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Business Briefing / Earnings

KFC helps Yum profit surge 35%

July 15, 2009|Times Wire Reports

Yum Brands Inc., the owner of Pizza Hut, Taco Bell and KFC, said its profit rose 35% in its fiscal second quarter on strong growth overseas and increasing its ownership in its business in China.

The Louisville, Ky., company also touted what it called "dramatic results" from the launch of Kentucky Grilled Chicken at KFC.

Yum earned $303 billion, or 63 cents a share. That's compared with $224 million, or 45 cents, earned a year earlier. Excluding special items, the fast-food chain operator earned 50 cents a share, beating analyst estimates of 43 cents a share.

Revenue fell about 7% to $2.5 billion.

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