Yum! Brands (YUM) Pops on Better China Sales
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Yum! Brands, Inc. (NYSE: YUM) is trading up 7 percent following better-than-expected China same store sales.
Yum! Brands 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.
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.
Yum! Brands 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.
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.
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