Yum! Brands (YUM) China Progress Remains Uncertain - Goldman
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Yum! Brands (YUM) China Comps Rose 1% in Nov.; Est. Down 1.2%
December 2, 2013 4:18 PM ESTYum! Brands Inc. (NYSE: YUM), in advance of its Annual Investor Meeting, reconfirms its full-year 2013 EPS forecast of high-single to low double-digit decline versus prior year, excluding Special Items. Yum! expects to deliver at least 20% EPS growth in 2014, excluding Special Items.
David C. Novak, Chairman and CEO, said, "We expect to have a strong bounceback in 2014 following a year that is clearly below our high expectations. In China, we have an aggressive plan to reignite sales at KFC and we expect continued strong performance at Pizza Hut Casual Dining. In addition, our international new-unit... More
