date:Apr 24, 2014
Yum! Brands Inc. reported an 18 percent gain in first-quarter profits as sales in China improved.
Yum reported profits of $399 million, or 87 cents per share, compared to $337 million, or 72 cents per share, a year ago. Same-store sales in China grew 9 percent, including growth of 11 percent at KFC and 8 percent at Pizza Hut.
Yum! Brands is clearly on its way to a strong bounce-back year delivering first-quarter EPS growth of 24, said David C. Novak, chairman and CEO. Operating profit grew 80