Yum! Brands Inc.’s second quarter, in which its net income grew nearly 19 percent, showed mixed results across brands and across the world, with a “bounce back” underway in China, an encouraging start to breakfast for Taco Bell and the need for a new turnaround at Pizza Hut, particularly in the United States. But during an earnings call with analysts, chief executive David Novak reiterated Yum’s confidence that it could deliver earnings per share growth of at least ...

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