Yum 2Q profit grows 18.9%

Yum 2Q profit grows 18.9%

“Bounce-back year” gains momentum

The “bounce-back year” that Yum! Brands Inc. officials predicted for 2014 gained momentum in the June 14-ended second quarter, as net income soared 18.9 percent from a year earlier, to $334 million, or 73 cents per share.

Initiatives in its China division produced a 15-percent same-store sales increase and a 188-percent jump in operating profit, as that country laps last year’s anomalous sales declines from the Chinese public’s concern over the supply

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