Retail in Asia

In Sectors

Yum China disappoints as Chinese growth cools

KFC parent Yum Brands’ first-quarter restaurant sales in China slightly missed analysts’ lofty expectations for the market that accounts for more than 40 percent of the company’s profits.

Expectations were high going into the quarter despite a slight cooling in economic growth in China, which accounts for just over 40 percent of Yum’s overall profits.

Yum for the first time reported its results from India as a stand-alone unit. The company’s more than 400 outlets there saw same store-sales rise 8 percent.

(Source: CNBC)