Yum China 1Q sales fall 20 percent

Yum China 1Q sales fall 20 percent

Company says sales may not recover until end of year or later

Yum! Brands Inc., the operator or franchisor of KFC, Pizza Hut and Taco Bell, reported that same-store sales for its 5,400-plus-unit system in China declined an estimated 20 percent in the first quarter, which encompasses only January and February.

The 20-percent decline comprises an estimated 24-percent decrease in first-quarter same-store sales at KFC, as well as a 2-percent drop at Yum China’s other major brand, Pizza Hut Casual Dining.

The figure

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