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Author: tangoev Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 711  
Subject: Profit tops estimates. Date: 2/8/2011 2:26 PM
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Another fine quarter from Yum with continued rapid expansion in China.

EPS of 63 cents equates to 27% YoY performance.

From Zacks: http://www.zacks.com/stock/news/47245/Earnings+Scorecard%3A+...

Yum! Brands reported fourth quarter 2010 adjusted earnings of 63 cents per share, which surpassed the Zacks Consensus Estimate by 3 cents. Earnings increased 27% year over year mainly on the back of strong performance at its China division. On a reported basis, Yum! Brands’ quarterly earnings were 56 cents per share, up 26% year over year.

The company reported a 6% year-over-year increase in total revenue to $3,562 million during the quarter, ahead of the Zacks Consensus Estimate of $3,499 million. Sales growth was fueled by a 21% increase in the China division and 1% rise in YRI, partly offset by a 4% decline in the U.S.

From Reuters. http://www.reuters.com/article/2011/02/03/us-yum-idUSTRE7119...

Yum's shares rose 2.3 percent to $48.85 in extended trading after it also surprised Wall Street with China and U.S. sales at established restaurants that outpaced those posted by key rival McDonald's Corp (MCD.N)

Yum gets about one-third of its earnings from China, the world's fastest growing major economy, and same-restaurant sales in that market jumped 8 percent in the fourth quarter, surpassing analysts' expectations and accelerating from the prior quarter's 6 percent rise.

Yum's U.S. same-restaurant sales were up 5 percent overall for the latest quarter, improving from a 1 percent gain in the prior quarter and exceeding analysts' expectations.

Still makes a great investment vehicle for exposure to China.

Eat it up.

Tango
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