Yum Brands, the parent company of KFC, Taco Bell and Pizza Hut, handily beat first-quarter earnings expectations, driven by growth in China.
Yum also posted higher same-store sales in each of its fast-food chains.
KFC's same-store sales, a measure that takes out growth to show how the
chains are performing at existing eateries, increased 1%, while Pizza
Hut was up 3% and Taco Bell grew 1%.. . . more