Louisville, Ky., May 1 - Yum! Brands Inc. (NYSE: YUM) today reported results for the first quarter ended March 24, 2007.
Highlights for the first quarter are . . .
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Worldwide operating profit increased 12%.
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Strong double-digit operating-profit growth from our international divisions: China, +31%, and YRI, +25%.
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Mainland China restaurant unit growth of 19%.
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China Division restaurant margin improved 1.1%.
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Yum! Restaurants International Division (YRI) unit growth of 4%, the seventeenth consecutive quarter of at least 3% year-over-year unit growth, our ongoing growth target.
Average diluted shares outstanding were reduced by 4%, the eleventh consecutive quarter with year-over-year share reduction.