YUM Saw Period 2 Same-Store Sales Up 4%

Yum! Brands Inc. (NYSE: YUM) reported Period 2, 2006, system sales for its International Division increased 4% prior to foreign currency conversion or flat after conversion to U.S. dollars; U.S. blended same-store sales at company restaurants increased 4%, and actual Period 2 (January) sales for the China Division grew +25%, better than our previously reported estimate of +22%.

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