Yum Brands Inc. (NYSE:YUM), owner of the KFC and Pizza Hut dining chains, reversed earlier losses that were sparked on account of weak monthly sales results from China.
Shares of the company were lately up by 0.66 percent to $67.20, stretching year-to-date gains to 1.1 percent.
The fast-food chain based in Louisville, Kentucky, reported that March same-store sales slumped 13 percent at its China unit following an avian flu scare in its most lucrative country.
The decline follows a 20 percent drop for January and February.
Yum, which has more than 39,000 locations worldwide, is the biggest Western fast-food operator in China with about 5,300 locations.
Yum is due to report its first-quarter earnings on April 23. Reported by Proactive Investors 8 hours ago.
Shares of the company were lately up by 0.66 percent to $67.20, stretching year-to-date gains to 1.1 percent.
The fast-food chain based in Louisville, Kentucky, reported that March same-store sales slumped 13 percent at its China unit following an avian flu scare in its most lucrative country.
The decline follows a 20 percent drop for January and February.
Yum, which has more than 39,000 locations worldwide, is the biggest Western fast-food operator in China with about 5,300 locations.
Yum is due to report its first-quarter earnings on April 23. Reported by Proactive Investors 8 hours ago.