In a statement, the fast-food company said in the quarter, net income came in at US$436.0mln, or US$1.26 per share, up from the US$303.0mln, or 83 US cents per share, a year ago.
Earnings excluding special items stood at 96 US cents per share.
Revenue in the fourth quarter fell to US$1.58bn, from the US$1.89bn reported in the year ago period.
The market consensus was for EPS of 80 US cents and sales of US$1.59bn.
Global same-store sales rose 2%, with a 3% jump at KFC, 1% rise at Pizza Hut, and 2% growth at Taco Bell.
David Gibbs, president and CFO said: “We are on track with our strategic transformation to accelerate growth and make significant progress towards achieving these objectives in 2017.”
In premarket, its shares were up 1.09% at US$81.00.