Yum's China Sales Fall 20% as It Tries to Win Back KFC Customers
Yum Brands Inc. said same-store sales in its China division fell an estimated 20% in the first quarter, a smaller decline than it had previously projected. The parent of KFC also reported that same-store sales rebounded in February.
Shares jumped 7.3% to $72.77 after hours. The stock is up 2.2% since the start of the year.
Yum, which also...
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