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



Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •