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Yum Brands (YUM) reports same-store sales in China -20% in Q1 vs. its earlier estimate of 25%....
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Monday, March 11, 4:30 PM ETYum Brands (YUM) reports same-store sales in China -20% in Q1 vs. its earlier estimate of 25%. February same-store sales registered a sequential gain of about 2%. For the full quarter thus far, the impact of the Chinese New Year is judged as neutral. Shares +7.5% AH.
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Toyota is #1 again, while its Cn business has declined around 20%.
Which goes to show the best in efficiency of an effective diversified MNC. So YUM mgmt lacks this prowess?