Yum reports 2Q profit dip, but raises outlook

Yum! Brands Inc. reported Tuesday a dip in second-quarter profit, but raised its full-year earnings forecast on what it called a strong first half of the year.

For the quarter ended June 12, Yum earned $286 million, or 59 cents per share, compared with earnings of $303 million, or 63 cents per share, in the same quarter a year ago.

In the second quarter of last year, Yum had booked a one-time gain of $68 million from the purchase of additional ownership in its KFC business in Ch

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