LOUISVILLE Ky. Yum! Brands Inc. reported a 31-percent surge in first-quarter profit, as double-digit growth in sales overseas, and especially in China, offset pressures still faced in Yum’s domestic operations. In the United States, Yum’s Taco Bell, Pizza Hut, KFC and A&W brands were still hurt by increased cost pressures and slow sales. U.S. operating profit declined 5 percent year-to-year during Yum’s first quarter ended March 22. The company said commodities costs increased $25 ...
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Contact: Desiree Torres Desiree.Torres@penton.com