Fast-food giant reports third quarter gains
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LOUISVILLE, Ky. Fast-food giant Yum Brandsreported a 13 percent gain in third-quarter earnings today. The company says surging international sales and a turnaround at its KFC chicken restaurants were responsible.
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The fast-food retailer benefits from international sales.
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The fast-food chain's sales results for 2004 are pretty solid. How will 2005 fare?
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Kroger Co. , the largest U.S. grocery chain, said on Tuesday that quarterly profit rose 15.8 percent, as shoppers were enticed by remodeled stores and improved perishable goods, and it raised its earnings view for the year.
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Investment management company Affiliated Managers Group Inc. said Wednesday that third-quarter profit rose 3 percent as expenses and challenges with high-cap funds offset sharp revenue growth.
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McDonald's Corp.  on Friday reported higher quarterly earnings on strong U.S. sales of products like its new Chicken Selects fried chicken strips, though changes in the way it accounts for leases trimmed results.
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ConAgra Foods Inc  said on Tuesday that earnings in its third quarter, ending February 24, would come in higher than expected, thanks to strong performance of its trading and merchandise segment and its food and ingredients unit.
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Safeway Inc. , the No. 3 U.S.  grocer, posted a higher quarterly profit on Thursday, as  remodeled stores, fresh produce and prepared meals helped it to  lure shoppers.
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Kroger Co. , the largest U.S. grocery chain, posted a higher quarterly profit on Tuesday, as remodeled stores and improved perishable goods attracted shoppers.
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The economy &#151; helped out by more brisk consumer and business spending &#151; grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.
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McDonald&#39;s third-quarter earnings rose a higher-than-expected 42 percent, the world&#39;s largest restaurant chain says, citing strong sales in the United States and a lower tax rate.
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Yum Brands Inc.  on Tuesday said quarterly earnings rose 13 percent and raised its profit forecast for the year as strong sales at its fast-food chains helped offset a run-up in commodity costs.
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McDonald's rode strong U.S. sales to a 38 percent increase, its fifth straight quarter of increased profits since snapping out of a slump last year.
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US economic growth picked up in the third quarter, fuelled by strong consumer spending, official figures show.
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LITTLE ROCK, Ark. - Wal-Mart Stores Inc., the world&#39;s largest retailer, reported a 12.7 percent increase in its third-quarter earnings.
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The turnaround continues at Burger King.
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McDonald's Corp.  said on Monday it expects to report quarterly earnings above Wall Street estimates on its strongest quarterly sales in three years.