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Yum, YUM: Rats don't scare stock, up 6% after Q1 earnings

Posted May 2nd 2007 3:40PM by Sarah Gilbert (RSS feed)
Filed under: Major Movement, Earnings Reports, Yum Brands (YUM)

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.]

McDonald's welcomes more unions to Chinese stores

Posted Apr 9th 2007 10:22AM by Michael Fowlkes (RSS feed)
Filed under: Law, Rants and Raves, Wal-Mart (WMT), China, Employees, Scandals, McDonald's (MCD), Yum Brands (YUM), Politics

McDonald's Corp. (NYSE: MCD) announced today that it is working hard at establishing a greater union presence at some of its stores in China. This move comes following news a couple weeks ago that McDonald's, KFC, and Yum Brands Inc.'s (NYSE: YUM) Pizza Hut weren't paying their employees enough.

McDonald's isn't the first major U.S. company to feel the pressure to unionize. Last year Wal-Mart Stores Inc. (NYSE: WMT) allowed unions at each of its 62 stores in the country.

While public pressure definitely got turned up a notch with the recent pay allegations, McDonald's decision to allow a greater union presence is not just a reaction to this recent development. The company already has unions in place in some of its restaurants and has been working hard since last November at increasing the existence of unions in its restaurants across the country.

Continue reading McDonald's welcomes more unions to Chinese stores

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