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)
