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News Breaks
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December 3, 2010
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| 13:39 EDT |  | YUM |
| theflyonthewall.com: | Yum! Brands reaffirms 2010 forecast, sees 2011 growth at least 10% | | Yum! Brands, ahead of its annual investor meeting, reaffirms its 2010 EPS growth forecast of 14%, excluding special items. Yum! adds that it expects to deliver at least 10% EPS growth in 2011, excluding special items. David Novak, CEO of the company, said, “2010 has been a strong year led by our China business, and I’m pleased to report we remain on track to deliver 14% EPS growth." Yum! expects about 1,400 new international units in 2011, including 475 in China and 900 at Yum! Restaurants International. The company also expects to refranchise about 500 units in the U.S., netting $150M in proceeds, in 2011. :theflyonthewall.com |
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