Yum! Brands (YUM) China SSS Down 20%

March 11, 2013 4:20 PM EDT
Yum! Brands, Inc. (NYSE: YUM) first quarter same-store sales declined an estimated 20% for the China Division, versus the estimate of a drop of 25%. This included estimated declines of 24% at KFC and 2% at Pizza Hut Casual Dining. Consistent with prior years, the first quarter of the China Division is two months and includes January and February results.

February same-store sales growth was approximately 2% for the China Division, including flat same-store sales at KFC and 13% growth at Pizza Hut Casual Dining. We estimate the timing of Chinese New Year had a positive mid-teen impact on February same-store sales growth for both KFC and Pizza Hut Casual Dining, offsetting a similar negative mid-teen impact in January. For the full quarter, the Chinese New Year impact to same-store sales growth was neutral.

YUM! will release March same-store sales for our China Division on April 10, 2013 after market hours. YUM! will release first-quarter earnings on April 23, 2013 after market hours.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Retail Sales

Related Entities


Add Your Comment