Yum! Brands Inc
From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024
A “location closed” sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty Images A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown […]
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Here’s a rapid-fire update on what Trump will mean for all 33 portfolio stocks
Here’s a rapid-fire update on all the stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. During the November Monthly Meeting on Thursday, Jim looked at how Donald Trump’s return to the White House could impact each company — good, bad or not much at all. Apple : If […]
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‘Two-stocks’ are better than one? Repacking ‘pair trades’
The exchange-traded fund industry is trying to make pair-trade strategies more accessible to everyday investors. Tidal Financial Group’s Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other. “They should come out probably in about two or three months,” Venuto, the firm’s chief investment officer and co-founder, said on CNBC’s […]
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Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines
Budrul Chukrut | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street’s expectation as same-store sales at KFC and Pizza Hut slid more than expected. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.37 adjusted […]
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Election next week holds big implications for stock market, especially the control of Congress
A split or united government coming out of a consequential U.S. presidential election next week could hold the key to how stocks perform going forward. The Nov. 5th election is set to remove a critical overhang for markets, which have had trouble pricing in a victory for either former President Donald Trump or Vice President […]
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A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images On Starbucks’ fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges. The company’s same-store sales in the country plummeted 14% as foot traffic and the […]
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7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping that some easy tweaks to its U.S. […]
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CDC says 75 people affected in E. coli outbreak linked to McDonald’s Quarter Pounders
A quarter pounder with cheese, fries, and a drink arranged at a McDonald’s restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images A deadly E. coli outbreak linked to McDonald‘s Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control […]
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Yum Brands pulls onions from select Taco Bell, KFC and Pizza Hut locations after McDonald’s E. coli outbreak
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Justin Sullivan | Getty Images Yum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald’s. “As we continue to monitor the recently reported E. coli […]
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Starbucks taps former Chipotle executive as global chief brand officer
Tressie Lieberman, the incoming global chief brand officer at Starbucks. Courtesy: Starbucks Starbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change under Brian Niccol after he left Chipotle and took over as CEO of the coffee chain last month. In Niccol’s first […]
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