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Yum! Brands Inc (YUM)

YUM on New York Consolidated

72.09USD
26 May 2017
Change (% chg)

$-0.04 (-0.06%)
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Latest Key Developments (Source: Significant Developments)

Restaurant Brands New Zealand says YUM! approves Pacific Island Restaurants acquisition
Thursday, 2 Mar 2017 05:19pm EST 

Restaurant Brands New Zealand Ltd - : YUM! approves acquisition of Pacific Island Restaurants Inc . Received approval from YUM! (subject to payment of all fees on settlement) to proceed with transaction . Settlement is expected to occur within next two weeks. . "NPAT (excluding non-trading) will be at lower end of previously announced $30-32 million guidance" ."Delay in settlement means that there was no contribution from Hawaiian Operations in FY ended 27 February 2017".  Full Article

Yum Brands reports changes to board of directors
Thursday, 16 Feb 2017 05:44pm EST 

Yum! Brands Inc : Yum! Brands announces changes to board of directors .Yum Brands - Keith A. Meister, managing partner of Corvex Management Lp, has elected to step down from its board of directors.  Full Article

Third Point cuts share stake in Facebook, dissolves share stake in Yum Brands
Friday, 10 Feb 2017 04:44pm EST 

Third Point LLC : dissolves share stake in Yum Brands Inc - SEC filing . takes share stake of 3.0 million shares in Time Warner Inc - sec filing . cuts share stake in Facebook Inc by 35.8 percent to 3.5 million class A shares . ups share stake in Constellation Brands Inc by 36.4 percent to 3.0 million class a shares - SEC filing . takes share stake of 400,000 shares in Goldman Sachs Group Inc - SEC filing .change in holdings are as of Dec 31, 2016 and compared with the previous quarter ended as of Sept 30, 2016.  Full Article

Yum! Brands posts Q4 adj. earnings $0.79/shr from continuing operations
Thursday, 9 Feb 2017 07:00am EST 

Yum! Brands Inc : Yum! Brands reports fourth-quarter GAAP operating profit growth of 14 pct; delivers fourth-quarter core operating profit growth of 27 pct; on track with strategic transformation to accelerate growth . Q4 earnings per share $0.79 from continuing operations excluding items . Q4 GAAP earnings per share $0.76 from continuing operations . Q4 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Qtrly total revenues $2,024 million versus $1,976 million . Q4 worldwide system sales grew 8 percent . Says as of December 31, 2016, there was $1.9 billion remaining in share repurchase authorization through year end 2017 . Yum Brands - "KFC and Taco Bell had relatively strong performance in December, despite difficult U.S. industry conditions" . Yum Brands - there is no change to long-term guidance . Yum Brands says "we are confident in our three-year plans" .Q4 revenue view $2.09 billion -- Thomson Reuters I/B/E/S.  Full Article

Yum Brands says board approves change in fiscal year
Tuesday, 31 Jan 2017 04:38pm EST 

Yum! Brands Inc : Yum Brands- on jan 27, board approved change in fiscal year to year beginning on jan 1 and ending dec 31 of each year - sec filing . Yum Brands says to move from 52-week periodic fiscal calendar with three 12-week interim quarters and a 16-week fourth quarter . Yum Brands says transition requires adding 53rd week every five or six yrs, to monthly reporting calendar with each quarter comprised of three months . Yum brands - co's u.s. Subsidiaries to continue reporting under 52-week fiscal calendars ending in late dec . Yum! brands - change in co’s fiscal year was made to accommodate removal of reporting lags from international subsidiary fiscal calendars . Yum Brands - change to co’s fiscal year is effective in 2017 and does not impact the company’s results for the fiscal year ended december 31, 2016 .Yum Brands - however, co will restate previously issued financial statements when presenting financial statements under new calendar in 2017.  Full Article

Yum! Brands declares first dividend since separation of China business
Wednesday, 21 Dec 2016 04:15pm EST 

Yum! Brands Inc : yum! brands inc says declared company's first dividend since separation of its china business of $0.30 per share of common stock .yum! brands, inc. Declares first dividend since separation of china business.  Full Article

YUM! Brands says offered voluntary retirement program to certain U.S. employees
Tuesday, 11 Oct 2016 06:20pm EDT 

YUM! Brands Inc : During the quarter ended September 3, 2016, YUM offered a voluntary retirement program to certain U.S. employees . YUM! Brands - Voluntary retirement program to provide separation pay and benefits to employees who elected to voluntarily separate from YUM . YUM! Brands - Incurred pre-tax costs of $26 million and $32 million for quarter and year to date, respectively, related to U.S. voluntary retirement program Source: (http://bit.ly/2dZzTWe) Further company coverage: [YUM.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Yum Brands expects to record Q4 charge of $30 mln-$50 mln from early payout of pension benefits
Tuesday, 11 Oct 2016 05:36pm EDT 

Yum! Brands Inc : On September 8, 2016, began informing certain former employees of opportunity to voluntarily elect an early payout of pension benefits . Expects to make lump sum payments and commence monthly annuity payments on pension benefits payout beginning december 2016 - sec filing .Expects to record pre-tax non-cash settlement charge in q4 of $30 million-$50 million from early payout of pension benefits- sec filing.  Full Article

Yum! Brands Inc says Yum China expects to begin trading as independent co beginning Nov. 1, 2016
Tuesday, 11 Oct 2016 07:31am EDT 

Yum! Brands Inc :Yum! Brands Inc - Yum China expects to begin trading as independent co beginning Nov. 1, 2016, on New York Stock Exchange under ticker symbol "YUMC".  Full Article

Yum! Brands Inc expects to return $13.5 bln to shareholders between Q4 2015 and 2019
Tuesday, 11 Oct 2016 07:30am EDT 

Yum! Brands Inc : Yum! Brands details transformation plans to drive growth of Kfc, Pizza Hut And Taco Bell after china separation at annual investor conference today . Yum! Brands Inc - reducing annual capital expenditures from about $500 million (2015 pro forma post-separation) to about 100 million (FYE 2019) . Yum! Brands Inc - reducing G&A by a cumulative about $300 million by FYE 2019 . Yum! Brands Inc - now expects to return a total of $13.5 billion (including dividends) between Q4 2015 and 2019 .Yum! Brands Inc - Yum Brands will increase franchise restaurant ownership from 77% currently to 93% at time of separation of china business.  Full Article

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BRIEF-Yum Brands Inc declares quarterly dividend of $0.30/shr

* Yum Brands Inc declares quarterly dividend of $0.30 per share