Fast-food company Yum Brands Inc. posted a 12% rise in fiscal third-quarter earnings and boosted its outlook for the year as strong performances in China and other foreign markets offset weaker sales in the U.S.
Net income for the quarter ended Sept. 9 rose to $230 million, or 83 cents a share, from $205 million, or 69 cents, a year earlier. Revenue edged up to $2.28 billion from $2.24 billion, despite a slide in U.S. sales for the quarter.
Profit at Yum's fast-growing business in China increased 26% in the quarter. Yum has nearly 1,700 KFC restaurants and 261 Pizza Huts in China and is the country's largest restaurant chain operator.
Earnings rose 22% in its international business, which excludes China.
Source:佚名