Chipotle isn't shy about making a controversial move [Yahoo! Finance]
Yum! Brands, Inc. (YUM)
Last yum! brands, inc. earnings: 4/29 07:00 am
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Source: Yahoo! Finance
After California's new $20 per hour minimum wage for fast-food employees went into effect on April 1, many fast-food establishments in the state hiked up their prices to help offset the higher costs, sparking backlash from consumers. Related: Major fast-food chains are starting to face the consequence for high prices Burger King, for example, was spotted selling its Texas Double Whopper meal for $16.89 at a location in Los Angeles. Before the legislation went into effect, it was priced at $15.09. In-N-Out also increased its price for a cheeseburger from $3.95 to $4.10 in the state after the wage hike. Chipotle, which has most of its locations in California with roughly 500 stores , has just revealed that it has joined its competitors in increasing menu prices following the minimum wage hike that was enforced earlier this month. “In April, minimum wage in California for restaurant companies like ours increased to $20 an hour,” said Chipotle Chief Financial Officer Jack Hartung
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YUM
News
- Cramer says he likes Cracker Barrel, but investors should wait for more information before buying [CNBC]CNBC
- Yum! Brands, Inc. (NYSE: YUM) had its price target lowered by analysts at JPMorgan Chase & Co. from $134.00 to $132.00. They now have a "neutral" rating on the stock.MarketBeat
- Fast-food restaurant sales slump as more people eat at home [FOX Business Network]FOX Business Network
- Yum! Brands, Inc. (NYSE: YUM) had its price target raised by analysts at Barclays PLC from $144.00 to $148.00. They now have an "overweight" rating on the stock.MarketBeat
- Yum! Brands, Inc. (NYSE: YUM) had its price target raised by analysts at BMO Capital Markets from $133.00 to $135.00. They now have a "market perform" rating on the stock.MarketBeat
YUM
Earnings
- 5/1/24 - Miss
YUM
Sec Filings
- 5/2/24 - Form 144
- 5/1/24 - Form 8-K
- 4/26/24 - Form 8-K
- YUM's page on the SEC website