Food Business News - December 20, 2011 - (Page 12)

forward-looking indicators improved in October, which pushed the expectations index to its highest level in four months.” The R.P.I.’s current situation index was 99.5 in October, down from 100.1 in September. Restaurant operators reported positive same-stores sales for the fifth consecutive month in October, with 45% of operators reporting a same-store sales gain between October 2010 and October 2011. However, the number was down from 50% who reported a sales gain in September. Customer traffic was softer in October with 37% of operators reporting higher customer traffic from the previous year while 39% reported a traffic decline. This compared with 43% of operators that reported higher customer traffic in September. The expectations index portion of the R.P.I. was up to 100.5 — the highest level in four months. Operators were also fairly optimistic about sales growth in coming months with 35% of operators expecting to have higher sales in six months and only 15% of operators expecting to have their sales volume lower in six months. Additionally, 26% of operators said they expect the overall economic conditions to improve in six months, which was up from 22% who said the same the previous month. FBN Yum! raises guidance on global strength LOUISVILLE — Yum! Brands Inc. has raised its 2011 full-year earnings-pershare growth forecast to at least 13%, or $2.85 per share on the common stock, excluding special items, up from previous guidance of 12%. The company also said it expects to deliver at least 12% e.p.s. growth in fiscal 2012. “This has been a strong year led by our China and Yum! Restaurant International businesses, and I’m pleased to report we have raised our 2011 full-year e.p.s. growth forecast to at least 13%, despite our disappointing U.S. results,” said David C. Novak, chairman and chief executive officer. “We are pleased our global portfolio is delivering another strong year of e.p.s. growth, with our leading position in emerging markets growing stronger. “We are well positioned for another strong year in 2012 given our robust international new unit development, innovative marketing and operating plans, as well as the opportunity to dramatically improve U.S. performance.” Looking ahead to 2012, Yum! expects to open about 1,500 new international units, including 600 in China, 800 at Yum! Restaurants International and 100 units in India. FBN 12 FOODBUSINESS NEWS ® December 20, 2011

Table of Contents for the Digital Edition of Food Business News - December 20, 2011

Food Business News - December 20, 2011
Government to decide on B.P.A. ban by March 31
Dairy Business News - Higher prices lead to sluggish fresh milk sales
Commodity, ingredient prices trending lower at year end
Editorial - Food revolution in wake of food truck growth
Food companies alleging egg price fixing from 1999 to 2008
Nestle details progress made on nutrition front
NPD Group: Restaurant traffic flat in 2011
Yum! raises guidance on global strength
Coca-Cola forms partnerships to develop 100% plant-based bottles
Lempert sees economizing as key trend in 2012
Blount buys Cape Cod Chowder Co.
Falconhead Capital acquires Rita’s Water Ice Franchise
Better margins seen in 2012
Sara Lee to buy Dutch cafe store operator
Sara Lee to base North American Meats in Chicago
Clearer picture of local food
Smithfield Foods income falls 16% in second quarter
Earnings filing delay for Diamond Foods
Health and Wellness - Researchers shed light on probiotics benefits
Ingredient Innovations - Oils factor into french fry innovation
Dairy Business News - Dairy Ingredients Symposium to be held in March
Dairy Business News - Cultures increase cottage cheese yield
Dairy Business News - WhiteWave moves ahead on sustainability initiatives
Dairy Business News - Steve Millard to lead Emmi Roth USA
Dairy Business News - October nonfat dry milk output down 12% from year ago
New Product Trends - Local foods, children's nutrition top N.R.A. trends
New Product Trends - Niman Ranch introduces all-natural beef entrees
New Product Trends - Pamela’s Products launches Whenever Bars
New Product Trends - Mission Foods adds Artisan Style Tortillas
New Product Trends - Sunsweet launches Plum Amazins
Food Ingredients Europe
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News - Cocoa production method wins Fi Europe honor
Supplier Innovations and News - System reduces acrylamide level in coffee
Supplier Innovations and News - Kalsec introduces specialty flavors
Supplier Innovations and News - Vitiva launches Sweet’nVit stevia brand
Supplier Innovations and News - Spicetec hires technical services specialist
Supplier Innovations and News - Ingredient adds shelf life, works in flavor system
Ad Index
Food Business in the News

Food Business News - December 20, 2011