- Yum's (YUM) July Chinese same-store decline is bigger than the 10% drop it saw in June (which was a marked improvement from May's -19%), and suggests Avian flu fears aren't receding as quickly as hoped.
- KFC same-store sales -16% Y/Y, a little worse than June's -13%. Pizza Hut -3%, a marked slowdown from June's +6%.
- Yum still expects Chinese same-store sales to "recover over the course of the year and be positive in the fourth quarter."
Yum Chinese same-store sales -13% Y/Y in July; shares -3.3% AH
Aug 12 2013, 16:19 ET