Yum To Refranchise American Units, Grow China

Blue MauMau:

Yum! Brands Inc. announced today that it expects to deliver at least 10% EPS growth in 2012.

Yum’s chairman and CEO David C. Novak said: “This has been a strong year led by our China and Yum! Restaurant International businesses and I’m pleased to report we have raised our 2011 full-year EPS growth forecast to at least 13%, despite our disappointing U.S. results.” Novak added, “We are well positioned for another strong year in 2012 given our robust international new unit development, innovative marketing and operating plans, as well as the opportunity to dramatically improve U.S. performance.”

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