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  - 08/29 09:39:34 pm
90.86 USD   +1.49%
08/26 KFC : Bringing Fried Chicken-Scented Sunscreen Back For Some, And "C..
08/22 KFC'S NEW MARKE : Giving away scented sunscreen
08/22 KFC : U.S. Introduces Fried Chicken-Scented Sunscreen
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.
08/26 KFC : Bringing Fried Chicken-Scented Sunscreen Back For Some, And "Colonelized" ..
08/22 KFC'S NEW MARKETING GIMMICK : Giving away scented sunscreen
08/22 KFC : U.S. Introduces Fried Chicken-Scented Sunscreen
08/17 PIZZA HUT : Announces Master Franchise Partnership with AmRest Holdings SE in Ce..
08/10 YUM BRANDS : KFC pressed to tighten antibiotic rules
08/10 YUM BRANDS : Turns to mexican food for growth
08/09 McDonald's, Yum seek suitors in China
08/09 Health-minded Chinese upgrade to affordable premium foods
08/09 McDonald's, Yum seek suitors in China
08/01 YUM BRANDS : ! China Receives the 2016 CSR Excellence Award
More news
Sector news : Quick Service Restaurants
09:15pDJMcDonald's Consolidates Agency Business With Omnicom
08:57pDJMcDonald's Consolidates Agency Business With Omnicom
08:53p EU to hand Apple Irish tax bill of over 1 billion euro, source says
08/24DJSTARBUCKS : Tornado Flattens a Starbucks in Kokomo, Indiana
08/24DJU.S. Criticizes EU on Corporate Tax Probes
More sector news : Quick Service Restaurants
News from SeekingAlpha
08/25 Tracking Stephen Mandel's Lone Pine Capital Portfolio - Q2 2016 Update
08/17 Dunkin Brands Is Overpriced
08/17 Runner-Up Stocks Are Better Than Industry Leaders Stocks
08/16 DIVIDEND CONTENDERS : 26 Increases Expected By The End Of October
08/15 Q2 2016 Dividend Report
Advertisement
Financials ($)
Sales 2016 13 279 M
EBIT 2016 2 302 M
Net income 2016 1 494 M
Debt 2016 7 770 M
Yield 2016 2,12%
P/E ratio 2016 24,12
P/E ratio 2017 21,42
EV / Sales 2016 3,21x
EV / Sales 2017 3,20x
Capitalization 34 907 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 92,8 $
Spread / Average Target 3,7%
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.22.56%34 907
MCDONALD'S CORPORATION-3.13%97 659
CHIPOTLE MEXICAN GRILL..-12.73%12 192
DOMINO'S PIZZA, INC.33.35%7 159
DOMINO'S PIZZA ENTERPR..32.26%5 071
JACK IN THE BOX INC.27.83%3 204
More Results