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Yum! reaffirms FY08 outlook
December 4, 2008
LOUISVILLE, Ky. — Same-store sales for restaurant chain operator Yum! Brands Inc. will increase 4 percent in mainland China, 4 percent in its international division and 2 percent in the United States for the year, the company said. U.S. company-owned same-store sales are expected to grow by 3 percent.
Yum! operates the KFC, Pizza Hut, Taco Bell, A&W and Long John Silver's brands.
Yum! expects earnings-per-share growth of 12 percent, excluding special items, for 2008. The company expects to see at least 10 percent growth in earnings in 2009, excluding special items, which would mark the eighth straight year of double-digit earnings per share growth.
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