Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
mbozlinksi@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Taco Bell owner gains from China sales

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon
Associated Press
Published:
LOUISVILLE, Ky. -- The owner of the Taco Bell, Pizza Hut and KFC chains says its third-quarter net income rose by 23 percent as its key China market posted stronger growth.
Yum Brands Inc. on Tuesday also raised its earnings guidance. Shares are up nearly 4 percent in after-market trading.
Profit came to $471 million, or $1 per share, in the three months ended Sept. 8, from $383 million, or 80 cents per share, a year ago. Revenue rose 9 percent to $3.6 billion.
Analysts polled by FactSet expected earnings of 97 cents per share on revenue of $3.66 billion.
Operating profit in China increased 22 percent, adjusted for currency fluctuations. Profit in Yum's fast-growing China business dropped in the second quarter on higher costs.
In the U.S., operating profit rose 13 percent.

MORE HBJ HEADLINES

CALENDAR

Market roundup