Asahi Associates - Yum Brands Shares Get Boost.

Asahi Associates - Yum Brands third quarter profits jump by 23%, based largely on strong sales growth in China.

Wisconsin (I-Newswire) November 21, 2012 - Yum Brands, which owns fast food brands Pizza Hut, Kentucky Fried Chicken and Taco Bell among others, reported a $471 million net profit, up 23% on the previous year, for the ending of the third quarter. In a recent meeting Asahi Associates reported to investors that China accounted for more than 50% of Yum's $3.6 billion revenue for the quarter.

After struggling domestically last year, Yum is recently showing signs of a comeback in the oversaturated, depressed U.S. marketplace. Taco Bell's new Doritos Locos Tacos, with a nacho cheese Doritos taco shell, took off earlier this year, and now it is adding "cool ranch" and other Doritos-flavored shells.

The chain is building on that strength with its new "Cantina Bell" menu, which launched nationally in early July and focuses on fresher and higher-quality ingredients.

Since June, the group has opened 394 new restaurants, of which 192 new units were in China, which contributed to its sales growth. Globally, profits for the group grew 18% during the period. The company beat its earnings targets and has raised its full year outlook.

Taco Bell's U.S. same-store sales rose 7% in the latest quarter, compared with a 6% increase at Pizza Hut and a 4% boost at KFC.

Yum Brands based in Louisville, Kentucky, is the largest western based restaurant operator in China, where operating profits, adjusted for currency fluctuations, rose by 22%. Operating profits in the U.S. rose by 13%. Yum Brands has approximately 5,000 stores in China, while there are over 18,000 stores in the U.S.

Asahi Associates announced to investors that Yum Brands intend to open a minimum of 1,750 new stores this year outside of the United States, which would represent a new record. Yum Brands have invested heavily in overseas expansions, an investment that seems to be paying dividends.

Customer numbers have been declining recently in China due to the economy, but Yum Brands allegedly stated that revenues at existing restaurants will still grow slightly while new store launches will help to drive revenue growth. Yum Brands is opening two new stores each day on average in China.

Some analysts working with Asahi Associates have reportedly raised concerns that some new stores will simply steal business from existing ones, however Yum Brands have begun to focus on expanding into smaller cities rather than on urban growth, alleviating some of those fears.

About Global Journal

Global Journalists deliver crucial knowledge backed up by a state-of-the-art global network that inc   More..ludes some of the world's best minds in communication.Less..

Contact Information

Global Journal
Marvin Chaffin
4511 Saint Francis Way
West Allis
Phone : 262-910-5152

Published in:


Published On:

November 21, 2012

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

South Africa Investment Forum 2014 JumpStarts Nelson Mandela's Vision with EZ-XPO
eZ-Xpo in partnership with SOSA-2030 who are the supporters of the South African Investment Forum 2030 (SAIF 2030) sponsored by ICON Business magazine will launch the World's 1st global forum to follow Nelson Mandela's dream by reigniting a global c

The Latest Version To EzPaycheck 2014 Includes Form 941 Update For Business Owners
Payroll software developer released new ezPaycheck payroll software with 2014 tax tables and tax forms. Employers that need to file form 941 in time can test drive at

Custom Yard Signs with H-Wire
MBK Media Group proud themselves on being to offer the latest and greatest in print and design work.

Spencer & Barnes Ltd. Is a Partner of the FXIC 2014 Exhibition in New York City
Spencer & Barnes Ltd. today announced that they will be sponsoring the FXIC NYC 2014 (, a global foreign exchange industry conference. The event will be on the 20th of June 2014 at the Grand Hyatt in New York City.

Bringing Celebrated Coaches and Speakers Together, District 30 Toastmasters Sets the Stage for Spring Conference 2014
In a move to improve speaking and leadership skills, District 30 Toastmasters brings globally acclaimed speakers to the stage