Yum's China restaurant sales drop as chicken scare hurts KFC
Posted : Monday, 04 February 2013 04:55PM
(Reuters) - KFC parent Yum Brands Inc <YUM.N> on Monday reported a 6 percent drop in fourth-quarter sales at established restaurants in China after a food safety scare ensnared some of its chicken suppliers in its top market.
Yum warned in early January that fourth-quarter, same-restaurant sales for China would fall 6 percent after excessive levels of chemical residue were found in chicken from some of its suppliers.
(Reporting By Lisa Baertlein in Los Angeles; Editing by Leslie Gevirtz)
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