date:Feb 17, 2013
s, the adverse publicity has taken its toll.
January 2013 sales have dropped 37% including 41% fall for KFC and a 15% decline for Pizza Hut Casual Dining.
Yum has nearly 5,300 restaurants in China, mostly KFC. Its strong reputation for high food quality helped it grow briskly in a country where there have been some serious food safety scandals.
Following the release of the results Yum shares fell 5%
Despite the setbacks, Yum expects to open 700 new restaurants in China, where it looks to exp