Yum! Brands Inc
California fast-food workers are getting a raise. Other businesses might have to catch up
An employee wearing protective gloves hands an order to a customer through a drive-thru window at a McDonald’s Corp. restaurant in Oakland, California, U.S., on Thursday, April 9, 2020. David Paul Morris | Bloomberg | Getty Images As fast-food chains in California start to pay their workers a higher minimum wage, other business owners across […]
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Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets
A KFC restaurant in Wuhan, China. Source: Yum China While economists and investors fret over China’s low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors’ concern about the broader Chinese economy, shares of Yum […]
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Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
A coalition of unions is laying out its case against Starbucks ahead of a proxy fight at its annual meeting in March, arguing the coffee giant has implemented a “flawed human capital management strategy” in response to a yearslong union movement. The Strategic Organizing Center claims the situation has put the company at reputational risk, […]
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S&P 500 rises, nears 5,000 level: Are living updates
The S&P 500 rose Wednesday and edged nearer to the 5,000 level for the first time and strike a new intraday history as traders parsed through yet another slate of quarterly benefits. The wide-dependent index, which initially breached the 4,000 amount in April 2021, included .8%, whilst the Nasdaq Composite jumped about 1%. The Dow Jones Industrial […]
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Stocks creating the biggest moves midday: Roblox, Enphase Power, Snap, Alibaba and much more
Verify out the firms producing the largest moves midday. Roblox — The movie recreation inventory soared 10% after the corporation posted a reduction of 52 cents per share, considerably less than the 55 cent for every share decline predicted from analysts polled by LSEG. Income, or bookings, also defeat anticipations, coming in at $1.13 billion […]
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Yum Brands disappoints as KFC, Taco Bell and Pizza Hut fall short of same-store sales expectations
KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales. Yum is the third global restaurant […]
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McDonald's and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
People dit at McDonald’s outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images McDonald’s and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of […]
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Wall Avenue heads into the 7 days in advance worrying the rally to document highs is managing out of steam
Wall Street continues to climb a wall of fret even as investors deliberate how significantly more time equities can preserve their report operate. The stock rally continued on Friday , with the main averages each individual advancing additional than 1% for the week, buoyed by robust final results from Meta and Amazon, as effectively as […]
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Slow Pizza Hut sales in the U.S. weigh on Yum Brands’ revenue
Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp | In Pictures | Getty Images Yum Brands on Wednesday reported quarterly revenue that fell short of analysts’ expectations, hurt by weak same-store sales growth at Pizza Hut. Shares of […]
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Coke and Pepsi stocks are both struggling — but one beverage giant has more to worry about than the other
Coca-Cola Co. and Pepsi Co. soda machines stand in a shopping center parking lot in Jasper, Indiana. Luke Sharrett | Bloomberg | Getty Images Coca-Cola and PepsiCo‘s rivalry spans decades, but Coke usually comes out on top. This quarter was no different. The beverage leaders’ stocks have struggled this year, hurt by higher interest rates […]
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