Yum http://www.globalpost.com/taxonomy/term/24506/all en Yum says dropped China chicken suppliers before review announced http://www.globalpost.com/dispatch/news/thomson-reuters/130108/yum-says-dropped-china-chicken-suppliers-review-announced <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Lisa Baertlein</p> <p>LOS ANGELES, Jan 8 (Reuters) - KFC parent Yum Brands Inc said it had stopped using chicken from suppliers in China that are now under a government investigation before the review was even announced, and analysts said they expect the company to recover from the business hit in its biggest market.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/yum-says-dropped-china-chicken-suppliers-review-announced" target="_blank">read more</a></p> Food and drink Yum Yum Brands Inc Yum! Brands Thomson Reuters Tue, 08 Jan 2013 20:45:15 +0000 5731829 at http://www.globalpost.com UPDATE 2-Yum cutting some supplier ties after China food scare http://www.globalpost.com/dispatch/news/thomson-reuters/130225/update-1-yum-cutting-some-supplier-ties-after-china-food-scare <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BEIJING, Feb 25 (Reuters) - Yum Brands Inc said on Monday it will stop using more than 1,000 slaughterhouses in China as it moves to tighten food safety and reverse a sharp drop in business at KFC restaurants in its top market after a scare over contaminated chicken.</p> <p>Diners began avoiding Kentucky-based Yum's nearly 5,300, mostly KFC, restaurants in China in December after news reports and government investigations in the Asian country focused on chemical residue found in a small portion of its chicken supply.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130225/update-1-yum-cutting-some-supplier-ties-after-china-food-scare" target="_blank">read more</a></p> Disaster Food and drink Yum Yum Brands Inc Yum! Brands Thomson Reuters Mon, 25 Feb 2013 19:15:49 +0000 5766283 at http://www.globalpost.com UPDATE 3-Yum China sales up in February amid turnaround, shares jump http://www.globalpost.com/dispatch/news/thomson-reuters/130311/update-1-yum-china-sales-february-amid-turnaround-shares-jump <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Adds more analyst comment)</p> <p>By Lisa Baertlein</p> <p>March 11 (Reuters) - KFC parent Yum Brands Inc reported an unexpected 2 percent rise in February sales at established restaurants in China, boosted by Chinese New Year and easing worries about a food safety scare that drove away customers.</p> <p>Shares in Yum jumped 6.6 percent in extended trading to $72.32, their highest level since November, after the results were far better than the estimated 8.7 percent drop expected by three analysts polled by Consensus Metrix.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130311/update-1-yum-china-sales-february-amid-turnaround-shares-jump" target="_blank">read more</a></p> Disaster Food and drink Yum Yum Brands Inc Yum! Brands Thomson Reuters Mon, 11 Mar 2013 22:00:05 +0000 5780154 at http://www.globalpost.com Yum China sales up in February amid turnaround, shares jump http://www.globalpost.com/dispatch/news/thomson-reuters/130311/yum-china-sales-february-amid-turnaround-shares-jump <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>March 11 (Reuters) - KFC parent Yum Brands Inc on Monday said February sales at established restaurants in China, its top market, rose an unexpected 2 percent as it works to recover from a steep business decline sparked by a food safety scare there late last year.</p> <p>The average of three analysts estimates was for a decline of 8.7 percent in February, according to Consensus Metrix.</p> <p>Yum also said first-quarter same-restaurant sales in China dropped 20 percent. It had previously forecast a 25 percent decline for the first quarter.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130311/yum-china-sales-february-amid-turnaround-shares-jump" target="_blank">read more</a></p> China Software Yum Yum Brands Inc Yum! Brands Thomson Reuters Tue, 12 Mar 2013 03:15:09 +0000 5780298 at http://www.globalpost.com Yum profit beats even as bird flu batters China sales http://www.globalpost.com/dispatch/news/thomson-reuters/130423/yum-profit-beats-even-bird-flu-batters-china-sales <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - KFC parent Yum Brands Inc &lt;YUM.N&gt; on Tuesday reported that quarterly profit fell less than Wall Street expected, despite a sharp drop in sales in its top China market, sending the company's shares up nearly 6 percent.</p> <p>The Louisville, Kentucky-based fast-food company also repeated its earnings forecast for the year, based on the better-than-expected first-quarter results.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130423/yum-profit-beats-even-bird-flu-batters-china-sales" target="_blank">read more</a></p> Financial data vendors Food and drink Yum Yum! Brands Thomson Reuters Tue, 23 Apr 2013 22:15:33 +0000 5823636 at http://www.globalpost.com KFC sales decline in China eases in May following bird flu scare; Yum expects growth by 4Q http://www.globalpost.com/dispatch/news/the-canadian-press/130611/kfc-sales-decline-china-eases-may-following-bird-flu-scare-y <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Yum Brands says a key sales figure for China dropped 19 per cent in May, as the parent company of KFC began to see signs of recovery from the double whammy of a bird flu scare and an earlier controversy over its chicken supply.</p> <p>The drop is an improvement from the 29 per cent decline in April. The company said the latest figure reflects a 25 per cent decline at KFC and 12 per cent growth at Pizza Hut.</p> <p>On Monday, McDonald's Corp. also blamed fears over bird flu for a decline in China sales for the month.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130611/kfc-sales-decline-china-eases-may-following-bird-flu-scare-y" target="_blank">read more</a></p> Food and drink Yum Yum Brands Inc Yum! Brands The Canadian Press Tue, 11 Jun 2013 22:30:18 +0000 5855763 at http://www.globalpost.com Yum feeling the heat in China as July sales tumble http://www.globalpost.com/dispatch/news/thomson-reuters/130813/yum-feeling-the-heat-china-july-sales-tumble <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Lisa Baertlein and Adam Jourdan</p> <p>LOS ANGELES/SHANGHAI (Reuters) - The heat seems to be getting to KFC parent Yum Brands Inc in China, after the fast-food chain saw China sales slide in July, with some market watchers saying a lack of focus on cooling drinks and ice cream meant diners looked elsewhere as record hot weather gripping the country.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130813/yum-feeling-the-heat-china-july-sales-tumble" target="_blank">read more</a></p> Business Food and drink Technology Yum Yum Brands Inc Yum! Brands Thomson Reuters Mon, 12 Aug 2013 20:45:59 +0000 5908431 at http://www.globalpost.com Yum Brands plans KFC makeover in China market http://www.globalpost.com/dispatch/news/thomson-reuters/140327/yum-brands-plans-kfc-makeover-china-market <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SHANGHAI (Reuters) - Yum Brands Inc's &lt;YUM.N&gt; fast food chain KFC is rewriting its menu and launching a publicity drive as it struggles to emerge from the shadow of a food safety scare in 2012 and see off rivals luring diners with innovative, home-grown fare.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140327/yum-brands-plans-kfc-makeover-china-market" target="_blank">read more</a></p> Food and drink Human Interest Yum Yum Brands Inc Yum! Brands Thomson Reuters Thu, 27 Mar 2014 15:51:00 +0000 6106650 at http://www.globalpost.com