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Yum! Q1 performance beats the Street
date:Apr 24, 2014
Yum! Brands Inc. reported an 18 percent gain in first-quarter profits as sales in China improved.

Yum reported profits of $399 million, or 87 cents per share, compared to $337 million, or 72 cents per share, a year ago. Same-store sales in China grew 9 percent, including growth of 11 percent at KFC and 8 percent at Pizza Hut.

Yum! Brands is clearly on its way to a strong bounce-back year delivering first-quarter EPS growth of 24, said David C. Novak, chairman and CEO. Operating profit grew 80

12/24 02:01