Brand Strength, Global Expansion, and Improved Market Conditions Support Revenue Growth - Research Report on Yum! Brands, Sanderson Farms, Krispy Kreme Doughnuts, Hormel Foods, and AFC Enterprises
NEW YORK, June 4, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Yum! Brands, Inc. (NYSE: YUM), Sanderson Farms, Inc. (NASDAQ: SAFM), Krispy Kreme Doughnuts (NYSE: KKD), Buffalo Wild Wings, Inc. (NASDAQ: BWLD), and AFC Enterprises, Inc. (NASDAQ: AFCE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Yum! Brands, Inc. Research Report
On May 29, 2013, Yum! Brands, Inc. (Yum! Brands) announced the grand opening of the first KFC in Mongolia by its international division, Yum! Brands International (YRI), in conjunction with Tavan Bogd Group, a franchise partner of the Company. According to the Company, the introduction of the first KFC in Mongolia reflects the extreme reach of the KFC brand and its strategy of staying the course with global expansion in emerging markets. The new KFC located in Ulaanbaatar is the first of the five KFC's planned to be open this year by Tavan Bogd. The Company's franchise partner plans to open 15 more restaurants over the next five years including the first drive-thru service. The Full Research Report on Yum! Brands, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/74c8_YUM]
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Sanderson Farms, Inc. Research Report
On May 30, 2013, Sanderson Farms, Inc. (Sanderson Farms) reported its financial results for Q2 FY 2013 (period ended April 30, 2013). Net sales were $621.2 million, compared to $595 million in Q2 FY 2012. Net income was $24.4 million or $1.06 per share, compared with net income of $23.9 million or $1.04 per share in Q2 FY 2012. Commenting on the results, Joe F. Sanderson, Jr., Chairman and Chief Executive Officer of Sanderson Farms, said, "The results for our second quarter fiscal 2013 reflect improved market conditions driven primarily by an overall increase in demand for poultry products. Our net sales were 4.4 percent higher compared with the second quarter of fiscal 2012, reflecting higher average sales price of chicken. While our volumes reflect the production cuts we put in place last fall, demand for chicken remains strong from our retail grocery store and export customers." The Full Research Report on Sanderson Farms, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/763b_SAFM]
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Krispy Kreme Doughnuts Research Report
On May 30, 2013, Krispy Kreme Doughnuts, Inc. (Krispy Kreme) reported financial results for Q1 FY 2014 (period ended May 5, 2013). The Company's revenue increased 11.2% YoY to $120.6 million. Net income was $8 million or $0.11 per share, compared to $6 million or $0.08 per share in Q1 FY 2013. Commenting on the results, James H. Morgan, Krispy Kreme's Chairman, President and Chief Executive Officer, said, "We continue to believe we are in the very early stages of developing Krispy Kreme's long-term potential as we continue to execute on our strategic priorities, demonstrate our capability to grow same store sales, generate significant operating cash flow, and increase earnings over the long term." For full-year FY 2014, the Company expects adjusted earnings to range from $0.59 to $0.63 per share. The Full Research Report on Krispy Kreme Doughnuts - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/b40f_KKD]
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Hormel Foods Corporation Research Report
On May 28, 2013, Mexican Accent, the local manufacturing facility owned by Hormel Foods Corporation (Hormel Foods), announced that it will donate $10,000 to the Hunger Task Force to fight hunger in New Berlin, Wisconsin and surrounding communities. According to the Company, these donations are part of the Hormel Foods Plant Community Donations Program, which gives employees the opportunity to assist local hunger relief organizations and strengthen the communities where they live and work. For the third consecutive year, the Company is giving funds to U.S. manufacturing facilities to share with nonprofit organizations in their respective communities to fight hunger. In 2012, the Company donated $220,000 to local hunger relief organizations in more than 20 communities where it has U.S. manufacturing facilities. The Full Research Report on Hormel Foods Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/de96_HRL]
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AFC Enterprises, Inc. Research Report
On May 29, 2013, AFC Enterprises, Inc. (AFC Enterprises) reported results for Q1 FY 2013 (period ended April 21, 2013). The Company's net income was $9.6 million or $0.40 per diluted share, compared to $8.3 million or $0.34 per diluted share in Q1 FY 2012. Adjusted EPS also increased to $0.40 compared to $0.35 in Q1 FY 2012. Total revenues of the Company increased 14.4% YoY to $60.4 million, primarily due to positive same-store sales growth and new restaurant growth. Commenting on the results, Cheryl Bachelder, AFC Enterprises' Chief Executive Officer, said, "We continue to demonstrate both the accelerating momentum of the Popeyes brand and its staying power. We increased our market share and are staying ahead of the broader QSR category in terms of same-store sales growth. We have an effective marketing strategy with innovative menu promotions and improving restaurant operations. This high-performance business model is enabling disciplined growth in domestic and international markets that are awaiting Popeyes arrival." The Full Research Report on AFC Enterprises, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/26d9_AFCE]
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SOURCE Wall Street Reports
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