Wednesday, October 6, 2010
Yum Brands Raises Profit Outlook, Helped by China
Faced with a mature market and slow growth in the U.S., Kentucky-based Yum Foods (which owns the Taco Bell, KFC and Pizza Hut brands) has looked to China to propel new profits. That strategy is paying off, with the company reporting a 6% jump in revenue in China, compared to only 1% in the U.S.
Yum Brands Raises Profit Outlook, Helped by China - WSJ.com
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