Sales at Yum Brands restaurants in China fell by about 20% in the first two months of 2013 as a food scare drove customers away, but the slump was less than the company had feared.
Shares in the fast-food restaurateur jumped by about 6% in after-hours U.S. trading Monday after the company said same-store sales dropped by 24% at its KFC outlets, and by 2% at Pizza Hut restaurants.
The stock fell for three months running through January, but began to recover last month.
Read Full Article HERE
Mark Thompson, CNN Money via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/6RvPZsdCLQ8/
No comments:
Post a Comment