More on Yum Brands' (NYSE:YUM) Q2: China division sales and profits "significantly impacted by adverse publicity surrounding Avian flu" (operating profits in China fall 63%). Same-store sales in China fall 20% for the period but show some improvement in June, falling 10% compared to 19% in May — same-store sales rise 1% in the U.S. Restaurant margins fall 270 basis points on a worldwide basis and slide 500 basis points in China. Outlook is unchanged (mid-single-digit FY EPS decline) and China same-store sales should be back in positive territory by Q4. (PR)
More on Yum Brands' (NYSE:YUM) Q2: China division sales and profits "significantly impacted by...
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Symbol | Last Price | % Chg |
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YUM | - | - |
Yum! Brands, Inc. |