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Burger King: cold weather to blame for sales slump (The Sun Sentinel - Business) - Mar 10, 2010

S and Canada January sales were impacted by adverse weather conditions, which worsened in February, resulting in lower than anticipated sales.''. Burger King attributed about 3 percentage points of the sales decline to ``inclement weather'' in the Central and Eastern United States, where over 75 percent of the chain's restaurants are located. But the company offered no explanation for the rest of the drop, which is likely due to a combination of less restaurant traffic and customers gravitating toward lower priced items like the controversial $1 double cheeseburger. ``We believe that same store sales have remained weak lately, which makes us believe the issue is bigger than weather,'' UBS restaurant analyst David Palmer wrote Tuesday in a note. 
Recent Research on Burger King Holdings, Inc. (BKC)
Burger King 2009 Annual Shareholders Meeting (Thomson Street Events)- Nov 19, 2009
Q1 2010 Burger King Earnings Conference Call (Thomson Street Events)- Oct 29, 2009
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Share:  ``We believe that same store sales have remained weak lately, which makes us believe the issue is bigger than weather,'' UBS restaurant analyst <span class="analyst">David Palmer</span> wrote Tuesday in a note. Tweet this 

Burger King blames cold weather for sales drop (MiamiHerald.com: Business) - Mar 10, 2010

S and Canada January sales were impacted by adverse weather conditions, which worsened in February, resulting in lower than anticipated sales.''. Burger King attributed about 3 percentage points of the sales decline to ``inclement weather'' in the Central and Eastern United States, where over 75 percent of the chain's restaurants are located. But the company offered no explanation for the rest of the drop, which is likely due to a combination of less restaurant traffic and customers gravitating toward lower priced items like the controversial $1 double cheeseburger. ``We believe that same store sales have remained weak lately, which makes us believe the issue is bigger than weather,'' UBS restaurant analyst David Palmer wrote Tuesday in a note. 
Share:  ``We believe that same store sales have remained weak lately, which makes us believe the issue is bigger than weather,'' UBS restaurant analyst <span class="analyst">David Palmer</span> wrote Tuesday in a note. Tweet this 

Yum hits 18-month high after upgrade (BusinessWeek) - Mar 09, 2010

UBS analyst David Palmer boosted his rating on the owner of KFC, Taco Bell and Pizza Hut to "Buy" from "Neutral." 
Recent Research on Yum! Brands, Inc. (YUM)
Yum! Brands Inc. (Moody's Global Credit Research)- Jan 13, 2010
Yum! Brands Inc. (S&P Credit Research)- Nov 06, 2009
Summary: Yum! Brands Inc. (S&P Credit Research)- Nov 06, 2009
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Share:  UBS analyst <span class="analyst">David Palmer</span> boosted his rating on the owner of KFC, <span class="company">Taco Bell</span> and Pizza Hut to "Buy" from "Neutral." Tweet this 

UBS upgrades Yum Brands, shares climb to 18-month high (CanadianBusiness.com) - Mar 09, 2010

UBS analyst David Palmer boosted his rating on the owner of KFC, Taco Bell and Pizza Hut to "Buy" from "Neutral." 
Share:  UBS analyst <span class="analyst">David Palmer</span> boosted his rating on the owner of KFC, <span class="company">Taco Bell</span> and Pizza Hut to "Buy" from "Neutral." Tweet this 

Stocks a year ago today: Ugly The outlook now: Caution (The Globe and Mail - Glone Investor RSS feed) - Mar 09, 2010

Of doughnuts, coffee and stock prices. UBS Securities Canada this morning raised its price target on Tim Hortons Inc. THI T by a dollar, citing what it called a successful presentation to analysts last week. Its target is now $38, and its earnings per share estimates "moderately" higher. Analysts Vishal Shreedhar and David Palmer said in a research note that UBS believes Tim Hortons is "a strong company characterized by low relative risk, high returns, and continued growth, underpinned by accelerating progress in the U. S.". From today's Report on Business 
Recent Research on Tim Hortons Inc (THI)
Tim Hortons Inc. at Cowen and Company Consumer Conference (Thomson Street Events)- Jan 12, 2010
Q3 2009 Tim Hortons Inc. Earnings Conference Call (Thomson Street Events)- Oct 30, 2009
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Share:  Analysts Vishal Shreedhar and <span class="analyst">David Palmer</span> said in a research note that UBS believes <span class="company">Tim Hortons</span> is "a strong company characterized by low relative risk, high returns, and continued growth, underpinned by accelerating progress in the U. S.". Tweet this 

