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Yum! Brands Q4 Profit Rises, System Sales Up - Quick Facts

Yum! Brands Inc. (YUM), the owner of KFC, Pizza Hut and Taco Bell, reported Thursday that fourth-quarter net income grew 44 percent to $436 million from $303 million last year. On a continuing operations basis, net income rose 42 percent.

Earnings per share were $1.26, compared to last year's earnings per share from continuing operations of $0.83.

Fourth-quarter adjusted earnings per share were $0.96, compared to $0.80 a year ago.
On average, 23 analysts polled by Thomson Reuters expected earnings of $0.80 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues in the quarter declined 16 percent to $1.58 billion from $1.89 billion last year. Analysts expected revenues of $1.59 billion for the quarter.

Company sales dropped 28 percent from last year to $890 million, while franchise and license fees and income grew 6 percent to $687 million.

In the quarter, total KFC segment revenues dropped 12 percent to $814 million and total Pizza Hut revenues fell 24 percent to $234 million. Total Taco Bell revenues declined 19 percent to $531 million.

Worldwide system sales grew 4 percent, with KFC at 6%, Taco Bell at 3% and Pizza Hut at 1%, excluding the 53rd week.

Same store sales increased 2 percent, with KFC up 3 percent, Taco Bell up 2 percent, and Pizza Hut rising 1 percent.

In pre-market activity, Yum! Brands shares were trading at $83.00, up 3.58 percent.

by RTT Staff Writer

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