Yum! Brands April same-store sales for China division down 29%

theflyonthewall.com

Yum! Brands disclosed in a regulatory filing April same-store sales declined an estimated 29% for the China Division, consistent with prior guidance. This included an estimated decline of 36% at KFC and 5% growth at Pizza Hut Casual Dining. Beginning the first week of April, publicity surrounding Avian flu in China has had a significant, negative impact on KFC sales. Historically, the impact of this publicity has initially been dramatic at KFC but relatively short-lived.

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