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Empresas y finanzas

Yum profit rises, sees 2008 profit down


    LOS ANGELES (Reuters) - Yum Brands Inc , the parent of Taco Bell, Pizza Hut and KFC, posted higher third-quarter earnings on Tuesday, but forecast that U.S. profits will decline about 8 percent for the full year.

    Third-quarter net income at Louisville, Kentucky-based Yum rose to $282 million, or 58 cents per share, from $270 million, or 50 cents per share, in the year-ago quarter, when it had more shares outstanding.

    Total revenue increased to $2.84 billion from $2.56 billion earlier.

    Sales at established restaurants were up 3 percent worldwide. Mainland China posted a 5 percent hike in same-store sales, while Yum International rose 4 percent and U.S. operations were up 3 percent.

    Yum's U.S. business has consistently lagged its overseas operations.

    (Reporting by Lisa Baertlein; editing by Jeffrey Benkoe)