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APR 23, 2013 - MarketWatch

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Yum Brands profit falls 27% on weaker China sales

SAN FRANCISCO (MarketWatch) -- Yum Brands Inc. , owner of Pizza Hut, Taco Bell and KFC, reported late Tuesday its first-quarter profit fell 27% to $337 million, or 72 cents a share, from $458 million, or 96 cents a share, a year ago. The company cited a "significant" decline in sales and profit in China for the weaker performance. Revenue for the quarter ended March 23 fell to $2.54 billion from $2.74 billion. Analysts surveyed by FactSet had expected the company to post earnings of 60 cents a share on $2.56 billion in revenue. Yum Brands shares rose as much as 5.2% to $67.50 in after-hours ... Read More

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