Yum’s 3rd-Q income rises despite downturn in U.S.

LOUISVILLE Ky. Yum! Brands Inc., parent of Taco Bell, Pizza Hut, KFC and other quick-service chains, reported a 4.4-percent increase in third-quarter net income as total revenue rose 10.6 percent to $2.84 billion on the strength of international business, especially the company’s operations in China. Yum’s domestic business did not fare as well.The U.S. division posted a 15.5-percent drop in operating profit for the third quarter ended Sept. 6, on reduced margins and a smaller store ...

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