Yum Brands Inc. beat Wall Street estimates for third-quarter revenue and profit on Oct. 31, as strong sales at KFC and Taco Bell more than made up for further weakness at Pizza Hut, sending its shares up as much as 5 percent.
Competition between big U.S. fast-food chains has intensified as Yum, McDonald’s Corp. and Domino’s Pizza Inc. try to lure cash-conscious customers with dollar menus, discounts, and new breakfast items.
