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Yum China

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business1 year ago

KFC and Taco Bell China CEO's Customer Observations Inspire Hit Menu Items

KFC China, under CEO Joey Wat, has successfully leveraged consumer insights to create popular menu items like the boneless chicken mashed potato sandwich, inspired by observing kids dipping chicken into mashed potatoes. This approach also led to the success of durian pizza at Pizza Hut in China, highlighting the importance of understanding local consumer preferences. KFC China accounts for a significant portion of chicken consumption in the country, with Wat emphasizing the value of direct customer observation in product development.

via Fortune|
#business#consumer-insights#fast-food
business1 year ago

"Yum China CEO: Rising Costs Prompt Consumers to Make More Rational Dining Choices"

Yum China CEO Joey Wat says Chinese consumers are becoming more rational due to rising costs, with sales growing despite investor concerns about the broader Chinese economy. The company's revenue climbed 19% in the fourth quarter, driven by new store openings, and same-store sales rose 4%. Yum China is seeing stronger sales growth in lower-tier cities due to cheaper housing costs and higher disposable income. The company is using a barbell strategy to attract diners seeking deals and higher-quality fare, and plans to expand its footprint to over 20,000 locations by 2026.

via CNBC|
#business#ceo#china-economy
business2 years ago

Berkshire Hathaway's HP Stock Sales Signal Potential Trend

Visa's stock drops over 2% after announcing plans to change its share structure, while Semtech's stock rises 7% after beating earnings expectations but offering weak guidance for the third quarter. Penn Entertainment's shares rally 6% as Deutsche Bank initiates a short-term catalyst call to buy the company. Netflix's shares slip roughly 2% as its CFO warns that the ongoing Hollywood writers' strike is bad for business and that its ad-supported streaming option won't boost revenue in the short-term. Yum China's shares gain nearly 6% after announcing new financial targets and expansion plans. AMC Entertainment's stock adds 3% after completing an equity offering.

via CNBC|
#amc-entertainment#business#netflix
business2 years ago

"Market Movers: AMC, Etsy, First Solar, and More Dominate Pre-Market Trading"

AMC Entertainment shares rose 5% after completing an equity offering, while Yum China saw a 3% increase in premarket trading as it announced new financial targets and expansion plans. Etsy's stock gained 4% after being upgraded by Wolfe Research, citing rebounding consumer spending and margin improvement. Semtech's semiconductor stock rose 1% despite offering a lower-than-expected fiscal third-quarter forecast. Penn Entertainment climbed 3% following a short-term buy call from Deutsche Bank. Additionally, First Solar's stock rose 2% after being upgraded by BMO Capital Markets, and Exxon Mobil and Chevron gained about 1% each as oil prices reached their highest levels this year. HP's shares fell over 3% after Berkshire Hathaway sold a portion of its stake, and General Motors and Ford saw fractional increases in premarket trading amid the possibility of a strike if a contract agreement isn't reached.

via CNBC|
#amc#business#etsy
business2 years ago

"Exploring CEO Compensation: From Pay Gaps to Tech Packages"

The CEO-to-worker pay gaps among public companies in Dallas-Fort Worth range from 3,079 to 1 to 0 to 1. Fossil Group CEO Kosta Kartsotis has the smallest wage gap as he refuses all forms of compensation, resulting in his pay being less than his employees. On the other hand, CSW Industrials has the largest pay gap of 3,079 to 1, with CEO Joseph Armes receiving substantial stock awards while the majority of the company's employees are located in Vietnam. Other companies with large pay gaps include Yum China, FirstCash, and consumer-oriented brands like Dave & Busters, Six Flags, and Cinemark, which heavily rely on part-time or minimum-wage workers.

via The Dallas Morning News|
#business#ceo-pay-gaps#csw-industrials
business2 years ago

"Yum China, Western Digital, ZoomInfo, and More: After-Hours Stock Movers"

Yum China's shares fell after mixed Q2 results, ZoomInfo Technologies posted a weak outlook for Q3 revenue, Western Digital's stock gained after beating expectations, Arista Networks' quarterly earnings exceeded expectations, and Lattice Semiconductor declined due to macroeconomic challenges. Rambus tumbled after missing revenue forecasts, Monolithic Power Systems' revenue guidance fell below estimates, and SBA Communications reported better-than-expected Q2 revenue and a new lease agreement with AT&T.

via CNBC|
#arista-networks#business#lattice-semiconductor