Upcoming AWS Coverage on Cracker Barrel Old Country Store Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 14, 2016 / Active Wall St. blog coverage looks at the headline from Yum! Brands, Inc. (NYSE: YUM). Taco Bell® Corp., a subsidiary of Yum! Brands, revealed its plans to expand its presence in the Spanish market. Taco Bell® will partner with its franchisee in Spain, Casual Brands Group of Madrid in this endeavor. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Yum! Brands' competitors within the Restaurants space, Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL), reported on November 22, 2016, its financial results for the first quarter of fiscal 2017 ended October 28, 2016. AWS will be initiating a research report on Cracker Barrel Old Country Store in the coming days.

Today, AWS is promoting its blog coverage on YUM; touching on CBRL. Get all of our free blog coverage and more by clicking on the links below:

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The Taco Bell® brand is owned by Yum! Brands and operates Mexican-style fast food restaurants.

The expansion plans for the Spanish market

Taco Bell® and its franchisee partner Casual Brands Group of Madrid plan to build 45 new Taco Bell® restaurants across various locations in Spain. These new restaurants will generate 900 new jobs in the local economy. Taco Bell® aims to have more than 70 restaurants in Spain by 2020, making it the largest market in Europe.

Casual Brands Group partnered with Taco Bell® in 2008 and now own and operate all the Taco Bell® locations in Spain including the Juan Valdez Café and Delina's. In 2015 Casual Brands Group opened Taco Bell® at 10 new locations and by end of 2016 there will be 31 fully functional Taco Bell®'s in Spain. Casual Brands Group has built Taco Bell® restaurants in Madrid, Barcelona, Valencia, Zaragoza, and recently in Seville.

The Taco Bell® restaurant's design will continue to have a transparent open kitchen so that the customers can view their orders being made freshly. The restaurants will also have comfortable lounge style seating as well as free Wi-Fi facility. The Spanish Taco Bell® will try to incorporate the local flavor in their restaurants viz. tapas-style happy hour promotions and Tuesday Taco Happy Day to attract regular clients and increase brand loyalty. Another interesting tidbit is that Spain was the first country where beer was served at Taco Bell® restaurants.

Sharing her excitement on the development, Melissa Lora, President of Taco Bell® International said:

"We've seen immense enthusiasm from our Spanish fans over the past eight years, and know they will continue to celebrate our live más spirit as we expand to more communities across the country."

Ignacio Mora-Figueroa, CEO of Casual Brands Group added:

"I am passionate about Taco Bell® and what the brand stands for my team is committed to providing más flavor, más value, más enjoyment, and más life to all of our fans."

Future plans

Taco Bell® had revealed its ambitious future plans in November 2016. Taco Bell® aims to have over 1000 restaurants by 2022 across the globe excluding the US market. At present there are 330 Taco Bell® restaurants (including military bases) across 26 markets outside of the US. In the US, there are over 6000 Taco Bell® restaurants being operated by the company in collaboration with 350 of their franchise partners and generate approximately $9 billion in sales. The company aims to have 9,000 restaurants globally with $15 billion in global sales by 2022. The new restaurants will create 100,000 new job opportunities within the US itself. At present Taco Bell® employs 40,000 people in its company-owned stores and approximately 170,000 people through its franchise restaurants.

Louisville, Kentucky based Yum! Brands is one of the world's largest restaurant companies with nearly 43,000 restaurants in almost 135 countries and territories. They own the KFC, Pizza Hut and Taco Bell® restaurant brands. In November 2016, Yum! Brands completed the separation of Yum China Holdings, Inc. from Yum! Brands and was listed on the New York Stock Exchange (NYSE) under the ticker symbol "YUMC". The decision was part of the company's growth strategy wherein it aims to be a franchisor to the extent of at least 98% by fiscal year ending 2018.

Stock Performance

Yum! Brands' share price finished yesterday's trading session at $64.62, marginally down 0.19%. A total volume of 1.97 million shares exchanged hands. The stock has rallied 9.74% and 28.41% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the company have surged 25.95%. The stock is trading at a PE ratio of 16.43 and has a dividend yield of 3.16%.

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SOURCE: Active Wall Street