Yum! