YUM!my for Shareholders

Yum!, the owner of KFC and Pizza Hut, reported strong sales and earnings, driven by International markets, especially China. On CNBC the CEO pointed to Innovation as the potential driver for jobs in the U.S. On the other hand, it is clear that companies are going to invest, in people and capital equipment, where there is growth.

Yum! Brands Inc. Reports Second Quarter 2010 EPS of $0.58, 17% Increase Excluding Special Items Driven by Strong China Growth; Raises Full Year 2010 EPS Growth to 12%, Excluding Special Items - Yahoo! Finance: "David C. Novak, Chairman and CEO said, “I’m pleased to report we expect to deliver 12% EPS growth this year, making 2010 the 9th consecutive year we meet or exceed our annual target of at least 10%. We followed up a strong first quarter with second quarter EPS growth of 17%, before special items. This was fueled by profit growth in each of our three divisions, including exceptional growth of 33% in China. Overall, system sales grew by 4% and worldwide operating profit increased 21%, prior to foreign currency translation benefit and special items. A key driver of our overall growth continues to be new unit development in China and Yum! Restaurants International. We continue to expect to open about 1,400 international units this year and remain the industry’s leading international new unit developer."