Yum Posts Surprise China Sales Gain
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Yum! Brands Inc., owner of KFC and Pizza Hut, posted a surprise gain in same-store sales in China last month as promotions lured diners to the company’s fried-chicken chain.
Sales at stores open at least 12 months in China rose 1 percent, the Louisville, Kentucky-based company said yesterday in a statement. Analysts estimated a 1.2 percent decline, the average of nine projections from Consensus Metrix. Comparable-store sales were unchanged at KFC, after eight straight monthly declines, and increased 7 percent at Pizza Hut.