UBS upgrades Yum Brands to 'buy' (Louisville Business First) - Mar 09, 2010

In a research report released Tuesday, UBS financial analyst David Palmer cited increasing sales at its Pizza Hut and Taco Bell restaurants and stabilizing fast food sales in China as reasons for the upgrade. 
Share:  In a research report released Tuesday, UBS financial analyst <span class="analyst">David Palmer</span> cited increasing sales at its Pizza Hut and <span class="company">Taco Bell</span> restaurants and stabilizing fast food sales in China as reasons for the upgrade. Tweet this 

UBS upgrades Yum Brands to ‘buy’ (BizJournals - Latest News) - Mar 09, 2010

In a research report released Tuesday, UBS financial analyst David Palmer cited increasing sales at its Pizza Hut and Taco Bell restaurants and stabilizing fast food sales in China as reasons for the upgrade. 
Share:  In a research report released Tuesday, UBS financial analyst <span class="analyst">David Palmer</span> cited increasing sales at its Pizza Hut and <span class="company">Taco Bell</span> restaurants and stabilizing fast food sales in China as reasons for the upgrade. Tweet this 

Yum Up 4% on UBS Upgrade (Barron's (blog)) - Mar 09, 2010

Shares of KFC and Pizza Hut owner Yum Brands ( YUM ) are higher by $1.31, or 3.7%, at $36.71, after UBS Securities analyst David Palmer raised his rating on the stock to "Buy" from "Neutral" and lifted his price target to $44 from $38, writing that the company is poised to see a higher return on invested capital and more stable earnings through refranchising. 
Share:  Shares of KFC and Pizza Hut owner Yum Brands ( <span class="company">YUM</span> ) are higher by $1.31, or 3.7%, at $36.71, after UBS Securities analyst <span class="analyst">David Palmer</span> raised his rating on the stock to "Buy" from "Neutral" and lifted his price target to $44 from $38, writing that the company is poised to see a higher return on invested capital and more stable earnings through refranchising. Tweet this 

20 reasons to ‘buy' Canada (not including hockey) (The Globe and Mail - Glone Investor RSS feed) - Mar 09, 2010

Of doughnuts, coffee and stock prices. UBS Securities Canada this morning raised its price target on Tim Hortons Inc. THI T by a dollar, citing what it called a successful presentation to analysts last week. Its target is now $38, and its earnings per share estimates "moderately" higher. Analysts Vishal Shreedhar and David Palmer said in a research note that UBS believes Tim Hortons is "a strong company characterized by low relative risk, high returns, and continued growth, underpinned by accelerating progress in the U. S.". From today's Report on Business 
Share:  Analysts Vishal Shreedhar and <span class="analyst">David Palmer</span> said in a research note that UBS believes <span class="company">Tim Hortons</span> is "a strong company characterized by low relative risk, high returns, and continued growth, underpinned by accelerating progress in the U. S.". Tweet this 

Kraft Foods, Inc.’s (KFT) Fourth-Quarter Review (Benzinga) - Feb 16, 2010

Analysts David Palmer and Jeffrey Birnbaum at UBS (NYSE: UBS) have released a report reviewing the fourth quarter at Kraft Foods, Inc. (NYSE: KFT). The company has reported results for the fourth quarter today The company managed to surpass EPS expectations However, analysts believe that investors were equally focused on the volume/mix line, which increased by 16% 
Recent Research on Kraft Foods Inc. (KFT)
Summary: Kraft Foods Inc. (S&P Credit Research)- Feb 09, 2010
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Share:  Analysts <span class="analyst">David Palmer</span> and Jeffrey Birnbaum at UBS (NYSE: UBS) have released a report reviewing the fourth quarter at Kraft Foods, Inc. (NYSE: KFT). Tweet this 

