Yum! Brands Sees FY14 EPS Growth Of At Least 20%

(RTTNews) - Yum! Brands Inc. (YUM) on Monday reconfirmed its full-year 2013 earnings per share forecast of high-single to low double-digit year-over-year decline, excluding special items.

The parent of KFC, Pizza Hut and Taco Bell also said it expects to deliver at least 20% earnings per share growth in 2014, excluding special items.

David Novak, Yum! Brands Chairman and CEO, said, "We expect to have a strong bounceback in 2014 following a year that is clearly below our high expectations. In China, we have an aggressive plan to reignite sales at KFC and we expect continued strong performance at Pizza Hut Casual Dining."

Additionally, Yum! Brands said November same-store sales increased an estimated 1% for its China Division. The estimate included even sales at KFC and 7% growth at Pizza Hut Casual Dining.

The fourth quarter for the China Division includes the months of September, October, November and December.