areas by 2022. New York is seen as the quick-service brand's largest market opportunity, the company said, with about 50 planned for the city's five boroughs. Five restaurants will be complete by early 2018. Four of them will be Cantina locations, which serve alcohol, and one will be an "Urban In-line" location that does not. In addition to New York, Chicago, Detroit and Boston are among the areas of focus. About 20 of the locations will be in Chicago, with eight Cantinas planned by the end of 2018. Both Cantina and In-line locations have opened nationwide since 2015. Taco Bell plans to grow to about 9,000 global locations in the next five years from more than 7,000 currently, and it plans to create about 100,000 new jobs. Yum Brands shares are up 19.6% for the year so far while the S&P 500 index is up nearly 12% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Pizza Wars: Why Domino's could pass Pizza Hut as industry leader
With competition among pizza restaurant chains at a fever pitch, Yum Brands Inc.’s (NYSE:YUM) venerable Pizza Hut brand is turning to technology to help reverse sagging sales and maintain its dwindling lead on rivals Domino’s (NYSE:DPZ) and Papa John’s (NASDAQ:PZZA).
Yum sees sales rise at Taco Bell, fall at Pizza Hut
Yum Brands sees sales fall at established Pizza Huts, but rise at Taco Bell and KFC
Yum profit falls 40 percent, hurt by weakness at Pizza Hut
Yum Brands said Thursday that its profit fell nearly 40 percent in its second quarter, hurt by weak performance at its Pizza Hut chain.
Pizza Hut launches loyalty program, Hut Rewards
Pizza Hut, a Yum Brands Inc. chain, said Tuesday that it is launching a loyalty program, Hut Rewards, that offers points for every dollar spent online. A medium pizza can be earned at 200 points, a large at 250 points. Pizza Hut will offer double points between August 10 and October 1. Points are earned and redeemed through online or mobile orders only. Pizza Hut recently announced it will hire 14,000 drivers by year-end to help with deliveries. Yum shares are unchanged in premarket trading, and up 19.2% for the year so far. The S&P 500 index is up 10.3% for 2017 so far.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Shares of Yum China drop following second-quarter results
Shares of Yum China Holdings Inc. fell in Wednesday's extended session after the fast-food chain posted in-line earnings but flat revenue growth. The operator of KFC and Pizza Hut in China reported its second-quarter earnings rose to $107 million, or 27 cents a share, from $77 million, or 21 cents a share, a year earlier. Revenue, however, remained at $1.59 billion while same-stores sales grew 3%. Analysts surveyed by FactSet had forecast earnings of 27 cents on revenue of $1.6 billion. Yum China had spun off from Yum Brands late last year. Yum China shares slid 5% while Yum edged down 0.3% after hours.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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