Yum Brands' China cafe revenue enhance, shares rise

1. yum brands china cafe revenue
KFC father or mother Yum Brands Inc (YUM.N) on Tuesday stated initial-quarter revenue at
proven eating places in China, its prime market place, rose nine p.c as it recovers from an avian
flu outbreak and a foods security scare that pummeled desire for rooster final year. Shares in the
business, which gets much more than fifty percent of its revenue from China, rose 3.8 per cent in
soon after-hrs trade to $eighty.40. Yum's cafe product sales in China integrated an enhance of
eleven p.c at KFC and a increase of 8 p.c at Pizza Hut Relaxed Dining. Analysts polled by
Consensus Metrix ended up anticipating Yum's China sales to rise 9.four %. The quickly-foods
operator gets a lot more than 50 % of its general revenue from China, where most of its more
than six,300 dining places are KFCs. In the initial quarter of last 12 months, China identical-cafe
income fell 20 per cent, which includes a 24 per cent drop at KFC and two percent drop at Pizza
Hut Casual Dining. The China division's very first quarter consists of only January and February.
"Hunting in advance, we have important developing blocks in area in China and each of our
divisions to drive revenue and income expansion this 12 months and over and above," David
Novak, Yum's chairman and main govt, said in a statement. China's KFC first-quarter results
received a boost from a crispy chicken promotion that showcased contemporary Chinese
superstars, spokesman Jonathan Blum instructed Reuters. Yum also has been revamping its
product lineup to attract a lot more diners. In late March, KFC changed its menus to consist of 15
products that have been either totally new or previously only available as limited-time gives.
Quick-foods rival McDonald's Corp (MCD.N) said previously on Tuesday that its first-quarter
same-cafe product sales in China have been up six.six percent. Yum also reported initial-quarter
net revenue of $399 million, or 89 cents per share, for the 1st quarter that finished March 22,
when compared with $337 million, or 74 cents for every share, a calendar year before. The
organization, which will maintain a conference contact with fiscal analysts on Wednesday early
morning, also repeated its forecast for earnings per share expansion of at the very least twenty
per cent in 2014.
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