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Yum Brands reports 7% profit growth for Q2
Operating profit, meanwhile, took a 6% decline.
Yum Brands, Inc. have announced a 7% profit growth overall for the second quarter of the year.
Worldwide system sales, excluding foreign currency translation, grew 4%, with KFC at 6%, Taco Bell at 5% and Pizza Hut flat.
They also noted the opening of 243 net new units for 4% net new unit growth.
A total of 51 restaurants were refranchised, including 28 KFC and 23 Pizza Hut units, for pre-tax proceeds of $47 million.
In the UK, KFC system sales were at 6%, and are likely affected due to Yum being forced to shut hundreds of British KFC outlets last February due to shortages of their products.
