You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Overseas sales let Yum beat profit forecasts

Yum Brands has over 40,000 restaurants around the world.

Associated Press

Yum Brands has over 40,000 restaurants around the world.

Continue reading below

Quarterly profit at Yum Brands, owner of KFC and Taco Bell, fell 4.7 percent to $321 million but beat estimates, thanks to higher sales abroad. Profit excluding some items was 86 cents a share; analysts forecast 79 cents. Revenue rose 0.6 percent to $4.18 billion. KFC has struggled in China but Yum is boosting sales in Russia, France, and other nations. Yum gets a quarter of its revenue abroad, and foreign sales rose 2 percent. In the past year, it opened stores in Tanzania, Ukraine, Argentina, and Mongolia. Yum reiterated its full-year forecast for at least a 20 percent gain in profit per share, excluding certain items.

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.