Yum to cut owned restaurants sharply by end 2010
Yum to cut owned restaurants sharply by end 2010
Yum Brands Inc, owner of the Pizza Hut, Taco Bell and KFC fast-food chains, said on Thursday it aims to own fewer than 10 percent of its U.S. restaurants by the end of 2010, down from about 20 percent currently.
In a statement, the company also said it expects earnings per share to increase at least 10 percent in 2008, in line with its long-term targets.
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