Yum's restaurant (KFC, Taco Bell and Pizza Hut) sales falling by 10%, much worse than analysts expected due to weakness in China. The company said it expects same-store sales, excluding fuel, to fall 2% this year compared with last year.
Yum's restaurant (KFC, Taco Bell and Pizza Hut) sales falling by 10%, much worse than analysts expected due to weakness in China. However, Yum has reiterated its belief in a long-term growth strategy in China and intends to stay on track to open 700 new restaurants this year.