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ORANGE COUNTY EARNINGS

May 01, 1996

Taco Bell Corp.: The Irvine fast-food chain's operating profit fell 33%, to $22 million, during its fiscal first quarter, from $33 million a year earlier, according to PepsiCo Inc., the chain's corporate parent. While Taco Bell's revenue for the quarter ended March 23 rose by 2%, to $742 million, sales at stores open for at least a year fell by 1%.

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