Pizza Hut same-store sales jumped 22% in China, while KFC saw the metric grow 17%. "Mainland China is Yum! Brands' number one market for new company restaurant development worldwide," according to Yum's Web site. Such distinct focus on China and emerging market growth comes at a cost, however. As a percentage of system sales for Yum! Restaurants International (YRI), the company's international division, Canada showed a steep decline of 6%, accounting for just 7% of quarterly system sales. Continental Europe also accounted for just 7% of YRI system sales, a 3% uptick year-over-year. U.K. sales accounted for a healthier 14% of YRI system sales, but that only represented growth of 1% over last year. Yum shares were 2% higher at $56.69 Thursday morning following its better-than-expected earnings report late Wednesday. More than 5.3 million shares had changed hands just two hours into the trading session, compared with their average daily volume of just 3.5 million.
-- Written by Miriam Marcus Reimer in New York. >To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: email@example.com.
>>See our new stock quote page.