India, July 30 -- Yum! Brands Inc. (YUM), which operates Pizza Hut, KFC, and Taco Bell brands, reported Thursday significantly higher profit in its second quarter, benefited mainly by positive tax impacts from the planned sale of Pizza Hut, and higher revenues.
The company, which operates in the quick-service restaurant industry, maintained long-term financial performance targets first announced in 2022. These goals include 5 percent unit growth, 7 percent system sales growth excluding currency impacts, and at least 8 percent core operating profit growth on average, over an extended period.
In the second quarter net income of $853 million, up 128 percent from $374 million in the prior year period.
Earnings per share reached $3.08, a 131 ...