Sales are forecast to increase between 3% and 4% in the US, 22% in China and by at least 5% in other countries. This equates to system-wide growth of between 5% and 6% around the globe.
Yum! executives have also confirmed their $2.64 earnings per share target for the year. For next year they are predicting at least a 10% jump in EPS, coming in around $2.90. Officials also expect margins to improve in 2006.
Executives are also planning about $675 million in capital expenditures. During the next two years they intend to reduce the company's ownership share of its restaurants from 26% to 20%, further increasing the stake of franchise operators.
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