Yum Brands 2nd-quarter profit increases 19 percent as KFC business in China rebounds

MarketsAssociated Press

Yum Brands Inc. (YUM) reported a 19 percent increase in second-quarter profits as its business at KFC in China continued to rebound amid concerns about food safety.

The Louisville, Kentucky-based company, which also operates Taco Bell and Pizza Hut, reported that net income was $334 million, or 73 cents per share, compared with $281 million, or 61 cents per share, in the same quarter a year ago.

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Analysts expected 73 cents per share, according to Zacks.

Revenue climbed 10.3 percent to $3.2 billion from $2.9 billion in the year-ago quarter. Analysts expected $3.23 billion, according to Zacks.