Yum Brands (YUM) is down several points in premarket trading. People in China are too chicken to eat at KFC right now. The outbreak of the bird flu is stirring fears about the safety of poultry products. China accounts for more than half of Yum's sales. Year-to-date the company has vastly underperformed the market. Yum has an 11-year streak of double-digit profit growth, but is now in danger of breaking that.
Facebook (FB) is flat this morning, but it rose more than 3.5% yesterday. Shares climbed on several pieces of good news including an official announcement from General Motors (GM) that it will resume advertising on the social network. Facebook has also announced a new tool to tailor ads better to its users. And the company has begun rolling-out enhancements to its "status update" feature. Facebook has underperformed since the start of the year. Shares are currently about $10 below their IPO price last spring.
Next up is Zumiez (ZUMZ), which has been up as much as 10% since the closing bell. The action-sports clothing company says sales in March were much better than expectations. Revenue was up more than 2%, when consensus was for a drop of more than 7%. Zumiez says it has had success raising prices without slowing sales. The company is well off its highs, which it hit last June, but has been making slow gains.
Finally, there's Apogee (APOG). Investors may want an apology. The stock has been looking sorry, down as much as 7% in extended trading. But keep this in mind: shares have been up 150-percent in the past year. Apogee makes glass products. It reported earnings yesterday afternoon, missing estimates of 17-cents by 2-cents. The company's full-year guidance was also at the lower end of forecasts.
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