On Thursday, Shares of Yum! Brands, Inc. (NYSE:YUM), lost -1.93% to $67.12.
KFC Corporation is a partner of Yum! Brands, Inc., Louisville, Ky. (NYSE:YUM.)
Kentucky Fried Chicken and DoorDash are excited to declare the world’s best fried chicken is available for on-demand delivery. Customers are now just a few clicks, swipes and taps away from a valuable, whole meal replacement from KFC delivered straight to their door by DoorDash. DoorDash will initially deliver from KFC restaurants in the San Francisco Bay Area, Los Angeles and Orange County, with delivery expanding to other cities in the coming months.
The Colonel believed that families deserve a break from the kitchen and that meal replacements should be plentiful and valuable when made “the hard way” by KFC cooks. Now busy families can enjoy the world’s best chicken, which is hand prepared in-store every day, without having to leave the comfort of home. Via DoorDash, KFC is offering delivery of complete meal replacements, such as the $20 Family Fill Up which comes with 8 pieces of chicken, 2 large mashed potatoes and gravy, 1 large coleslaw and 4 biscuits; making dinner time for a family of four even easier.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items.
Shares of Anadarko Petroleum Corporation (NYSE:APC), declined -4.11% to $58.50, during its last trading session.
Anadarko Petroleum Corp.’s unrequited bid for fellow Houston company Apache Corp. (NYSE: APA) garnered a characterization of “strange” and “curious” from analysts, and apparently the market agrees, according to Business Journals.
On the morning of Nov. 9, Anadarko (NYSE: APC) shares were trading at $70 each, the peak for the day. By the middle of the day on Nov. 11, the stock was trading at $60.50 per share. Apache faired only slightly better, seeing its share price drop from is Nov. 9 peak of $54.80 to its Nov. 11 trough of $48.90 per share in the afternoon.
The first element of the “strange fit” is that Anadarko is in itself a takeover target, Fadel Gheit, managing director and senior analyst covering the oil and gas sector at New York-based Oppenheimer & Co. Inc., said in an investment note. Business Journals reports
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs).
Finally, Shares of Flowers Foods, Inc. (NYSE:FLO), ended its last trade with -11.71% loss, and closed at $23.52.
Flowers Foods, stated financial results for the company’s 12-week third quarter ended October 10, 2015.
Third Quarter 2015 Summary Financial Results
Contrast to prior year third quarter
- Sales raised 4.8% to $885 million
- Adjusted EBITDA raised 6.1% to $105 million, adjusted net income(3) raised 8.3% to $48 million, and adjusted net income per diluted common share(3) raised 9.5% to $0.23
- Counting acquisition-related costs, facility closing costs, and the effect of the tortilla facility divestiture during the prior year third quarter, EBITDA(4) reduced 0.7% to $99 million, net income reduced 1.8% to $44 million, and net income per diluted common share was unchanged at $0.21
- Dividends paid raised 20.8% to $0.1450 per share
Third Quarter Highlights
- During the third quarter, attained Dave’s Killer Bread (DKB), the leading brand of organic packaged bread in the United States. Early in the fourth quarter, attained Alpine Valley Bread Company (Alpine Valley), further strengthening Flowers’ organic brand portfolio and production capacity.
- For the 12-week third quarter of fiscal 2015, the improvement in merged sales reflects a volume improvement of 3.6%, neutral price/mix, and an improvement of 1.2% attributable to the acquisition of DKB.
- Sales in expansion markets contributed 1.2% to the overall sales improvement during the quarter, driven by the attained Hostess bread brands and entrance into new markets. Flowers now reaches 83% of the U.S. population through direct-store delivery (DSD) distribution.
- The company generated $64.6 million of cash flow from operations during the third quarter.
Flowers Foods, Inc. produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh bakery foods, counting fresh breads, buns, rolls, tortillas, and snack cakes.