Ralcorp shares up after better 1Q results (BusinessWeek) - Feb 05, 2010

Total sales grew 2 percent to $9919 million, due largely to gains from the recently acquired Harvest Manor Farms, which offset drops in other business Analysts polled by Thomson Reuters expected Ralcorp to earn $103 per share for the quarter on revenue of $9885 million UBS analyst David Palmer maintained a "Buy" rating on Ralcorp but increased his share price target to $72 from $69 In a note to investors, Palmer said deflation and ongoing promotion spending by branded food makers has limited sales volume growth of private label food makers like Ralcorp, a trend which continue for one or two quarters But the company is beginning to see the savings from its acquisition of Post cereal, as well as growth in that unit and its frozen bakery business 
Recent Research on Ralcorp Holdings, Inc. (RAH)
Summary: Ralcorp Holdings Inc. (S&P Credit Research)- Dec 08, 2009
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Share:  UBS analyst <span class="analyst">David Palmer</span> maintained a "Buy" rating on <span class="company">Ralcorp</span> but increased his share price target to $72 from $69 In a note to investors, Palmer said deflation and ongoing promotion spending by branded food makers has limited sales volume growth of private label food makers like <span class="company">Ralcorp</span>, a trend which continue for one or two quarters Tweet this 

Ahead of the Bell: Kraft upgraded (BusinessWeek) - Feb 03, 2010

Ahead of the Bell: Kraft upgraded NEW YORK Kraft's successful bid for European candy maker Cadbury could put the company in a good position to benefit from both better productivity in Europe and growth in emerging markets, a UBS analyst said Wednesday. Analyst David Palmer and upgraded Kraft's stock to "Buy" 
Share:  Analyst <span class="analyst">David Palmer</span> and upgraded <span class="company">Kraft</span>'s stock to "Buy" Tweet this 

Analysts expects Kraft's $19.5 billion Cadbury acquisition will positive ... (CanadianBusiness.com) - Feb 03, 2010

NEW YORK (AP) , Kraft's successful bid for European candy maker Cadbury could put the company in a good position to benefit from both better productivity in Europe and growth in emerging markets, a UBS analyst said Wednesday. Analyst David Palmer and upgraded Kraft's stock to "Buy" 
Share:  Analyst <span class="analyst">David Palmer</span> and upgraded <span class="company">Kraft</span>'s stock to "Buy" Tweet this 

UBS: McDonald's Looks Nice in 2010 (Barron's (blog)) - Jan 26, 2010

By Tiernan Ray The flow of positive comments on McDonald's ( MCD ) continues after the company Friday beat profit estimates for its Q4. Yesterday Morgan Stanley analysts raised its 2010 earnings estimate for MCD, today, UBS Securities analyst David Palmer raised his price target to $72 from $67, writing that the company continues to gain share.  
Recent Research on McDonald's Corporation (MCD)
McDonald's Corporation Analyst Meeting (Thomson Street Events)- Nov 12, 2009
Q3 2009 McDonald's Corporation Earnings Conference Call (Thomson Street Events)- Oct 22, 2009
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Share:  By Tiernan Ray The flow of positive comments on McDonald's ( <span class="company">MCD</span> ) continues after the company Friday beat profit estimates for its Q4. Yesterday Morgan Stanley analysts raised its 2010 earnings estimate for <span class="company">MCD</span>, today, UBS Securities analyst <span class="analyst">David Palmer</span> raised his price target to $72 from $67, writing that the company continues to gain share. Tweet this 

MCD's Earnings Results (Financial 24) - Jan 22, 2010

Taking a look at McDonald's numbers, with David Palmer, UBS sr restaurant analyst 
Share:  Taking a look at <span class="company">McDonald</span>'s numbers, with <span class="analyst">David Palmer</span>, UBS sr restaurant analyst.... Copy & paste link your blog ( ). Tweet this 

Burger King beefs up in battle with Big Mac (Financial Times) - Jan 22, 2010

For years Burger King's golden crown has lacked the lustre of McDonald's golden arches. But the home of the Whopper is now trying to lift its gameMcDonald's dwarfs its rival in almost every wayIt has 31,000 restaurants globally, compared with Burger King 
Share:  For years Burger King's golden crown has lacked the lustre of McDonald's golden arches. But the home of the Whopper is now trying to lift its game Tweet this 

