YUM! Brands Pops On Strong International Growth
February 06, 2012 5:15 PM
Shares of YUM! Brands (NYSE: YUM) are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 2.16%, trading at $26.00; they ended the regular session lower by 1.02%, at $63.19.
YUM! Brands reported Q4 EPS of $0.75 on revenues of $4.11 billion; the Street was looking for $0.74 per share.
In Q4, worldwide system sales grew 11%, prior to foreign currency translation, including 33% in China, 10% at YRI and 6% in the U.S. Same-store sales grew 21% in China, 3% at YRI and 1% in the U.S.
David C. Novak, Chairman and CEO said, "I'm pleased to report full-year EPS growth of 14%, making 2011 the tenth consecutive year we exceeded our annual target of at least 10%."
"The highlight of 2011 was again the exceptional performance of our China business, which grew system sales by 29% and operating profit by 15%, prior to foreign currency translation. We opened a record 656 new restaurants and delivered extraordinary same-store sales growth of 19%.”
YUM! Brands, Inc. is a quick service restaurant company, with more than 37,000 units in more than 110 countries and territories. YUM through its five concepts of KFC, Pizza Hut, Taco Bell, Long John Silver's and A&W All-American Food Restaurants.
