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Yum Sales Up 4%

LOUISVILLE, KY-Kentucky Fried Chicken cooks up strong sales for Yum! Brands Inc.

By Jennifer D. Duell | Updated on May 19, 2005

LOUISVILLE, KY-Yum! Brands Inc.’s same-store salesfor its US division increased 4% for the four-weekperiod ending May 14, up 1% from the same period lastyear. Wall Street was expected a gain of 2% to 3%, andYum says its target growth rate is 1% to 2%.

The same-store sales growth was driven by a 7% gain atKentucky Fried Chicken. The fast-food chain had beenin a decline, posting -4% same-store sales for thesame period last year. However, increased advertisingand value meals positively impacted the chickenrestaurant.

The company’s other chains, Taco Bell and Pizza Hut,also saw sales increases of 4% and 1% respectively.Pizza Hut’s performance was poor compared to the 10%growth for the same period last year.

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