Louisville, Ky.-based restaurant giant Yum! Brands, has reported that during the four-week period ended 15 June, 2002 (Period 6), estimated US blended same-store sales at company restaurants increased 5%.
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Estimated international system sales increased 5% prior to foreign currency conversion or 4% after conversion to US dollars.
Q2 estimated US blended same-store sales at company restaurants increased 3%. For the Q2, estimated international system sales increased 10% prior to foreign currency conversion or 7% after conversion to US dollars. The US and international growth rates were consistent with the company forecast for the second quarter provided in April.
Year to date, estimated international system sales increased 9% prior to foreign currency conversion or 6% after conversion to US dollars.
Detailed US brand portfolio performance was as follows: Period 6 same-store sales increased 8% at Taco Bell, 7% at KFC and decreased 1% at Pizza Hut. Q2 same-store sales increased 8% at Taco Bell, 3% at KFC and decreased 3% at Pizza Hut.
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By GlobalDataPeriod 6 International system-sales growth was adversely affected by approximately one percentage point due to timing of the Easter holiday. This year the holiday occurred in Period 5 versus Period 6 last year, providing benefit to sales results for Period 5 of 2002.
