April 24, 2013
The Avian flu is making Yum Brands' China sales sick.
While the company has been enjoying strong sales in the U.S., particularly from its Taco Bell unit, much of that growth is overshadowed by poultry scares in China that have caused sales to plummet in recent months -- most recently because of Avian flu concerns.
Same-store sales for the first quarter declined 20% in Yum's China division, including a 24% decline at KFC and 2% decline at Pizza Hut. Same-store sales grew 1% at Yum's international division and 2% in the U.S. segment.
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