Feb 7 (Reuters) - Yum China Holdings Inc’s same-store sales beat analysts’ estimates, driven by strong sales at its KFC restaurants.
The company said same-restaurant sales rose 5 percent in the fourth quarter ended Dec. 31, while analysts expected an increase of 3 percent, according to Thomson Reuters I/B/E/S.
Yum China reported a loss of $90 million, or 23 cents per share, compared with a profit of $88 million or 23 cents per share, a year earlier.
Net sales of the company, which also operates Pizza Hut and Taco Bell chains, rose 12.6 percent to $2.2 billion.
Reporting by Vibhuti Sharma in Bengaluru