Milk Could Sour These 8 Companies' Profits (The Motley Fool) - Dec 17, 2009

but a lot of milk and cream also go into all those lattes and light and sweets Starbucks (Nasdaq: SBUX ) grabbed attention in an early October Wall Street Journal article, in which David Palmer of UBS forecast that if milk simply held steady at then current prices which had already started to move up from earlier in the year Starbucks would take a few cents per share hit in 2010 And if milk prices actually head north, the impact to the $1 per share that analysts expect the company to earn could be substantial (Starbucks responded to the article by noting its recent practices that hedge a portion of its milk costs) 
Recent Research on Starbucks Corporation (SBUX)
Q4 2009 Starbucks Earnings Conference Call (Thomson Street Events)- Nov 05, 2009
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Share:  <span class="company">Starbucks</span> (Nasdaq: SBUX ) grabbed attention in an early October Wall Street Journal article, in which <span class="analyst">David Palmer</span> of UBS forecast that if milk simply held steady at then current prices Tweet this 

UBS analyst upgrades Darden Restaurants to 'Buy,' says industry trends improving (Minneapolis Star Tribune) - Dec 16, 2009

CHICAGO , Shares of restaurant owner Darden Restaurants Inc., which operates Olive Garden, Red Lobster and Longhorn Steakhouse, climbed Wednesday after an analyst upgraded the stock. In a research note published Wednesday, UBS analyst David Palmer boosted his rating to "Buy" from "Neutral," saying the stock was a better value and the restaurant industry's sales began improving in November Palmer said stock prices for Darden are at "compelling levels" and that the restaurant company's fiscal third quarter results should be "particularly strong" Orlando based Darden reports its second quarter results Thursday 
Recent Research on Darden Restaurants, Inc. (DRI)
Q2 2010 Darden Restaurants Earnings Conference Call (Thomson Street Events)- Dec 18, 2009
Darden Restaurants, Inc. (Moody's Global Credit Research)- Nov 26, 2009
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Share:  In a research note published Wednesday, UBS analyst <span class="analyst">David Palmer</span> boosted his rating to "Buy" from "Neutral," saying the stock was a better value and the restaurant industry's sales began improving in November Tweet this 

UBS upgrades Darden, sees hope for restaurants (Real Clear Markets) - Dec 16, 2009

, 2009 UBS upgrades Darden, sees hope for restaurants The Associated Press Shares of restaurant owner Darden Restaurants Inc., which operates Olive Garden, Red Lobster and Longhorn Steakhouse, climbed Wednesday after an analyst upgraded the stock. In a research note published Wednesday, UBS analyst David Palmer boosted his rating to "Buy" from "Neutral," saying the stock was a better value and the restaurant industry's sales began improving in November Palmer said stock prices for Darden are at "compelling levels" and that the restaurant company's fiscal third quarter results should be "particularly strong" Orlando based Darden reports its second quarter results on Friday 
Share:  In a research note published Wednesday, UBS analyst <span class="analyst">David Palmer</span> boosted his rating to "Buy" from "Neutral," saying the stock was a better value and the restaurant industry's sales began improving in November Tweet this 

Are Ads True? New Lawsuits Ask for Proof (NYT - Media & Advertising) - Nov 21, 2009

The damage was already done. Unit sales in the General Mills category that includes Progresso (called, unappetizingly, ready to serve wet soups) rose in the fourth quarter of 2008, compared with the same quarter a year earlier, said Information Resources, a research firm in Chicago. But since then, unit sales of wet soups at both companies have declined every quarter. A UBS analyst, David Palmer, attributed the drop largely to the scorched earth advertising battle. "They're navel gazing and they're not thinking about what consumers want to hear — they're just talking at conference tables about how to strike back or how their integrity has been affected," said James P. Othmer, author of "Adland: Searching for the Meaning of Life on a Branded Planet." "They get caught up in each other's messages." .  
Recent Research on General Mills, Inc. (GIS)
Summary: General Mills Inc. (S&P Credit Research)- Dec 24, 2009
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Share:  A UBS analyst, <span class="analyst">David Palmer</span>, attributed the drop largely to the scorched earth advertising battle. "They're navel gazing and they're not thinking about what consumers want to hear — they're just talking at conference tables about how to strike back or how their integrity has been affected," said James P. Othmer, author of "Adland: Searching for the Meaning of Life on a Branded Planet." "They get caught up in each other's messages." . Tweet this 

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David Palmer

UBS

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