The Traderszone Network

Published in TZ Latest News 14 July, 2015 by The TZ Newswire Staff

Yum logs Q2 profit beat, but key China sales figures misses

The company’s sales at established KFC and Pizza Hut restaurants in China plunged after a television news story in July last year alleged that one of its suppliers was using meat that was past its expiration date. Same-store sales in China plunged 10 percent in the second quarter, much steeper than the 8.40 percent fall that analysts had expected, according to research firm Consensus Metrix.

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