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Article: Yum! Brands Inc. Reports Strong Third-Quarter 2007 EPS Growth of 20% or $0.50 Per Share; Raises Full-Year EPS Growth Forecast to 13% from 12%; Plans $4 Billion in Share Repurchases Over Next Two Years.
- Article from:
- Business Wire
- Article date:
- October 8, 2007
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LOUISVILLE, Ky. -- Yum! Brands Inc. (NYSE: YUM) today reported results for the third quarter ended September 8, 2007.
THIRD-QUARTER HIGHLIGHTS
* Worldwide system-same-store-sales growth of 4%, including 11% growth in mainland China, 7% growth in Yum! Restaurants International Division (YRI), and 1% growth in the U.S.
* Strong double-digit system-sales growth from mainland China, +33%, and YRI, +16%.
* Continued strong international restaurant unit growth: mainland China, +20%; YRI, +4%, the nineteenth consecutive quarter of at least 3% year-over-year YRI unit growth, our ongoing growth target.
* Strong worldwide ...