Yum! Brands Inc. Reports Second Quarter 2009 EPS of $0.63

SECOND QUARTER HIGHLIGHTS
• International development continued at a robust pace with 328 new restaurants including 118 new units in mainland China and 193 in Yum! Restaurants International (YRI).
• Worldwide system sales growth prior to foreign currency translation of +3% including +8% in
mainland China, +6% in YRI, and a 1% decline in the U.S.; after foreign currency translation,
worldwide system sales declined 4%.
• Worldwide restaurant margin improved 1.7 percentage points driven by the combination of prior year pricing, flat commodity costs and refranchising; all three divisions improved margins.
• Worldwide operating profit growth of 11%, excluding foreign currency translation, driven by new unit development, improved restaurant margins, and proactive cost management. Each of our divisions generated profit growth: +11% in China, +8% in the U.S. and +6% for YRI. Including foreign currency translation, worldwide growth was +4%, China increased +14% and YRI declined 15%.
• EPS growth was negatively impacted by foreign currency translation of approximately $0.03 per share partially offset by the benefit from last year’s substantial share repurchases which reduced average shares outstanding by 3%.

Earnings Release : http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTAyMjJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1

Restaurant Units Activity Summary: http://investors.yum.com/phoenix.zhtml?c=117941&p=irol-newsearnings

Yum! Brands Full-Year 2009 Detailed Guidance Update: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTAyMjR8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1