Yum China sales match Street, despite cooling there
Oct 9 (Reuters) - KFC parent Yum Brands Inc on Tuesday said sales at established restaurants in China matched Wall Street's expectations amid worries that cooling growth in the company's biggest market would hurt results.
Yum's same-restaurant sales in China were up 6 percent for the third quarter, in line with the gain analysts polled by Consensus Metrix expected.
The company's net income for the quarter, ended Sept. 8, rose to $471 million, or $1 per share, from $383 million, or 80 cents per share, a year earlier.
Yum also owns the Pizza Hut and Taco Bell chains.
- Ukraine president accuses Russian soldiers of backing rebel thrust |
- Video shows Islamic State executes scores of Syrian soldiers |
- In town halls, U.S. lawmakers hear voter anger over illegal migrants |
- U.S. air strikes on Syria would face formidable obstacles
- Ukraine leader says Russian forces are in the country as key town falls