Yum Brands reports 7 percent higher Q3 profit (AP)

LOUISVILLE, Ky. ? The owner of the Pizza Hut, Taco Bell and KFC chains Tuesday said its third-quarter profit rose 7 percent as sales growth in international markets offset another decline in the U.S.

Yum Brands Inc., based in Louisville, Ky., earned $383 million, or 80 cents per share, for the quarter ending Sept. 3. That's up from $357 million, or 74 cents per share, a year earlier. Revenue rose 14 percent to nearly $3.3 billion.

Analysts expected adjusted earnings of 82 cents per share on revenue of $3.08 billion.

Operating profit in Yum's China operations rose 7 percent, adjusted for currency fluctuations. Yum added 138 restaurants in China during the quarter and expects to open a record 600 new units this year.

The company's operating profit fell 16 percent in the U.S.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20111004/ap_on_bi_ge/us_earns_yum_brands

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