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.


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.

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