Some analysts say the market may be quietly sniffing out a higher rate of inflation.» Read More
Brinker International Inc. fell $1.64 or 3.2 percent, to $50.03. Chipotle Mexican Grill Inc. fell $8.93 or 1.7 percent, to $503.74. Darden Restaurants Inc. rose$. 51 or 1.0 percent, to $50.38.
NEW YORK— PepsiCo is again mining its partnership with Taco Bell, with plans to start selling the Mexican food chain's popular Mountain Dew Baja Blast drinks in bottles and cans for the first time next month. PepsiCo and Yum Brands Inc., which owns Taco Bell, KFC and Pizza Hut, didn't disclose terms of the agreement or how sales will be divided.
Brinker International Inc. fell $2.09 or 4.0 percent, to $49.58. Chipotle Mexican Grill Inc. fell $6.15 or 1.2 percent, to $506.52. Darden Restaurants Inc. rose$. 63 or 1.3 percent, to $50.50.
Jason Moser, Analyst at Motley Fool, expects Yum Brands' improved business operations in China to help the firm outperform McDonald's in 2014.
KFC parent Yum Brands on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent.
Some of the biggest names in Corporate America, including Coca-Cola Co, General Motors Co, United Technologies Corp and McDonald's Corp all in the past week reported strong results from their China operations.
NEW YORK— Yum Brands reported a higher-than-expected profit for its first quarter highlighted by a rebound in KFC sales in China, where concerns about the safety of the chain's chicken supply eased. The company, which also owns Taco Bell and Pizza Hut, said Tuesday that sales at established locations in China rose 9 percent for the period.
April 22- KFC parent Yum Brands Inc on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent, roughly in line with expectations, as it recovers from an avian flu outbreak and a food safety scare last year that pummeled demand for chicken.
Yum Brands is reporting Q1 EPS of $0.87 ex-items on revenues of $2.72 billion, with CNBC's Sara Eisen.
In apparent references to Subway and Taco Bell, he also noted that McDonald's seems to face new rivals every year in the mornings, whether they're "sandwich shops or taco shops." Taco Bell, which is owned by Yum Brands, has declined to say how its breakfast is faring so far.
April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as high beef costs bit into margins and fewer customer visits resulted in a bigger-than-expected decline in sales at the fast-food chain's established U.S. restaurants.
Brinker International Inc. rose$. 08 or. 2 percent, to $50.64. Chipotle Mexican Grill Inc. fell $13.07 or 2.5 percent, to $506.54. Domino's Pizza Inc. rose$. 08 or. 1 percent, to $74.36.
With the wipeout in growth stocks, many investors turned their attention to big-cap and value names, and the trend is expected to continue.
Debating if investors should be betting on Yum! Brands ahead of tomorrow's earnings report, with Peter Saleh, Telsey Advisory Group senior research analyst, and Andrew Keene, Keene on the Markets founder.
Brinker International Inc. rose$. 11 or. 2 percent, to $50.67. Chipotle Mexican Grill Inc. fell $10.76 or 2.1 percent, to $508.85. Darden Restaurants Inc. fell$. 54 or 1.1 percent, to $47.93.
Brinker International Inc. rose$. 25 or. 5 percent, to $50.81. Chipotle Mexican Grill Inc. fell $4.61 or. 9 percent, to $515.00. Darden Restaurants Inc. fell$. 35 or. 7 percent, to $48.13.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.
Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T, are due to report earnings.
Brinker International Inc. rose$. 10 or. 2 percent, to $51.20. Chipotle Mexican Grill Inc. rose $11.86 or 2.2 percent, to $552.40. Darden Restaurants Inc. rose$. 74 or 1.5 percent, to $49.14.
Brinker International Inc. rose$. 21 or. 4 percent, to $51.31. Chipotle Mexican Grill Inc. rose $11.16 or 2.1 percent, to $551.70. Darden Restaurants Inc. rose$. 13 or. 3 percent, to $48.53.