CEO calls 2010 ‘perhaps our best year as a public company’
Yum! Brands Inc. reported Wednesday a 27-percent year-over-year increase in fourth-quarter net income, driven by a 6-percent increase in total revenue and reduced special charges for impairment and closures taken in late 2009. The final quarter of 2010 included profit of $274 million, or 56 cents per share, on revenue of $3.56 billion. While growth in China continued to fuel Yum’s performance, fourth-quarter profit also was helped by a decrease in closure and impairment charges from ...
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Contact: Desiree Torres Desiree.Torres@penton.com