Core Insights - The pizza chain operates nearly 20,000 locations globally [1] - The company has reported declining same-store sales for several consecutive quarters [1] Company Overview - The pizza chain has a significant global presence with nearly 20,000 locations [1] - Recent performance indicates challenges, as evidenced by declining same-store sales [1]

Core Viewpoint - Yum Brands is exploring strategic options for Pizza Hut due to its underperformance and the need for additional actions to realize the brand's full value, which may be better executed outside of Yum [1] Group 1: Strategic Review - The company has not set a deadline for the review process, and potential outcomes may include divestiture, joint venture, or sale of a stake in Pizza Hut [2] - The review aims to address the challenges faced by Pizza Hut and improve its market position [1][2] Group 2: Historical Context - Pizza Hut has been part of Yum Brands alongside KFC and Taco Bell since PepsiCo spun off the restaurants in 1997 [3] - The announcement follows years of struggle for Pizza Hut, which has attempted to reposition itself as a delivery and carryout option [3][4] Group 3: Market Performance - Before the pandemic, Pizza Hut faced challenges in shifting its image from a dine-in venue to a delivery service [4] - Following a surge in sales during the pandemic, the chain has experienced a decline due to "pizza fatigue" as restrictions eased [4] - Pizza Hut's market share in the U.S. pizza market has decreased from 22.6% in 2019 to 18.7% in 2024, losing customers to competitors like Domino's Pizza [5] Group 4: Industry Trends - Other restaurant companies are divesting struggling parts of their businesses to improve balance sheets, indicating a trend in the industry [5][6] - Recent examples include Starbucks selling a majority stake in its China business and Jack in the Box divesting Del Taco for $115 million [6]

Starbucks is forming a joint venture with Chinese alternative asset management firm Buoyu Capital to operate the coffee chains locations in China. That deal is valued at $4 billion. Buyu will hold up to a 60% interest in the joint venture with Starbucks holding the 40% stake.The company though has conducted a monthslong review of options for its China business which includes about 8,000 coffee shops. Boy's founders include the grandson of one of China's former presidents. And if you look at Starbucks shares ...

Starbucks is forming a joint venture with Chinese alternative asset management firm Buoyu Capital to operate the coffee chains locations in China. That deal is valued at $4 billion. Buyu will hold up to a 60% interest in the joint venture with Starbucks holding the 40% stake.The company though has conducted a monthslong review of options for its China business which includes about 8,000 coffee shops. Boy's founders include the grandson of one of China's former presidents. And if you look at Starbucks shares ...

Palantir Technologies (PLTR) - Palantir reported Q3 revenue of $1.18 billion, a 63% year-over-year increase, driven by a 77% surge in U.S. revenue, with U.S. commercial revenue growing by 121% and U.S. government revenue by 52% [3][4] - The company closed 204 deals worth over $1 million, totaling $2.76 billion in contract value, and increased its customer count by 45% year-over-year [4] - Palantir raised its Q4 revenue guidance and lifted its full-year revenue outlook, along with higher forecasts for operating profit and free cash flow [4] Denny's (DENN) - Denny's will be taken private in a deal valued at approximately $620 million, including debt, with shareholders receiving $6.25 per share, representing a 52% premium to the closing stock price [5] - The acquisition is led by TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises, one of Denny's largest franchisees [5] Starbucks (SBUX) - Starbucks has agreed to sell a majority stake in its China business to Boyu Capital for an enterprise value of $4 billion, with Boyu Capital set to operate the retail business in China [6] - Under the agreement, Boyu will hold up to a 60% stake, while Starbucks retains the remaining interest, expecting the total value of its China retail business to exceed $13 billion [6]

