- Yum Brands (NYSE:YUM) reports mixed numbers for Q4 with some regions and brands pulling up from last quarter.
- Worldwide restaurant margin -20 bps to 10.2%., dragged down by a sharp slide in margins in the China division.
- The comp put up the China division was -16%.
- The Taco Bell division was a bright spot with a 6% comp and improved margins on 2% unit growth. The U.S. comp was +3%.
- The comp was flat in the Pizza Hut division, but margins tailed off on a sales deleverage and global investment spend.
- The India division grew sales 14% on a wider roll-out of KFC and home service.
- YUM +2.5% after hours.