KFC parent company posts $67 million profit

March 4, 2010 - 6:13pm

Positive chickens could be coming home to roost for KFC, with its parent company recording a $67 million profit.

Shares in Restaurant Brands, which owns the KFC brand among others, rose 11% to a 7 and a half year high after the announcement.

Restaurant Brands Chief Executive Russel Creedy says the positive result comes from a combination of stronger than expected trading over the last quarter of the year, especially from its KFC stores.

Restaurant Brands is due to release its formal full-year results on the 7th of April.