Yum! Brands operates or licenses Taco Bell, KFC, Pizza Hut, and other restaurants. It generates more than half of its overall operating profit in China, where it is the biggest Western restaurant operator with roughly 6,000 mostly KFC restaurants.
Yum Brands' fourth-quarter profit fell 5 per cent because of costs related to refinancing some debt, but its adjusted results beat expectations as its KFC chain recovers from a series of setbacks on the mainland.Wednesday, 5 February, 2014, 1:57am
Yum! Brands, owner of the KFC and Pizza Hut brands, said its China same-store sales rose 2 per cent last month, trailing analysts' estimates, as its fried chicken and pizza chains face more local rivals.15 Jan 2014 - 5:40am
Yum Brands said sales at established KFC restaurants on the mainland, its top market, failed to grow last month despite a successful half-priced chicken promotion, and it forecast a return to earnings per share growth next year.4 Dec 2013 - 6:21am
The heat seems to be getting to KFC parent Yum Brands on the mainland, after the fast-food chain saw China sales slide in July, with some market watchers saying a lack of focus on cooling drinks and ice cream meant diners looked elsewhere as record hot weather gripped the country.14 Aug 2013 - 3:40am
It’s official: China’s slowdown is starting to hurt corporate America.
As the world’s second-largest economy - and still growing - China is seen as a primary source of revenue growth by the largest US companies. But a country that once boasted double-digit growth is now growing at a more modest 7.5 per cent rate, its credit markets are overheated and fears of a housing bubble remain.19 Jul 2013 - 3:39pm
KFC parent Yum Brands has reported a smaller than expected decline in June sales at established restaurants in China, showing signs of recovery after sales were drastically hit by a food safety scare and a bird flu outbreak.11 Jul 2013 - 12:33pm