Thursday, February 4, 2016
Yum Brands sales at established restaurants rise more than expected
(Reuters) - KFC owner Yum Brands Inc
, which is spinning off its China business, reported sales at established restaurants rose more than expected in the fourth quarter, helped by strong sales in China.
Global sales at established stores open for more than a year jumped 6 percent in the quarter, handily beating analysts average estimate of 1.80 percent, according to research firm Consensus Metrix.
Sales of established China stores rose 7 percent, also beating estimates of an increase of 1.9 percent.
(Reporting by Subrat Patnaik in Bengaluru; Editing by Savio D'Souza)