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Article: Yum! Brands Inc. Reports Third Quarter 2009 EPS Growth of 21%, Excluding Special Items; Led by Robust China Profit Growth of 32%; Raises Full-Year EPS Growth Forecast to 12%, Excluding Special Items.
- Article from:
- China Weekly News
- Article date:
- October 20, 2009
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Yum! Brands Inc. (NYSE: YUM) reported Earnings Per Share (EPS) of $0.69, or $0.70 excluding special items, for the third quarter ended September 5, 2009. THIRD-QUARTER HIGHLIGHTS International development continued at a strong pace with 267 new restaurants including 88 new units in mainland China and 165 new units in Yum! Restaurants International (YRI).
System sales growth of +11% in mainland China and +4% in YRI was offset by a 5% decline in the U.S. resulting in flat worldwide system sales in local currency terms; worldwide system sales declined 4% after foreign currency translation.
Worldwide restaurant margin improved over 3 percentage points ...