Yum Profit Rises on Growing Sales in China at KFC
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Yum! Brands Inc., the owner of restaurant chains Taco Bell and KFC, reported fourth-quarter profit that exceeded analysts’ estimates as same-store sales rose in China.
Earnings excluding some items for the period ended Dec. 25 were 63 cents a share, the Louisville, Kentucky-based company said today in a statement. The average of 18 estimates compiled by Bloomberg was 60 cents a share.