date:Nov 23, 2012
Yum Brands, which owns fast food brands Pizza Hut, Kentucky Fried Chicken and Taco Bell among others, reported a $471 million net profit, up 23% on the previous year, for the ending of the third quarter. In a recent meeting Asahi Associates reported to investors that China accounted for more than 50% of Yums $3.6 billion revenue for the quarter.
After struggling domestically last year, Yum is recently showing signs of a comeback in the oversaturated, depressed U.S. marketplace. Taco Bell's new