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Yum! Brands Inc. gained 2.3% to $134.25 after the fast food chain reported rising Taco Bell, KFC, and Pizza Hut sales in the fourth quarter ending in December, but earnings declined.

Revenue surged 16% to $2.36 billion from $2.04 billion, net income fell 9% to $423 million from $463 million, and earnings per diluted share dropped 8% to $1.49 from $1.62 a year ago.

Same-store sales worldwide rose 1% in the fourth quarter ending in December, led by Taco Bell sales with a 5% increase, while Pizza Hut same-store sales declined 1%, and KFC remained flat.

The company swung to an operating profit of $2 million in the Habit Burger & Grill division, compared to a loss of $10 million a year ago.

Yum! The brand's board approved a 6% increase in the quarterly cash dividend to 71 cents from 67 cents per share, payable on March 7 to shareholders of record on February 21.

06 Feb, 2025

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