LOUISVILLE Ky. Despite an operating profit drop of 12 percent in the United States, Yum! Brands Inc. posted a 4-percent increase in second quarter net income as “exceptional profit growth” abroad offset continued bottom-line pressures at U.S. restaurants.
For the second quarter ended June 14, Yum earned $224 million, or 45 cents per share, compared with year-ago earnings of $214 million, or 39 cents per share. Total corporate revenues rose 12 percent to $2.65