Decline in Yum’s China restaurant sales eases in May

KFC parent Yum Brands has reported an estimated 19 per cent drop in May sales at established restaurants in China, a smaller decline than in April when the country’s bird flu outbreak caused diners to shun chicken.

That result just matched the average of eight analysts, as compiled by Consensus Metrix. Shares in Yum fell 1.3 per cent at US$70.80 in after-hours trading.

The fast-food operator generates more than half of its overall sales in China, where most of its nearly 5,300 restaurants are KFCs.

via Business feed http://www.scmp.com/business/companies/article/1259018/decline-yums-china-restaurant-sales-eases-may