Latest in Yum Brands earnings miss estimates as KFC, Pizza Hut report same store sales declines
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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 - November 5 -
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 - November 5 -
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.Top stories - NBC News - October 24 -
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 - October 30 -
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.Top stories - CBS News - October 24 -
Airbnb misses on earnings but squeaks in a revenue beat
Airbnb reported third-quarter earnings Thursday that showed revenue up 10% year over year.Business - CNBC - November 7 -
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 - October 31 -
Temu owner PDD misses sales estimates amid China slowdown
Shares drop after tech group warns on ‘intensified competition’World - Financial Times - 7 hours ago -
Advance Auto Parts to Close Stores as Sales Outlook Misses Views
Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.Business - The Wall Street Journal - November 14 -
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Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer
Pizza chain says it’s still operating in a challenging consumer environment.Business - MarketWatch - November 7 -
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 - November 1 -
UK Pizza Hut to raise funds after Budget tax hikes
The money could come from a sale of part of the business, or new investment from existing shareholders.Top stories - BBC News - 5 days ago -
Block reports revenue miss but a slight beat on earnings
Shares of Square parent Block tumbled in extended trading on Thursday after the company reported disappointing revenue for the third quarter.Business - CNBC - November 8 -
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 - October 29 -
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 - October 30 -
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 - October 31 -
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.Business - CNBC - November 12 -
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 -
The good, the bad and the celebrity: Sugar Hut sale is 'end of an era'
The nightclub, made famous by The Only Way Is Essex, is preparing to shut its doors for good.Top stories - BBC News - November 9 -
Spectrum Brands’ stock slides as profit lags estimates
“Challenging economic and geopolitical conditions” are impacting consumer demand, according to its CEO.Business - MarketWatch - 6 days ago -
Target CEO says ‘consumers continue to spend cautiously’ amid triple-miss earnings report
Target’s stock is set to suffer worst day in more than two years after profit, revenue, comparable sales and outlook all came in below expectations.Business - MarketWatch - Yesterday -
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 - October 31 -
McDonald’s suffers second straight decline in quarterly sales
US fast-food chain hit by weakness in international markets as it promotes more discount mealsBusiness - Financial Times - October 29 -
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 - October 29 -
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 earningsBusiness - Financial Times - October 31 -
Target Shares Tumble on Earnings Miss
The stock fell 21% after the retailer posted disappointing quarterly results and lowered its guidance for the full year.Business - The Wall Street Journal - Yesterday -
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 - October 31 -
Evening Report — Legacy media grapples with declining influence
Plus: Washington braces for Trump takeover {beacon} Evening Report © Dylan Buell, Getty Images file Traditional news media grapples with declining influence Legacy news outlets are grappling ...Politics - The Hill - November 8