Profits soar at Pizza Hut owner

Yum Brands, the owner of the Pizza Hut, Taco Bell and KFC fast-food brands, said its third-quarter profit grew 7% on the strength of surging overseas sales, mainly in China.

Buoyed by its performance, the company raised its forecast for full-year earnings to $2.48 (€1.79) per share from $2.43 per share.

Yum shares fell nine cents in aftermarket trading, perhaps because the company said its US operating profit fell 2%, dragged down in part by sluggish sales at KFC.

More in this Section

Tesco to remove plastic wrapping on some multi-packsTesco to remove plastic wrapping on some multi-packs

GoMo customers face 'verification' issuesGoMo customers face 'verification' issues

UK's competition watchdog set to probe Takeaway’s £6bn Just Eat takeoverUK's competition watchdog set to probe Takeaway’s £6bn Just Eat takeover

At Davos, US and EU increase invective to clash over cars and digital taxesAt Davos, US and EU increase invective to clash over cars and digital taxes


Lifestyle

A calm chat with your child and listing the pros and cons can help you decide, Lisa Salmon discovers.Should I let my daughter get her ears pierced?

More From The Irish Examiner