BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Yum, YUM: Rats don't scare stock, up 6% after Q1 earnings]]>http://www.bloggingstocks.com/2007/05/02/yum-yum-rats-dont-scare-stock-up-6-after-q1-earnings/http://www.bloggingstocks.com/2007/05/02/yum-yum-rats-dont-scare-stock-up-6-after-q1-earnings/http://www.bloggingstocks.com/2007/05/02/yum-yum-rats-dont-scare-stock-up-6-after-q1-earnings/#commentsFiled under: , ,

Yum! Analysts and investors alike eagerly gobbled up the first quarter earnings surprise for Yum! Brands (NYSE: YUM), sending the stock up 6%, to $66.91 as of late afternoon, an increase of $3.79. The shares were briefly over $69, an all-time high for the company. The 70 cents-per-share profit was a 14% increase from the year-ago quarter and six cents ahead of analyst consensus.

The favorable results are even more of a surprise given that Yum! has taken several hits with its brands this year, from a rat infestation at a combined Taco Bell/KFC restaurant in New York to a lawsuit over the E-coli outbreak of Q4 2006, and has yet to discover any benefit from the removal of trans fat at its KFC restaurants.

Despite all the world's concentration on the obesity epidemic, the rise in popularity of organic foods, and the general frowning-upon marketing of fast food and other unhealthy choices to children; it seems like a great time to be the owner of some fast food stock.

[Photo kanepsphotography.]

Yum, YUM: Rats don't scare stock, up 6% after Q1 earnings originally appeared on BloggingStocks on Wed, 02 May 2007 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bellchickenearningsfast foodFastFoodfriedhutkentuckykentucky fried chickenKentuckyFriedChickenkfcpizzapizza hutPizzaHutstock upStockUptacotaco bellTacoBellyumyum stockyum!YumStockWed, 02 May 2007 15:40:00 EST