Taco Bell Rings Up Higher Profits on Rising Revenue

Taco Bell, the Irvine-based fast-food subsidiary of Pepsico, reported that its worldwide net earnings increased 23% to $57.4 million for the second quarter from $46.7 million a year earlier.

Revenue of $643.1 million was up 17% from $549.7 million. Taco Bell linked the increases to its “successful Rocky and Bullwinkle promotion, as well as a continued focus on value.”