Palantir Technologies (PLTR) - Palantir reported Q3 results with a revenue increase of 63% year-over-year, reaching $1.18 billion, driven by a 77% surge in U.S. revenue, including 121% growth in U.S. commercial and 52% growth in U.S. government segments [3][4] - The company closed 204 deals worth over $1 million, totaling $2.76 billion in contract value, and saw a 45% year-over-year increase in customer count [4] - Palantir raised its Q4 revenue guidance and lifted its full-year revenue outlook, along with higher forecasts for operating profit and free cash flow [4] Denny's (DENN) - Denny's will be taken private in a deal valued at approximately $620 million, including debt, with shareholders receiving $6.25 per share, representing a 52% premium to the closing stock price [5] - The acquisition is led by TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises, one of Denny's largest franchisees [5] Starbucks (SBUX) - Starbucks has agreed to sell a majority stake in its China business to Boyu Capital for an enterprise value of $4 billion, with Boyu expected to hold up to a 60% stake [6] - Starbucks anticipates that the total value of its China retail business will exceed $13 billion [6]

Group 1: Canada's Budget - Canada's upcoming budget is expected to include a significant C$50-billion local infrastructure fund aimed at boosting local development and economic growth [2][8] - The budget is also anticipated to allocate up to C$1-billion to attract high-quality talent and researchers, particularly from the U.S. and other international locations [2][8] Group 2: China's Export Initiative - China's Commerce Minister has announced a "Big Market for All: Export for China" initiative, consisting of 10 major events to enhance countries' export capabilities to China [3][8] - The initiative aims to position China as the premier export destination globally, promoting proactive opening up and win-win cooperation [3][8] Group 3: Yum China Financial Performance - Yum China Holdings Inc. reported a strong Q3 financial performance with an adjusted operating profit of $400 million and net income of $282 million [4][8] - The adjusted earnings per share (EPS) for the quarter stood at $0.76 [4][8] Group 4: Barclays Downgrade of Hermes - Barclays has downgraded luxury brand Hermes International to Equal Weight from Overweight, reflecting a shift in market sentiment [5][8] - The target price for Hermes shares has been reduced from EUR 2510 to EUR 2310 [5][8] Group 5: ADNOC and Shell LNG Deal - ADNOC has secured a long-term 15-year supply agreement with Shell for 1 million tonnes per annum (MTPA) of liquefied natural gas from the Ruwais LNG project [6][8] Group 6: UK Gilt Auction - The UK successfully sold GBP5 billion in 4% 2029s gilts, with a bid-to-cover ratio of 3.06x, indicating solid demand for UK government debt [9] - The average yield for the gilts decreased to 3.845% from the prior 4.095%, further reflecting healthy market interest [9]

Strong Operating Profit, Up 8% YoY to $400 million Powered by Same-Store Sales Growth, Accelerated New Store Openings and Margin ExpansionAchieved 11 Consecutive Quarters of Same-Store Transaction Growth On Track to Return Approximately $1.5 billion to Shareholders in 2025SHANGHAI, Nov. 4, 2025 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today reported unaudited results for the third quarter ended September 30, 2025. Get the latest news delivered to ...

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: Starbucks sold a majority stake of its China business to Boyu Capital for $4 billion as it plans to form a joint venture managing operations in the country, the company said in a Monday press release. Boyu will acquire a 60% stake in the business while Starbucks will retain 40% and continue to own and license the brand and intellectual property ...

Core Insights - Denny's, a restaurant chain based in South Carolina, has agreed to be acquired by a consortium led by TriArtisan Capital Advisors for a total transaction value of $620 million, including debt [1] - Shareholders of Denny's will receive $6.25 in cash per share, reflecting a significant premium over recent trading prices [2] Acquisition Details - The acquisition offer represents a 52.1% premium to Denny's closing share price on November 3, 2025, and a 36.8% premium to the company's 90-day volume-weighted average price [2] - The deal is expected to close in the first quarter of 2026, subject to customary closing conditions such as shareholder approval and regulatory clearances [4] Strategic Review - Denny's board conducted a thorough review of strategic alternatives after receiving interest from TriArtisan, reaching out to over 40 potential buyers and receiving multiple offers [3] - The board concluded that the transaction maximizes value for shareholders and is in their best interests, following consultations with external financial and legal advisors [4] Post-Acquisition Changes - Upon completion of the acquisition, Denny's common stock will be delisted from Nasdaq [5] - Truist Securities is serving as the financial advisor for Denny's, while several law firms are providing legal counsel for both Denny's and TriArtisan [5]