Yum Brands Inc. on Wednesday beat Wall Street sales and earnings expectations in the fourth quarter and said its China division system sales rose 7% in the quarter and worldwide system sales grew 6%. Yum said it earned an adjusted 68 cents a share in the fourth quarter, up from 61 cents in the year-ago period. Sales reached $3.95 billion, down slightly from $3.99 billion a year ago, the company said. Analysts polled by FactSet had expected adjusted earnings of 67 cents a share on sales of $2.69 billion. The company added more than 2,300 restaurants globally in 2015, and said it expects to open nearly 2,400 restaurants this year. "We are confident in our ability to deliver 10% operating profit growth in constant currency in 2016," the company said in a statement. Yum shares fell 1.6% in late trading Wednesday after ending the day up 0.2%.
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