The market wasn't overly impressed with Yum! Brands' quarterly report on Tuesday night. The company that watches over Taco Bell, KFC, and Pizza Hut has seen domestic business fall by 2% to 3% at each of its three chains. But Yum! fared substantially better in China, with its popular KFC scoring a whopping 19% spike in comps.
Kentucky Fried Chicken says it is shutting down its fryers for good in Fiji, saying the government compromised its so-called famous blend of 11 herbs and spices by stopping KFC from importing key ingredients. Fiji says that's just an excuse.
Alcoa, Marriott and Yum! Brands to kick off the third-quarter earnings season with modest earnings growth, while jobs numbers could be mixed.
Second-quarter earnings reports start coming in this week when Alcoa releases its latest results on Monday. This week's other anticipated quarterly reports include those from industry bellwethers Intel, Google and JPMorgan Chase.