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Yum profits surge
April 24, 2006
LOUISVILLE, Ky. — Fast-food giant Yum Brands Inc. reported an 11 percent gain in first-quarter profit, led by strong growth in U.S. operations and higher China earnings that had slumped amid concerns of avian flu. The company said first quarter net income was $170 million, compared to net income of $153 million in the same period last year.
According to analysts, the parent of KFC, Taco Bell and Pizza Hut beat Wall Street expectations, and raised its earnings-per-share outlook for the full year. The company's brands also include Long John Silver's and A&W All-American Food Restaurants.
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