We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Yum! Brands (YUM) Pizza Hut Unveils The Hut Lane Across Stores
Read MoreHide Full Article
In a bid to boost safety and convenience for digital orders amid the pandemic, Yum! Brands, Inc.’s (YUM - Free Report) Pizza Hut recently announced the launch of The Hut Lane.
Notably, the new pickup initiative is a part of the brand's long-term strategy to modernize through digital ordering and improved customer experiences. With a dedicated digital order pick-up window available at more than 1,500 locations, the Hut Lane service can be accessed through the Pizza Hut app and pizzahut.com as well as for orders placed over the phone.
In case of unavailability of the lane in stores, the orders will pass through Pizza Hut's Contactless Curbside Pickup. Nevertheless, the idea represents the next evolution of breakthrough experience, thereby offering safety, convenience and speed without customers having to park cars.
With respect to the launch, Nicolas Burquier, chief customer & operations officer, Pizza Hut, stated, "Not only do we offer industry-leading, innovative menu items that are only available at Pizza Hut, we also offer several digital-first pick-up options for our customers, and The Hut Lane is a great example of that."
Going forward, the company continues to develop plans for additional Hut Lane in-store branding elements and anticipates the roll out in the near future.
Price Performance
Coming to price performance, shares of Yum! Brands’ have inched up 1.1% so far this year compared with the industry's 5.7% growth. Notably, the company has been impacted by the coronavirus pandemic. Due to the crisis, Yum! Brands and its franchisees experienced store closures and instances of reduced store-level operations, including lesser operating hours and dining-room closures. Moreover, restaurant traffic has been significantly impacted by social-distancing protocols.
Nevertheless, continuous focus on off-premise channels, strategic investments in digital technology and refranchising efforts are likely to help the company going forward. Moreover, the company has implemented various digital features in mobile and online platforms across all brand segments to enhance guest experience. Also, earnings estimates for 2021 have moved up in the past 60 days, depicting analysts’ optimism regarding the stock’s growth potential.
Some better-ranked stocks in the same space include Darden Restaurants, Inc. (DRI - Free Report) , Jack in the Box Inc. (JACK - Free Report) and Chuy's Holdings, Inc. (CHUY - Free Report) , each carrying a Zacks Rank #2 (Buy).
Darden 2021 earnings are expected to rise 24.9%.
Jack in the Box has three-five-year earnings per share growth rate of 17%.
Chuy's Holdings has a trailing four-quarter earnings surprise of 126.5%, on average.
5G Revolution: 3 Stocks to Make Your Move
With super high data speed, it will make current cell phones obsolete and unlock the full potential of big data, cloud computing, and artificial intelligence. In the next few years this industry is predicted to create 22 million jobs and a stunning $12.3 trillion in revenue.
Today you have an historic chance to pursue almost unimaginable gains like Microsoft, Netflix, and Apple in their early phases. Zacks has released a Special Report that reveals our . . .
Image: Bigstock
Yum! Brands (YUM) Pizza Hut Unveils The Hut Lane Across Stores
In a bid to boost safety and convenience for digital orders amid the pandemic, Yum! Brands, Inc.’s (YUM - Free Report) Pizza Hut recently announced the launch of The Hut Lane.
Notably, the new pickup initiative is a part of the brand's long-term strategy to modernize through digital ordering and improved customer experiences. With a dedicated digital order pick-up window available at more than 1,500 locations, the Hut Lane service can be accessed through the Pizza Hut app and pizzahut.com as well as for orders placed over the phone.
In case of unavailability of the lane in stores, the orders will pass through Pizza Hut's Contactless Curbside Pickup. Nevertheless, the idea represents the next evolution of breakthrough experience, thereby offering safety, convenience and speed without customers having to park cars.
With respect to the launch, Nicolas Burquier, chief customer & operations officer, Pizza Hut, stated, "Not only do we offer industry-leading, innovative menu items that are only available at Pizza Hut, we also offer several digital-first pick-up options for our customers, and The Hut Lane is a great example of that."
Going forward, the company continues to develop plans for additional Hut Lane in-store branding elements and anticipates the roll out in the near future.
Price Performance
Coming to price performance, shares of Yum! Brands’ have inched up 1.1% so far this year compared with the industry's 5.7% growth. Notably, the company has been impacted by the coronavirus pandemic. Due to the crisis, Yum! Brands and its franchisees experienced store closures and instances of reduced store-level operations, including lesser operating hours and dining-room closures. Moreover, restaurant traffic has been significantly impacted by social-distancing protocols.
Nevertheless, continuous focus on off-premise channels, strategic investments in digital technology and refranchising efforts are likely to help the company going forward. Moreover, the company has implemented various digital features in mobile and online platforms across all brand segments to enhance guest experience. Also, earnings estimates for 2021 have moved up in the past 60 days, depicting analysts’ optimism regarding the stock’s growth potential.
Zacks Rank & Key Picks
Yum! Brands currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the same space include Darden Restaurants, Inc. (DRI - Free Report) , Jack in the Box Inc. (JACK - Free Report) and Chuy's Holdings, Inc. (CHUY - Free Report) , each carrying a Zacks Rank #2 (Buy).
Darden 2021 earnings are expected to rise 24.9%.
Jack in the Box has three-five-year earnings per share growth rate of 17%.
Chuy's Holdings has a trailing four-quarter earnings surprise of 126.5%, on average.
5G Revolution: 3 Stocks to Make Your Move
With super high data speed, it will make current cell phones obsolete and unlock the full potential of big data, cloud computing, and artificial intelligence. In the next few years this industry is predicted to create 22 million jobs and a stunning $12.3 trillion in revenue.
Today you have an historic chance to pursue almost unimaginable gains like Microsoft, Netflix, and Apple in their early phases. Zacks has released a Special Report that reveals our . . .
Download now. Today the report is FREE >>