The Traderszone Network

Published in TZ Latest News 4 February, 2016 by The TZ Newswire Staff

Beefed up: McDonald’s edging out KFC, Pizza Hut in China revival battle

Yum Brands Inc (YUM.N), the home of KFC and Pizza Hut, is falling behind rival McDonald’s Corp (MCD.N) as the pair battle to revive flagging sales in China – a headache for Yum as it looks to spin off operations in its biggest market. A Reuters analysis of same-store sales data suggests McDonald’s is recovering faster in China than larger rival Yum as both seek to bounce back from a slew of food safety scandals dating back to 2012. McDonald’s said last week fourth-quarter same-store sales in China rose 4 percent, a second straight quarter of growth.