Core Viewpoint - The IRS has assessed $4 billion in taxes, penalties, and interest on Yum! Brands due to a tax-deferred reorganization in 2014, leading the company to sue the IRS to prevent collection of these funds [1][9][11]. Company Overview - Yum! Brands is the parent company of KFC, Taco Bell, Pizza Hut, and Habit Burger & Grill, having spun off from PepsiCo in 1997, and is one of the largest restaurant chains globally with over 61,000 locations in 155 countries [2][3]. Tax-Related Developments - Yum! Brands announced a relocation of its headquarters from Louisville, Kentucky to Plano, Texas, primarily due to tax considerations, as Texas has a 0% corporate income tax rate compared to Kentucky's 5% [4]. - The company has a history of tax-related issues, including the current dispute with the IRS regarding a 2014 reorganization [4][10]. 2014 Reorganization Details - In 2014, Yum! Brands underwent a corporate reorganization to focus on brand-based divisions rather than geographic ones, aiming to drive growth [5]. - The reorganization involved issuing stock in exchange for stock in previous subsidiaries, which Yum! Brands believed qualified for tax deferral under Internal Revenue Code Section 368(a)(1)(B) [6][8]. IRS Dispute - The IRS claims Yum! Brands owes $2.1 billion in taxes, $418 million in penalties, and over $1.5 billion in interest, totaling over $4 billion, which is significant compared to the company's 2024 pre-tax income of $1.9 billion and income tax payment of $414 million [9][10]. - Yum! Brands has contested the IRS's position, asserting that it met all requirements for tax deferral, but has faced unsuccessful appeals in court [10][11].

Group 1 - The next earnings date for Adobe is projected to be June 12, with earnings estimates of $4.97 per share and revenue of $5.80 billion [1] - Adobe has demonstrated impressive long-term earnings per share growth and revenue growth [4] - Earnings reports can lead to significant volatility in Adobe's stock, which may attract options traders, especially with options expiring on June 13 [5]

Vail Resorts Inc MTN reported mixed financial results for the third quarter on Thursday after the bell.Vail Resorts reported third-quarter revenue of $1.29 billion, narrowly missing estimates of $1.3 billion, according to Benzinga Pro. The company reported third-quarter earnings of $10.54 per share, beating estimates of $10.12 per share."Results in the quarter reflect the stability provided by our season pass program as Resort net revenue, excluding Crans-Montana, remained consistent with the prior year eve ...

Vail Resorts(MTN -2.64%) reported its fiscal 2025 third-quarter results on June 5, 2025, with resort reported EBITDA up 3% year to date despite a 3% decline in skier visits. Management also updated its guidance range for resort reported EBITDA to $831 million to $851 million for fiscal 2025. The company highlighted progress on its $100 million multiyear cost-cutting plan and said it had seen early indicators of stable season pass sales, while also addressing evolving macroeconomic and competitive dynamics. ...

Petco Health and Wellness (WOOF -25.14%) reported first quarter 2025 earnings on June 5, with net sales declining 2.3% year over year and comparable sales down 1.3%, while gross margin expanded 30 basis points year over year to 38.2%. Adjusted EBITDA rose $13.8 million for the quarter to $89.4 million (6% of sales), demonstrating material profitability improvement despite continued top-line headwinds and active cost management initiatives.Petco Managed Margin Expansion Despite Sales DeclineStore count total ...

The Toro Company TTC reported mixed results for its second quarter and lowered its full-year guidance on Thursday.The company said second-quarter fiscal 2025 sales decreased 2% year-over-year (Y/Y) to $1.32 billion on Thursday, missing the consensus of $1.35 billion. Adjusted EPS of $1.42 (+1% Y/Y) beat the consensus of $1.40.Toro lowered its guidance for FY25 adjusted EPS from $4.25-$4.40 to $4.15-$4.30, compared to the consensus of $4.31. The company now sees an FY25 net sales growth outlook of flat to -3 ...

Shares of Quantum Computing (QUBT 15.22%) are soaring on Friday. The company's stock has jumped 13.9% as of 12:59 ET. The rise comes as the S&P 500 gained 0.9% and the Nasdaq Composite gained 1.1%.The quantum computing company's stock received a price target upgrade a few weeks after a mostly positive earnings report.Quantum gets an upgradeAnalysts at Ascendiant Capital Markets raised their price target on Quantum Computing's stock from $14.00 to $22.00 and maintained their buy rating. The stock is currentl ...

Rebounding from their 11.8% decline last week, shares of Tempus AI (TEM 6.55%) are starting June on an auspicious note. In addition to the company dropping two announcements over last weekend, investors responded to TD Cowen commentary addressing Spruce Point's recently released critical report of the company that's specializing in artificial intelligence (AI) solutions for the healthcare industry.According to data provided by S&P Global Market Intelligence, shares of Tempus AI have risen 12% from the end o ...

Group 1 - Canadian National Railway Company (CNI) is investing $80 million CAD in New Brunswick and Nova Scotia as part of its 2025 capital investment program, indicating strong confidence in the region's economic potential and freight rail future [1][10] - The investment focuses on track maintenance and strategic infrastructure initiatives to enhance rail operations, including upgrades at railyards and the Autoport facility in Eastern Passage, Nova Scotia, ensuring safe goods movement and supporting long-term sustainable growth [2][10] - CNI's president, Tracy Robinson, emphasized that investing in the network is about building for the future, aiming to strengthen the resiliency and efficiency of the network across Atlantic Canada while providing exceptional service to customers [3] Group 2 - CNI's ongoing commitment to infrastructure is evident as it spent nearly $84 million CAD last year in the same regions for track maintenance and infrastructure initiatives, focusing on rail and tie replacements, grade crossing work, and structure maintenance [3] - The company is not slowing down its expansion plans, having made significant investments in other provinces, including $290 million CAD in Saskatchewan, $475 million CAD in Quebec, $165 million CAD in Manitoba, $510 million CAD in Alberta, and $600 million CAD in Ontario [4][10] - These robust initiatives are expected to strengthen investor confidence and support the long-term performance of CNI's stock [5]

As a business model, this all leaves much to be desired. I certainly wouldn't invest in Plug Power myself. But as RenewablesNow.com points out today, Plug is pleading with investors to approve at least one of the above options so that it can remain in business. As a consolation prize, Plug is also assuring investors that if they raise the ceiling on shares outstanding, it can avoid the reverse-split option. Plug Power presents shareholders with an offer they cannot (afford to) refuse. Shares of Plug Power ( ...