Thursday, April 21, 2016

KFC, Taco Bell, Pizza Hut parent soars on Chinese demand

Yum Brands, the parent company of KFC, Taco Bell and Pizza Hut, handily beat first-quarter earnings expectations, driven by growth in China.

Yum also posted higher same-store sales in each of its fast-food chains. KFC's same-store sales, a measure that takes out growth to show how the chains are performing at existing eateries, increased 1%, while Pizza Hut was up 3% and Taco Bell grew 1%.. . . more

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