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Yum! Brands Inc (YUM.N)

YUM.N on New York Stock Exchange

78.60USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Yum! Brands announces authorization of up to $1.5 bln in share repurchases
Friday, 17 Nov 2017 09:00am EST 

Nov 17 (Reuters) - Yum! Brands Inc :Yum! Brands, Inc. announces authorization of up to $1.5 billion in share repurchases.Yum Brands - ‍authorized repurchases of up to $1.5 billion in shares of common stock through year end 2018​.Yum Brands - ‍repurchases of up to $1.5 billion in shares of common stock is in addition to prior outstanding authorization​.  Full Article

Yum! Brands Q3 earnings per share $1.18
Thursday, 2 Nov 2017 07:00am EDT 

Nov 2 (Reuters) - Yum! Brands Inc :Yum! Brands reports third-quarter GAAP operating profit growth of 61%; delivers third-quarter core operating profit growth of 11%; maintains full-year core operating profit growth guidance.Q3 earnings per share $0.68 excluding items.Q3 GAAP earnings per share $1.18.Yum Brands - ‍maintaining our full-year 2017 guidance and remain on-track with our multi-year transformation strategy​.Qtrly ‍worldwide system sales grew 6%, with KFC at 7%, Taco Bell at 6% and Pizza Hut at 3%​.Q3 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Yum Brands - qtrly total revenues $1,436‍​ million versus $1,518 million last year.Q3 revenue view $1.39 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.81, revenue view $5.83 billion -- Thomson Reuters I/B/E/S.  Full Article

Yum! Brands declares qtrly dividend of $0.30 per share
Monday, 23 Oct 2017 04:15pm EDT 

Oct 23 (Reuters) - Yum! Brands Inc ::Yum! Brands, Inc declares quarterly dividend of $0.30 per share.  Full Article

Collins Foods says unit ‍completes acquisition of five KFC restaurants
Sunday, 22 Oct 2017 09:25pm EDT 

Oct 23 (Reuters) - Collins Foods Ltd :Unit ‍completed acquisition of five KFC restaurants located in south australia from a subsidiary of Yum! Brands Inc​.  Full Article

Telepizza in talks with Yum! Brands to operate Pizza Hut stores‍​
Tuesday, 3 Oct 2017 01:46am EDT 

Oct 3 (Reuters) - TELEPIZZA GROUP SA ::SAYS IN TALKS WITH YUM! BRANDS INC. REGARDING CONDITIONS UNDER WHICH THE COMPANY COULD OPERATE PIZZA HUT STORES IN VARIOUS MARKETS, INCLUDING LATIN AMERICA, TOGETHER WITH OTHER COLLABORATION SCHEMES BETWEEN TELEPIZZA AND PIZZA HUT‍​.SAYS ACQUISITION BY YUM! BRANDS, INC. OF A STAKE IN TELEPIZZA GROUP IS NOT BEING CONTEMPLATED.THE TALKS ARE ONGOING AND IT CANNOT BE ASSURED THAT THERE WILL BE AN AGREEMENT BETWEEN BOTH COMPANIES.  Full Article

Yum Brands Q2 GAAP EPS $0.58‍​
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Yum! Brands Inc :Yum Brands - second-quarter gaap eps was $0.58‍​.Yum Brands - second-quarter eps excluding special items was $0.68‍​.Q2 earnings per share view $0.61 -- Thomson Reuters I/B/E/S.Yum Brands qtrly worldwide system sales grew 6 percent, with KFC and Taco Bell at 7% and Pizza Hut at 2%.‍​.Yum Brands - maintains full-year core operating profit growth guidance.Yum Brands - foreign currency translation negatively impacted gaap operating profit by $6 million‍​ in quarter.Qtrly total revenues $1.45 billion versus $1.51 billion ‍​.Q2 earnings per share view $0.61, revenue view $1.42 billion -- Thomson Reuters I/B/E/S.Yum brands - during the quarter, recorded a non-cash charge of $16 million in special items.  Full Article

Yum! Brands Inc announces pricing of notes offering
Monday, 12 Jun 2017 05:30pm EDT 

June 12 (Reuters) - Yum! Brands Inc : :Yum! Brands Inc announces pricing of notes offering.yum! Brands Inc announces pricing of notes offering.Yum Brands says aggregate principal amount of notes to be issued in offering was increased to $750 million from previously announced $500 million.Yum Brands - notes will be sold to investors at par.Yum Brands - units have priced notes offering and have agreed to issue and sell $750 million aggregate principal amount of 4.75pct senior notes due 2027.Yum Brands - subsidiaries priced previously announced notes offering,agreed to sell $750 million aggregate principal amount of 4.75pct senior notes due 2027.Yum Brands - closing of notes offering is scheduled to occur on June 15, 2017, subject to customary closing conditions.  Full Article

Yum Brands announces proposed notes offering
Monday, 12 Jun 2017 07:40am EDT 

June 12 (Reuters) - Yum Brands Inc ::Yum! Brands Inc announces proposed notes offering.Yum Brands - units KFC holding, Pizza Hut holding, Taco Bell Of America, commenced offering of $500 million of senior notes due 2027​.Yum Brands - net proceeds will be used to pay fees and expenses of offering, to repay outstanding amounts under issuers' revolving credit facility.Yum Brands - remainder of net proceeds to be used to make cash distribution to co to fund share repurchases, dividends and/or repayment of indebtedness.  Full Article

Yum Brands says certain units entered refinancing amendment - SEC filing
Thursday, 8 Jun 2017 06:07pm EDT 

June 8 (Reuters) - Yum! Brands Inc ::On June 7 Pizza Hut Holdings, KFC Holding, Taco Bell Of America entered into a refinancing amendment - SEC filing.Amendment reduces interest rate applicable to term a loan and for borrowings under revolving facility by 0.75% to adjusted LIBOR plus 1.50%.Under amendment company repriced its existing approximately $500 million term loan a facility and $1 billion revolving facility.Maturity date for the term A loan and the revolving facility has been extended to June 7, 2022 pursuant to the amendment.  Full Article

Taco Bell plans to reach $15 bln in global system sales by 2022
Thursday, 25 May 2017 05:00pm EDT 

May 25 (Reuters) - Yum! Brands Inc :Taco bell outlines restaurant growth plan to reach $15 billion in global system sales by 2022.Taco bell corp says will focus its "growth" in brazil, canada, china and india, targeting at least 100 restaurants in each market.Taco bell - ‍by 2022, expects at least 300 of new locations to be urban inline restaurants in markets with "great growth potential​".Taco bell corp says plans to grow approximately 9,000 restaurants globally in next five years.  Full Article

BRIEF-Yum! Brands announces authorization of up to $1.5 bln in share repurchases

* Yum! Brands, Inc. announces authorization of up to $1.5 billion in share repurchases