Yum! Brands Earnings Jump - TheStreet

Yum! Brands

(YUM) - Get Report

posted a rise in quarterly earnings and revenue after the bell Monday.

The parent of fast-food chains Pizza Hut, Taco Bell and KFC reported fourth-quarter net income of $172 million, or 56 cents a share, up from $164 million, or 54 cents a share, a year ago. Revenue was $2.46 billion, up from $2.20 billion.

The company backed its prior estimate for first-quarter earnings of 38 cents a share.

"Our long-term commitment is to grow our annual EPS by at least 10%," said David C. Novak, chairman and chief executive. "In 2002, we grew ongoing operating EPS by 19%. This was driven by exceptionally strong growth in revenues of 12% while maintaining our category-leading return on invested capital of 18%."

The company's shares ended the day up 1.7% at $22.43.