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Yum! Brands China Sales Up

LOUISVILLE, KY-The Chinese New Year boosts sales for Yum! Brands.

By Jennifer D. Duell | Updated on March 25, 2005

LOUISVILLE, KY- Yum! Brands Inc. estimates that firstquarter sales for its China Division spiked 26%compared to last year, while sales for theInternational Division jumped 11% and U.S. salesincreased 4%.

Despite the sales growth, the company says its expectsfirst quarter earnings per share in the range of 51cents to 52 cents because of higher costs and taxes.The EPS translates into 9% to 11% growth. According toThomson First Call, Wall Street was looking forearnings of 51 cents per share.

Results from Yum! Brands China Division, whichincludes Mainland China, Thailand and KFC Taiwan, were favorably impacted by the Chinese New Year, the company says. In contrast, the Division was hurt by a supplier problem that necessitated the temporary withdrawal of several products. The company says the problem has been resolved, and the products are back on the menu. Moreover, Yum! Brands believes that the bad publicity and negative sales will not have a material impact on earnings.

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