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Yum Brands 3Q profit rises.
(From AFX Europe (Focus))
LOUISVILLE, Ky. (AFX) - Fast-food giant Yum Brands Inc. reported a third-quarter profit Wednesday of 12 percent, benefiting from strong Chinese growth, and boosted its full-year profit forecast above expectations on Wall Street.
The Louisville, Ky.-based operator of Taco Bell, Pizza Hut and KFC saw shares rise by more than 3 percent in after-hours trading.
"Third quarter performance demonstrated our global growth once again," Chairman and Chief Executive David Novak said in a statement.
Quarterly profit grew to $230 million, or 83 cents per share, for the three months that ended Sept. 9 from $205 million, or 69 …
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