Yum! Brands sees Q4 SSS +4% at YRI; +3% in U.S.; -4% in China Sees FY12 international development of at least 1,850 new units for the year, including at least: 800 new units in China, 950 at Yum! Restaurants International (YRI), and 100 at Yum! Restaurants India. The fourth quarter will include an overlap headwind due to an additional week in our 2011 fiscal year which produced a combined $26M operating profit benefit to the U.S. and YRI.
Yum! Brands authorizes up to $1B in share repurchases Yum! Brands board authorized the company to repurchase up to $1B in additional shares of common stock. The $1B in additional share repurchases of the company’s outstanding common stock is authorized through May 31, 2016.