Yum's China restaurant sales jump as KFC bounces back

July 16 Wed Jul 16, 2014 4:19pm EDT

July 16 (Reuters) - KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent as it recovers from an avian flu outbreak and a food safety scare that slashed demand for chicken last year.

Yum's restaurant sales in China included a 21 percent increase at KFC and flat results at Pizza Hut Casual Dining.

Analysts polled by Consensus Metrix were expecting Yum's China sales to climb 11.4 percent for the second quarter.

Those sales tumbled 20 percent in the second quarter last year.

Shares of Yum, which gets more than half of its sales from China, slid 0.8 percent to $82.05 in extended-hours trading.

(Reporting by Lisa Baertlein in Los Angeles; Editing by Jan Paschal)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video