Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Yum! Brands, Inc.    YUM

Delayed Quote. Delayed  - 10/27 10:02:01 pm
85.36 USD   -0.43%
10/26 YUM BRANDS : okays separation, increases dividend and appoints board..
10/25 YUM BRANDS : Quality Care Properties Set to Join the S&P MidCap 400;..
10/24 ENCANA : Stocks Trend Analysis Encana Corp,Yum! Brands, Inc.
News SummaryMost relevantAll newsSector news 

Yum! Brands, Inc. : Yum says not affected by China mutton scandal

share with twitter share with LinkedIn share with facebook
share via e-mail
05/06/2013 | 07:32pm CEST

Yum Brands Inc on Monday said its roughly 450 Little Sheep hot pot restaurants in China are not involved in a fake mutton scandal that is the latest tainted food saga to rock the country that is the fast-food chain's largest market.

The comments from Yum came shortly after Shanghai authorities said they were testing mislabeled mutton from a wholesaler a government website said supplied Little Sheep and other restaurants.

"There is no evidence, none whatsoever, of any adulterated product anywhere in our system," Yum spokesman Jonathan Blum told Reuters.

Little Sheep gets mutton from only two approved suppliers, which Yum regularly audits. Its company and franchised stores are only allowed to buy from those suppliers, Blum said. The wholesaler at issue is not a Yum supplier, the company said.

In an "abundance of caution," Yum will verify that nobody violated company standards, Blum said.

Acting on a tip, Shanghai food safety inspectors and police raided a wholesale market on Friday and found packages labeled "New Zealand mutton" at one supplier that had no production date or list of ingredients, according to a report on the website of the municipal food safety committee (www.spaq.sh.cn).

Invoices indicated that some of the meat had already been sold to several restaurants, including outlets of Yum-owned Little Sheep, the website said. The meat was being tested and results would be available in about a week, the report added.

"The rumor is completely inaccurate and false" with regard to Little Sheep, Blum said.

The mislabeled meat crackdown follows media reports last week that police had bust a crime ring that had passed off more than $1 million in rat and small mammal meat as mutton. China's food industry has also been under pressure from a bird flu outbreak and other environmental concerns.

KFC parent Yum, which gets more than a half of its overall sales in China, was embroiled in a food safety scare last year after news reports and government investigations focused on chemical residue found in a small portion of its chicken supply.

Sales at its established KFC restaurants in China fell 20 percent during the first quarter and Yum warned that fears surrounding the bird flu outbreak were still hurting its struggling sales.

Most of Yum's nearly 5,300 restaurants in China are KFCs. It operates Pizza Hut restaurants in the country.

The Kentucky-based company bought a controlling interest in Little Sheep in February 2012 and now owns 93 percent of the chain.

Shares of Yum were down 63 cents at $68.28 on the New York Stock Exchange.

(Reporting by John Ruwitch in Shanghai and Lisa Baertlein in Los Angeles; editing by Miral Fahmy, Bernard Orr)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on YUM! BRANDS, INC.
10/26 YUM BRANDS : okays separation, increases dividend and appoints board member
10/25 YUM BRANDS : Quality Care Properties Set to Join the S&P MidCap 400; Guess? to J..
10/24 ENCANA : Stocks Trend Analysis Encana Corp,Yum! Brands, Inc.
10/21 YUM BRANDS : severs China
10/20 YUM BRANDS : Details Transformation Plans to Drive Growth of KFC, Pizza Hut and ..
10/19 YUM BRANDS : Who Will Be America’s Next Taco Hero in Taco Bell’s &ld..
10/17 YUM! BRANDS, INC. : ex-dividend day
10/14 BUYINS.NET : YUM, VRTS, CVCO, CSM, UPS, MDY Are Seasonally Ripe To Go Up In the ..
10/13 YUM BRANDS : Restaurants Stocks Under Review - Cosi, McDonald's, Wendy's, and Yu..
10/12 YUM BRANDS : Searle buys $3,029,462 stake in Yum! Brands
More news
Sector news : Quick Service Restaurants
10/27DJApple Unveils Macs With Touch-Screen Keyboard
10/26DJDow Industrials Rise Despite Drag From Apple
10/26DJStocks Mixed as Earnings Vary
10/26 FTSE hits three-week low; commodities weigh
10/26DJStocks Mixed as Tech Shares Fall on Earnings
More sector news : Quick Service Restaurants
News from SeekingAlpha
10/27 A Big Hidden Risk In Your Investment Portfolio
10/26 Restaurant Traffic - What's Going On?
10/26 Yum Brands' Split Will Unlock Value - Cramer's Lightning Round (10/25/16)
10/19 Credit Suisse sees new highs for Yum Brands
10/19 Attention Wal-Mart Shoppers - A Rangeley Capital Discussion
Financials ($)
Sales 2016 13 072 M
EBIT 2016 2 259 M
Net income 2016 1 601 M
Debt 2016 7 561 M
Yield 2016 2,23%
P/E ratio 2016 21,57
P/E ratio 2017 20,24
EV / Sales 2016 3,12x
EV / Sales 2017 3,14x
Capitalization 33 281 M
More Financials
Duration : Period :
Yum! Brands, Inc. Technical Analysis Chart | YUM | US9884981013 | 4-Traders
Full-screen chart
Technical analysis trends YUM! BRANDS, INC.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 98,2 $
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Greg Creed Chief Executive Officer & Director
David W. Gibbs President & Chief Financial Officer
Robert D. Walter Non-Executive Chairman
Thomas M. Ryan Lead Independent Director
David Wyatt Dorman Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
YUM! BRANDS, INC.16.85%33 281
DOMINO'S PIZZA, INC.49.16%7 978
ALSEA SAB DE CV17.36%3 121
More Results