This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Yum! Posts Better-Than-Expected Sales: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Yum! Brands (YUM - Get Report) after the company reported first-quarter same-store sales that fell 20% in China, better than predictions of a 25% drop.

Yum's better-than-expected sales come as the company tries to redeem itself after it was found that former chicken supplier Liuhe Group supplied chicken loaded with antibiotics. Yum! has worked to improve its reputation by pledging to impose stricter requirements on its suppliers and boosting its advertising efforts. The company also said it eliminated more than 1,000 small producers from its list of suppliers.

The company, which owns brands like KFC, Pizza Hut and Taco Bell, saw 51% of its revenue in 2012 come from China. Yum! is the biggest Western fast-food operator in China, with 5,300 restaurants in the country.

Yum! plans to open 700 new restaurants in 2013 alone.

Hewlett-Packard (HPQ - Get Report) is trending as the U.K. Serious Fraud Office launches an investigation into Autonomy, which HP acquired in 2011.

The investigation comes on top of a probe on behalf of the U.S. Justice Department into Autonomy, which Hewlett-Packard accused last year of misrepresenting results before selling the company for $10.3 billion. HP alleges that about $200 million of Autonomy's revenue was improperly represented. HP later booked an $8.8 billion write-down pertaining to the buyout in 2012.

PokerStars is another popular search. Rational Group, parent company of online poker Web site PokerStars, seeks to purchase the Atlantic Club Casino Hotel in Atlantic City, N.J.

The company is facing opposition to the purchase from the American Gaming Association, which is urging state regulators to reject the bid. According to the AGA, the bid would result in the "integrity of the gaming industry being gravely compromised," calling PokerStars a "business built on deceit, chicanery and the systematic flouting of U.S. law." The AGA claims the Web site has criminal ties.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
HPQ $31.32 -0.78%
YUM $79.69 0.35%
AAPL $125.13 -0.98%
FB $83.28 0.10%
GOOG $552.97 0.17%


DOW 17,897.60 -78.71 -0.44%
S&P 500 2,082.16 -4.08 -0.20%
NASDAQ 4,937.3630 -10.0780 -0.20%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs