Yum! Brands Inc. (NYSE: YUM) today reported results for the second
quarter ended June 14, 2008.
SECOND-QUARTER HIGHLIGHTS
•
Very strong system-sales growth of +43% in mainland China and +15% in Yum! Restaurants International (YRI), fueled by broad-based unit development, same-store-sales growth, and favorable foreign currency translation.•
Worldwide same-store-sales growth of +4%, including +14% in mainland China, +4% in YRI, and +2% in the U.S. (all figures are system-wide).•
Operating profit growth of +38% in China Division and +18% in YRI, with a 12% decline in the U.S.•
Lower effective tax rate versus prior year.•
Increased quarterly dividend by 27% with our yield now about 2%
