Yum Brands earnings miss estimates as KFC, Pizza Hut report same store sales declines

Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.

Business - CNBC - 1 hour ago

Yum Brands’ earnings fall short of estimates as Pizza Hut parent says consumers are still pressured

Only Taco Bell managed same-store sales gains.

Business - MarketWatch - 1 hour ago

Yum Brands and Burger King pull onions from select restaurants after McDonald's E. coli outbreak

Yum Brands said it has been monitoring the recently reported E. coli outbreak, which has been linked to Quarter Pounder burgers served at McDonald's.

Business - CNBC - October 25

Yum Brands pulls onions from select Taco Bell, KFC and Pizza Hut locations after McDonald's E. coli outbreak

Yum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald’s.

Chipotle misses revenue estimates as same-store sales growth disappoints

Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.

Business - CNBC - 6 days ago

McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms

Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.

Business - CNBC - October 29

McDonald's E. coli outbreak leads Burger King, others to pull onions from some menus

Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates

The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.

Business - CNBC - October 15

Wendy’s stock falls as same-restaurant sales miss again, by a wide margin

Shares of Wendy’s Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.

Business - MarketWatch - 5 days ago

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

Procter & Gamble said volume fell in its Greater China market despite the earnings beat.

Business - CNBC - October 18

After 40 Years, the Pizza Hut Book It! Kids Are All Right

Pizza Hut’s Book It! literacy program, founded in 1984, has reached more than 70 million students — and counts the radio host Charlamagne Tha God among its fans.

Business - The New York Times - 4 days ago

Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.

Business - CNBC - 6 days ago

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - 6 days ago

Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall

The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.

Business - CNBC - 4 days ago

We're buying more of a stock that has gone on sale since reporting earnings

The purchase will increase the stock's weighting in our portfolio to 2.75% from 2.58%.

Business - CNBC - October 14

Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes

The French luxury group posted third-quarter revenue below analysts’ estimates and said it expects operating profit to nearly halve this year.

Business - The Wall Street Journal - October 23

Revival of L.A. record store Licorice Pizza serves a slice of vinyl nostalgia

Under new owner Kerry Brown, the long-defunct record store chain reopened with a boutique record shop, a vinyl record pressing business and record label.

Entertainment - Los Angeles Times - October 14

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

Pfizer’s earnings crush estimates as company raises guidance

Drug company Pfizer saw strong growth for its heart-disease drugs and migraine treatment.

Business - MarketWatch - October 29

Comcast tops earnings estimates as Olympics propel the company

Comcast beat third-quarter earnings estimates as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count.

Business - CNBC - 5 days ago

McDonald’s suffers second straight decline in quarterly sales

US fast-food chain hit by weakness in international markets as it promotes more discount meals

Business - Financial Times - 6 days ago

Bed Bath & Beyond brand gets an in-store renaissance

Shoppers will be able to find Bed Bath & Beyond-branded products in stores again, at The Container Store locations.

PayPal shares fall on revenue miss, soft guidance

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.

Business - CNBC - 6 days ago

Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares

Warnings of slowing Azure growth and rising data centre costs damp initial optimism on tech giant’s quarterly earnings

Business - Financial Times - 5 days ago

Bud Light Owner's U.S. Sales Bounce Back After Boycott

After over a year of seeing its American sales hammered by a boycott, Anheuser-Busch InBev said its U.S. sales had bounced back, helping the Bud Light owner partly outweigh big drops internationally.

Business - The Wall Street Journal - 4 days ago

Coca-Cola tops earnings estimates, as higher prices offset sluggish demand

Shares of Coke have climbed 18% this year, raising the company's market value to nearly $300 billion.

Business - CNBC - October 23

AutoNation’s stock falls after earnings fall short of estimates

The new- and used-car retailer is still feeling the impact of a recent dealership-software outage.

Business - MarketWatch - October 25

Biogen’s stock hit by soft sales of Alzheimer’s treatment

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.

Business - MarketWatch - 6 days ago

Coinbase’s stock falls nearly 5% as earnings fall short of estimates

Coinbase Global Inc.’s stock fell in after-hours trading Wednesday, after the cryptocurrency exchange’s third-quarter profit and revenue fell short of estimates.

Business - MarketWatch - 5 days ago

Merck’s stock slides as Q3 earnings beat estimates, but company lowers guidance

Merck’s stock fell Thursday morning, despite the company beating profit and sales estimates for the third quarter.

Business - MarketWatch - 5 days ago

Bristol Myers’s stock pops as earnings top estimates and company raises guidance

The company says it “made important strides in the third quarter.”

Business - MarketWatch - 5 days ago

Avis’s stock slides after third-quarter earnings fall short of estimates

Avis Budget Group’s stock was falling in after-hours trade Thursday, after the car-rental company’s third-quarter earnings fell short of estimates.

Business - MarketWatch - 4 days ago

Exxon beats earnings estimates, increases fourth-quarter dividend

Exxon's stock rose in early trading after beating earnings expectations.

Business - CNBC - 4 days ago

China's September Auto Sales Reverse Five-Month Declines

China’s passenger-vehicle sales rose in September, reversing five months of declines thanks to supportive government policies and improving consumer sentiment.

Business - The Wall Street Journal - October 12

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