NEW YORK: Yum! Brands Inc, parent of the KFC, Pizza Hut and Taco Bell chains, has recorded a third-quarter profit rise of almost 12% as strong overseas results helped offset disappointing US sales.
Expectations were relatively low given the weak US performance, said John Glass, analyst with CIBC World Markets. But the most important part, which is the international business, still seems to be on a pretty strong footing from a sales and earnings perspective.
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