Yum! Brands following the results of the first 9 months increased net profit by 34%


Yum! Brands, the operator of fast-food chains, reported that in nine months its net profit grew by 34% in annual terms and amounted to 1 billion 200 million dollars. Diluted earnings per share increased to 3 dollars 64 cents from 2 dollars 52 cents. At the same time, the company recorded a decline in revenue by 4% to 4 billion 130 million dollars. The number of new restaurants opened by an American company during the earnings period amounted to 410 units. Data for the third quarter showed net profit growth of 9% to $454 million, an increase in diluted earnings per share up to 1 dollar 40 cents from 1 dollar 21 cents, and a decrease in revenue by 3% to $1 billion 391 million.

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