Friday, December 03, 2010
Yum Brands Inc Reports Growth In Earnings
KENTUCKY....
In 2011, the company expects at least 10 percent earnings per share growth and plans to open 1,400 new international units, including 475 in China and 900 elsewhere internationally. The earnings forecast would translate to about $2.78 a share. Analysts expected earnings of $2.81 a share.
Yum Brands Inc., which runs fast food chains including Taco Bell and KFC, said Friday it is on track to make its forecast of 14 percent growth in earnings per share in 2010. The forecast implies net income of $2.53 per share, up from $2.22 per share a year ago. Analysts polled by Thomson Reuters, on average, expect earnings of $2.50 per share. The company credited new unit development in China and Yum Restaurants International for the growth.
In 2011, the company expects at least 10 percent earnings per share growth and plans to open 1,400 new international units, including 475 in China and 900 elsewhere internationally. The earnings forecast would translate to about $2.78 a share. Analysts expected earnings of $2.81 a share.
# posted by Homer Owens @ 11:45 PM 
