Yum! Brands Inc
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Hoping to increase sales and traffic in their restaurants, fast-food and fast-casual operators are cranking up the menu innovation to produce items that stray from the gastronomic norm.
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The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors. **BOEING CO, $91.15, up 3.3 pct. **APPLE INC, $401.20, down 1 pct.
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April 24- KFC parent Yum Brands Inc expects sales at its KFC restaurants in China to recover by the end of the year and fears surrounding a bird flu outbreak to be short-lived, company executives told analysts during a conference call.
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Following upbeat earnings, stocks rally for third straight day. Best 3-day winning streak for S&P 500 since late November, best 3-day winning streak for Nasdaq since early August.
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Junheng Li, Head of Research at JL Warren Capital, says the growth of Yum! Brands in China will make or break the stock, and she forecasts pressures for the company going forward.
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HONG KONG, April 24- Hong Kong shares could start slightly higher on Wednesday, tracking Wall Street gains following positive quarterly earnings reports from companies such as Apple Inc and Yum Brands.
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Stocks ended a volatile day with strong gains Tuesday after taking a sharp nosedive in midday trading, following a false Twitter post of two explosions in the White House.
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April 23- KFC parent Yum Brands Inc on Tuesday reported that quarterly profit fell less than Wall Street expected, despite a sharp drop in sales in its top market of China, and the company's shares jumped 6.5 percent.
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Check out which companies are making headlines after the bell Tuesday:
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Yum Brands beat on earnings, while revenue was just shy of forecasts. Shares rose after-hours.
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U.S. stock index futures pointed to a lower open after dismal Chinese PMI data released early on Tuesday.
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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April 19- McDonald's Corp on Friday threw cold water on hopes that its restaurant sales would accelerate, warning that global sales at established restaurants would be slightly lower in April.
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April 19- McDonald's Corp's on Friday reported a first-quarter profit that fell short of Wall Street's expectations, as sales at established U.S. restaurants dropped 1.2 percent in a tough environment. McDonald's said March same-store sales at established U.S. restaurants dropped 1.2 percent.
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It's time to get defensive, Michael Farr of Farr, Miller & Washington says.
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As the death toll from a deadly strain of bird flu in China rises to 17, markets are closely monitoring Beijing's handling of the outbreak although officials appear to have learned a trick or two from the SARS crisis a decade ago.
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Bird flu originates in birds, but fears of the pandemic are taking a toll on companies like KFC in China, reports CNBC's Michelle Caruso-Cabrera. There have been 10 deaths in the 38 confirmed bird flu cases there.
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CNBC's Kayla Tausche; Michael Santoli, Yahoo! Finance columnist; and Leigh Gallagher, Fortune Magazine, discuss the restaurant's efforts to push franchisees to improve service and quality.
