Yum Brands Posts 30 Percent 4th-qtr Profit Rise


Salon Staff
February 7, 2012 2:36AM (UTC)

LOUISVILLE, Ky. (AP) — The owner of the Pizza Hut, Taco Bell and KFC chains says its fourth-quarter profit rose 30 percent, thanks to its fast-growing overseas operations and to a strong showing from Pizza Hut in the U.S.

Yum Brands Inc. said Monday that Taco Bell had another sluggish quarter in the U.S. The Mexican-style chain is struggling to regain momentum after publicity from a now-dropped lawsuit that questioned the beef content of its taco and burrito filling.

Advertisement:

Yum, based in Louisville, Kentucky, earned $356 million, or 75 cents per share, for the quarter. That's compared to $274 million, or 56 cents per share, a year earlier. Revenue rose 15 percent to $4.1 billion.

Analysts expected profit of 74 cents per share on revenue of $4.04 billion.

The shares rose after hours.


Salon Staff

MORE FROM Salon Staff

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •