Summary Box: Yum Brands reports 3rd-qtr results

Posted at: 10/09/2012 5:05 PM
By The Associated Press

YUMMY: Third-quarter profit at Yum Brands Inc. rose 23 percent, thanks to rebounding profit growth in China and strong demand in the U.S. at its Taco Bell, Pizza Hut and KFC chains.

CHINESE FOOD: Third-quarter operating profit rose 22 percent in China. Yum expects to open at least 750 new restaurants in China this year, up from its prior forecast of 700 new stores.

HOMESTYLE: Yum posted 13 percent higher operating profit in the U.S. Taco Bell led the way with a 7 percent increase in sales at restaurants open at least a year.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


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