Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 09/23 10:04:32 pm
90.64 USD   +0.19%
09/23 YUM BRANDS : ! China to Focus on Western Catering after Separated
09/21 YUM BRANDS : Gilead Sciences, Puma Biotechnology, Yum! Brands, Vmwar..
09/20 PIZZA HUT : ® Appoints Helen Vaid As First-Ever Chief Customer Offic..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on YUM! BRANDS, INC.
09/23 YUM BRANDS : ! China to Focus on Western Catering after Separated
09/21 YUM BRANDS : Gilead Sciences, Puma Biotechnology, Yum! Brands, Vmware, and McDon..
09/20 PIZZA HUT : ® Appoints Helen Vaid As First-Ever Chief Customer Officer
09/19 CARLYLE LP : McDonald's Gets Multiple Offers for HK, Mainland Restaurant
09/15 YUM BRANDS : Names Expected Board of Directors of Yum China Holdings
09/15 YUM BRANDS : You Could Be One of the First to Own PlayStation®VR Courtesy of Tac..
09/15 MCDONALD'S GETS FINAL BIDS FOR NORTH : sources
09/15 McDonald's gets final bids for North Asia outlets - sources
09/09 YUM BRANDS : Recognized as a 2016 Healthiest 100 Workplace In America®
09/08 KFC : Announces first celebrity colonel who is actually a colonel
More news
Sector news : Quick Service Restaurants
09/22DJFormer McDonald's Executive to Sacrifice Incentives in Move to Dunkin' Brands
09/22DJMCDONALD : Former McDonald's Executive to Give Up More Than $6 Million in Move t..
09/22DJMCDONALD : Former McDonald's Executive David Hoffmann Moves to Dunkin' Donuts
09/21DJCHIPOTLE MEXICAN GRILL : Explains Food-Safety Practices in Ad Campaign
09/19 EU opens probe into tax deals between Luxembourg and Engie
More sector news : Quick Service Restaurants
News from SeekingAlpha
09/23 RBC pulls some chips off the table on Yum Brands
09/21 Yum China preps to go it alone
09/20 YUM! BRANDS SPIN-OFF : What To Do?
09/19 McDonald's Follows Yum Brands, Prepares China Exit
09/16 DIVIDEND CONTENDERS : 30 Increases Expected By The End Of November
Advertisement
Financials ($)
Sales 2016 13 266 M
EBIT 2016 2 297 M
Net income 2016 1 493 M
Debt 2016 8 058 M
Yield 2016 2,09%
P/E ratio 2016 24,47
P/E ratio 2017 21,68
EV / Sales 2016 3,27x
EV / Sales 2017 3,26x
Capitalization 35 339 M
More Financials
Chart YUM! BRANDS, INC.
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
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 90,9 $
Spread / Average Target 0,29%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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
Jonathan S. Linen Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
YUM! BRANDS, INC.24.08%35 339
MCDONALD'S CORPORATION-0.82%99 988
CHIPOTLE MEXICAN GRILL..-13.76%12 048
DOMINO'S PIZZA, INC.38.66%7 444
DOMINO'S PIZZA ENTERPR..25.06%4 855
JACK IN THE BOX INC.33.15%3 338
More Results