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Yum Sees 10% EPS Growth In 2010, Calls Year 'Challenging'

Fri Dec 04 09:02:00 -0500 2009

DowJones Newswires (New York)

- Yum Brands Inc. (YUM) plans grow per-share earnings at least 10% in 2010 in what the global fast-food chain expects to be another challenging year.

China remains the key driver of Yum’s stock, however. While China’s economy has staged a rebound, Telsey Advisory Group analyst Tom Forte said its been primarily driven by spending on infrastructure and durable goods. “We’re waiting for that to trickle down to restaurant sales,” he said.

To view the full article, download the PDF here: Dow Jones Newswires, December 4, 2009