Yum, based in Louisville, Ky., said sales rose 13% at existing restaurants in China, where the company has opened 92 new restaurants.
Same-store sales in the U.S. fell 1% after negative press following a lawsuit regarding the beef used at Taco Bell. The lawsuit was later dropped.
Net income was $264 million, or $0.54 per share, in the first quarter, ended on March 19, compared with $241 million, or $0.50 per share, a year earlier. Excluding special items, profit was $0.63 per share.
Revenue was $2.43 billion, compared to $2.35 billion a year earlier and analysts' estimates of $2.40 billion.
From the April 21, 2011, Prepared Foods' Daily News.