Yum China sales up in Feb amid turnaround

0 Comment(s)Print E-mail Agencies via China Daily, March 12, 2013
Adjust font size:

Pieces of fried chicken are pictured at a KFC restaurant in Beijing, Feb 26, 2013. Yum Brands Inc on Monday reported an unexpected 2 percent rise in February sales at established restaurants in China. [Photo / Agencies]

Pieces of fried chicken are pictured at a KFC restaurant in Beijing, Feb 26, 2013. Yum Brands Inc on Monday reported an unexpected 2 percent rise in February sales at established restaurants in China. [Photo / Agencies]

KFC parent Yum Brands Inc on Monday reported an unexpected 2 percent rise in February sales at established restaurants in China, after Chinese New Year boosted sales in its top market that has been hit hard by a food safety scare.

Shares in Yum jumped 6 percent in extended trading to $71.86, their highest level since November, after the results were far better than the estimated 8.7 percent drop expected by three analysts polled by Consensus Metrix.

Yum also reported a 20 percent decline in first-quarter same-restaurant sales for China, which was less steep than its prior forecast for a 25 percent drop.

The February results included flat same-restaurant sales at KFC and 13 percent growth at Pizza Hut Casual Dining.

Chinese New Year increased Yum China's February results in the mid-teen percentages, offsetting a similar hit in January, Yum said in a statement. As a result, the overall impact of the holiday was neutral for the first quarter, which includes only January and February.

The fast-food operator reaps more than half of its overall sales in China, where most of its nearly 5,300 restaurants are KFCs. It does not normally report monthly China sales results, but is doing so while it works to turn that business around.

Yum China's January same-restaurant sales fell 37 percent, including a 41 percent fall at KFC and a 15 percent decline at Pizza Hut Casual Dining.

Yum last month said it expected KFC same-store sales in China to turn up by the fourth quarter.

The February results "would seem to imply that the recovery is potentially going to be faster than what we thought," Bernstein Research analyst Sara Senatore said.

Diners in China started cutting back on visits to Yum's restaurants in December after news reports and government investigations focused on chemical residue found in a small portion of its chicken supply.

Yum was not fined by food safety authorities.

The company has apologized for the chicken incident, vowed to end ties with smaller poultry suppliers that have not modernized their operations and pledged to further tighten its food safety procedures.

"I do think they've said all the right things so far. It's just going to take some time for consumers to get over the negative perception," Morningstar analyst R.J. Hottovy said.

A new Reuters analysts of KFC comments on Weibo - China's version of a social media site - showed that customer anger appears to be easing.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产精品99久久久久久人| 第272章推倒孕妇秦| 成人黄18免费视频| 亚洲欧美乱综合图片区小说区| 麻豆精品传媒视频观看| 国内精品久久久久久久影视麻豆| 久久国产精品99国产精| 男人把女人桶爽30分钟应用| 国产日韩欧美亚欧在线| 一区二区视频免费观看| 欧美中文字幕视频| 午夜精品久久久久久久99热| 2021日产国产麻豆| 日产精品一二三四区国产| 五月天婷亚洲天综合网精品偷| 看免费的黄色片| 国产性生活大片| aaaa级毛片| 日本道在线观看| 亚洲第一性网站| 色综合久久精品中文字幕首页| 国产香蕉国产精品偷在线| 久久丫精品久久丫| 欧美日韩国产色综合一二三四| 免费a级毛片18以上观看精品| 鲁啊鲁在线视频| 在总受文里抢主角攻np| 久久99精品国产麻豆婷婷| 日韩在线视频不卡| 亚洲欧美精品日韩欧美| 能在线观看的一区二区三区| 国产精品亚洲片夜色在线| 一级毛片www| 日韩免费观看视频| 久在线精品视频| 永久免费无码网站在线观看| 四虎麻豆国产精品| 日韩精品免费一级视频| 大胆gogo高清在线观看| 久久久久久久久亚洲| 日本精品久久久久中文字幕|