YUM! Brands Inc. Reports 2007 Q1 Results

    Industry News | May 1, 2007
    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.

    News and information presented in this release has not been corroborated by WTWH Media LLC.