Industry News | May 1, 2007

YUM! Brands Inc. Reports 2007 Q1 Results

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Yum! Brands Inc. today reported results for the first quarter ended March 24, 2007. Highlights for the first quarter include:

•Worldwide operating profit increased 12 percent.

•Strong double-digit operating-profit growth from YUM's international divisions: China, +31 percent, and YRI, +25 percent.

•Mainland China restaurant unit growth of 19 percent.

•China Division restaurant margin improved 1.1 percent.

•Yum! Restaurants International Division (YRI) unit growth of 4 percent, the 17th consecutive quarter of at least 3 percent year-over-year unit growth, our ongoing growth target.

•Average diluted shares outstanding were reduced by 4 percent, the 11th consecutive quarter with year-over-year share reduction.

In addition, YUM has raised its full-year EPS outlook to at least 11 percent growth or $3.23 based on the continued strong growth from its China and YRI divisions. The company’s prior EPS guidance for 2007 was at least 10 percent growth or $3.21 per share.

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