Yum Brands
Yum Brands, Mead Johnson score in China
Yum Brands and Mead Johnson are among the companies best placed to make progress in China, according to a new report.
Bloomberg, the business news service, assessed 113 firms based in China or drawing at least 25% of revenues from the country. It divided overall stock returns by daily variations in their share prices to determine the "income per unit of risk" for investors.
Yum Brands to add at least 600 more outlets across China this year
Fast-food chain giant Yum Brands will add at least 600 more outlets across China this year on the back of continued strong sales growth in the world's second largest economy.
US-based Yum Brands, owner of the popular KFC and Pizza Hut chains, launched in China a record 656 new restaurants last year and posted a 21 percent increase in same-store transactions – a measurement of revenue from stores opened for a year or more – during the same period.
Consumers in driving seat
Rising profits in China for Yum Brands and slowing sales for electrical-equipment maker Eaton are signs of a shift in the mainland economy towards one driven more by consumers.
Yum, the operator of Pizza Hut and KFC restaurants, is counting on rising incomes in the world's second-largest economy and said one measure of operating profit rose 14 percent in the first quarter. Eaton cited the same "fundamental change" in the economy towards consumption for weakness in its business there.
Yum China disappoints as Chinese growth cools
KFC parent Yum Brands' first-quarter restaurant sales in China slightly missed analysts' lofty expectations for the market that accounts for more than 40 percent of the company's profits.
Expectations were high going into the quarter despite a slight cooling in economic growth in China, which accounts for just over 40 percent of Yum's overall profits.
Yum for the first time reported its results from India as a stand-alone unit. The company's more than 400 outlets there saw same store-sales rise 8 percent.
Yum eyes young India to help mirror China profits
KFC and Pizza Hut parent Yum Brands is hoping the Western fast-food phenomenon reaches millions more Indians as it tries to mirror the success story of China, which now contributes half of its operating profit.
Yum is targeting Indian students and young office workers with adaptations of popular Western fast-food products designed to appeal to their unique tastes – and the nation's many vegetarians: Tandoori paneer pizza or vegetable "Zinger" burgers anyone?
By 2020 Yum expects to have 2,000 restaurants in India, up from 374 now.
Little Sheep dressed for Yum! takeover
Yum! Brands, the world's biggest operator of fast food restaurants, will complete its takeover and privatisation of Little Sheep Group next week after getting the go-ahead to withdraw the Chinese hotpot chain's shares from Hong Kong's main board.
In a joint announcement yesterday, Little Sheep, Yum! Brands and its wholly owned subsidiary Wandle Investments said the Hong Kong stock exchange had approved the withdrawal of listing with effect from 4pm on February 2.
Yum plans to more than double its China restaurants by 2020
Yum! Brands, the operator of KFC, Pizza Hut and Taco Bell, plans to become the McDonald's of China, blanketing the country's second and third-tier cities with its fast-food restaurants over the next decade, according to its CEO.
David Novak, Yum's CEO, said on Wednesday that Yum plans to more than double its China restaurants by 2020, when it hopes to have 9,000 across the country. Meanwhile, the company is paring back its ownership of restaurants in developed markets as it accelerates its emerging markets push.
Yum Brands sees profits jump as Chinese sales increase
Fast food giant Yum Brands has reported a jump in third-quarter profit as sales at its Chinese outlets continue to grow.
Yum reported a net profit of USD383 million in the three months to 3 September, up from USD357m last year.
The owner of Pizza Hut and KFC said same-store sales in China rose 19 percent during the period.
Yum raises full-year earnings forecast based on strength in China
KFC parent Yum Brands raised its full-year earnings forecast after China helped deliver quarterly earnings for the company that topped Wall Street's forecast.
Yum, based in Louisville, Kentucky, has more than 4,000 restaurants, mostly KFC outlets, in China. It is the largest Western restaurant brand in China, with far more restaurants than rivals like McDonald's and Starbucks.
Based on strength in China and other international markets, Yum raised its full-year earnings per share growth forecast to at least 12 percent from at least 10 percent previously.
Yum Brands makes preliminary proposal to acquire China's Little Sheep Restaurants
Yum Brands has announced that it has submitted a preliminary proposal to the Chinese restaurant chain Little Sheep Group Limited under which Yum Brands would offer to acquire all outstanding shares of Little Sheep, other than a minority interest to be held by the chairman and other founding shareholders of Little Sheep.
Little Sheep owns and operates Hot Pot concept restaurants primarily in China and is headquartered in Baotou, Inner Mongolia.
