Yum expects double-digit growth

Yum Brands, the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, yesterday raised its 2011 profit forecast and said it expects earnings per share to grow at least 10 per cent in 2012, led by continued sales and profit growth in China. Yum has nearly 4,200 restaurants in China, its top market for profit and revenue. Yum said it expects system sales, which include all restaurants regardless of ownership, to be up at least 13 per cent in China in 2012 and for sales at restaurants open at least a year to rise at least five per cent.