Post by
nedstar71 on Nov 05, 2024 8:28am
Yum brands
Yum (KFC, Pizza Hut/Taco Bell) just reported similar results SSSG-wise and oddly enough it's trading up pre-market. Not that I would expect PZA to react the same as the Canadian markets are so prone to illiquidity and overreaction, but worth noting.
Comment by
ol_griz on Nov 05, 2024 3:59pm
Interesting that the market took it well. RBI also missed on Burger King revenue, citing decreased demand from people cooking at home more frequently. Who says the economy is booming when pizza and fast food are in decline?
Comment by
nedstar71 on Nov 05, 2024 5:15pm
Yeah this closing flat given those results is actually somewhat disturbing. Those large US chains with negative sssg were buoyed by a market on fire today and probably set the tone for this one after the initial dip. Too many good (relatively speaking) stocks out there with a similar yield, and well under 100% payout ratio to stay invested here so I bailed.
Comment by
nedstar71 on Nov 07, 2024 12:55am
Contrast these results with the Keg which just announced -1.5% SSSG. More resilient customer base who isn't as affected by downturns and a higher dividend yield. Not much question which would be the better choice at this point.