Heard on the call: Yum! Brands Inc.

Inflation named a 2011 headwind, international expansion remains growth strategy

Yum! Brands Inc. reiterated 2011 growth plans — including unit openings in emerging foreign markets, continued expansion in China and aggressive plans for Taco Bell in the United States — but also noted that food and labor cost inflation could be a headwind in 2011.

In a conference call with investors Thursday, executives said 2011 growth plans would include 900 new restaurants in emerging international markets and 500 new outlets in China, while growing Taco Bell from 5,00

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