Yum! Brands: China to achieve 40% operating profit growth in FY14 The company says this will be driven by sales and restaurant margin improvement. This will be offset by commodity inflation of 3% and modestly higher labor inflation. Sales in China are "difficult to predict". With current trends, FY14 SSS growth will be in the high-single digits.
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.