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Tag: Yum! Brands Inc

Taco Bell parent is buying Habit Burger to break into fast casual

Source: Habit Burger Grill Yum Brands‘ $375 million acquisition of Habit Restaurants gives the owner of Taco Bell, KFC and Pizza Hut an opportunity to break into the fast-casual industry at a time when fast-food restaurants are struggling. Habit operates Habit Burger Grill, a premium burger chain founded in 1969 with nearly 280 locations, including …

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More minimum wage increases expected in 2020

People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle / Getty Images The move toward a $15 minimum wage is gaining steam, with 21 states raising minimum wages …

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Chipotle staged a comeback. Here’s how it will keep the growth going

Chipotle Mexican Grill‘s stock is one of the top performers on the S&P 500 so far this year as investors continue to applaud the chain’s comeback under CEO Brian Niccol. The stock, which has a market value of $20.9 billion, is up 74% this year, as of Monday’s close. Shares are trading down less than …

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Steve Easterbrook, McDonald’s former CEO, steps down from Walmart board

Former McDonald’s CEO Steve Easterbrook on Monday resigned from the board of Walmart, effective immediately, a Securities and Exchange Commission filing showed. Easterbrook’s decision to resign was not due to any disagreement with Walmart, the filing stated. He had been on Walmart’s board since 2018 and served on committees related to compensation, management development, strategic …

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‘My focus is entirely on growing this business’

Beyond Meat CEO Ethan Brown told CNBC on Tuesday that the alternative meat producer is concentrating on disrupting the food industry rather than partnering with the sector’s giants. “My focus is entirely on growing this business” to a $40 billion company in terms of revenue, Brown said on “Squawk Box” — as the company’s shares …

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Incoming CEO of Taco Bell’s parent ‘wouldn’t rule out’ an acquisition

David Gibbs Stefanie Smith | CNBC The incoming CEO of Taco Bell’s parent company Yum Brands is not ruling out adding another brand to its restaurant portfolio. “We don’t need an acquisition to grow,” incoming CEO David Gibbs told analysts on a Wednesday conference call. “Our brands today are strong generally around the world, with …

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Yum Brands (YUM) earnings Q3 2019 fall short of expectations

A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations after its GrubHub investment weighed on profits. Yum’s two other chains, Pizza Hut and KFC, missed Wall Street’s …

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Chief marketers face a ‘final fight for survival’

Large corporates including McDonald’s, Uber and Johnson & Johnson no longer have chief marketing officers (CMOs) and the role risks becoming outdated next year, according to a new report. The digital age has meant that consumers have more ways of experiencing a company than ever: from the ads they see on their Instagram feed to …

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Beyond Meat (BYND) earnings Q3 2019

Beyond Meat on Monday reported its first quarterly profit and topped analysts’ expectations for its fiscal third-quarter earnings and revenue. Despite the beat, shares of the company tanked as much as 15% in extended trading, before recouping about half of those losses. The stock, which has soared 321% since its initial public offering, closed Monday …

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As Chipotle’s stock slides, analysts ask if its valuation has peaked

Shares of Chipotle Mexican Grill fell 5% on Wednesday, despite crushing earnings estimates and reporting its highest same-store sales growth in more than two years. Analysts are pointing to the stock’s high valuation. In the last year, Chipotle has soared 81% to $788 per share, giving it a market value of $22 billion. The average …

As Chipotle’s stock slides, analysts ask if its valuation has peakedRead More