Wednesday, February 6, 2008

Steady and Yummy?


7:20 PM ET) SAN FRANCISCO (MarketWatch) -- Fast-food giant Yum Brands Inc.reported late Monday fourth-quarter net income of $231 million, or 44 cents a share, nearly unchanged from $232 million, or 42 cents, a year ago. Total revenue at the Louisville, Ky.-based company came in at $3.26 billion, up 8%. Same-store sales, or those at outlets open at least a year, climbed 3% worldwide. The average estimate had been for the company to earn 42 cents a share on revenue of $3.14 billion, according to analysts polled by Thomson Financial. Looking to the current year, Yum raised its 2008 profit target from $1.82 to $1.85 per share, excluding one-time gains. Yum shares ended trading Monday up 1.6% at $35.81.(Corrects revenue and estimated revenue figures.)


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