Thursday, April 21, 2005

Yum Earnings Up

KFC, Taco Bell and Pizza Hut parent Yum Brands Inc. (YUM.N: Quote, Profile, Research) on Wednesday posted higher quarterly earnings and backed its outlook for the year despite a supply-chain issue in China that is hurting profits in that market.

Net income for the first quarter rose to $161 million, or 53 cents per share, from $142 million, or 47 cents per share, a year ago.

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