Yum to cut owned restaurants sharply by end 2010

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Yum to cut owned restaurants sharply by end 2010

December 07, 2007
Source
Reuters
Yum Brands Inc, owner of the Pizza Hut, Taco Bell and KFC fast-food chains, said on Thursday it aims to own fewer than 10 percent of its U.S. restaurants by the end of 2010, down from about 20 percent currently.

In a statement, the company also said it expects earnings per share to increase at least 10 percent in 2008, in line with its long-term targets.

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  • Yum! Brands Inc.

    Yum! Brands, Inc. (YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories. The company operates the restaurant concepts of KFC, Pizza Hut and Taco Bell.

  • KFC

    KFC has more than 18,000 restaurants in 115 countries across the globe. And in quite a few U.S. cities, KFC is teaming up with sister restaurants, A&W, All-American Food™, Long John Silver's, Taco Bell and Pizza Hut, selling products from the popular chains in one convenient location.
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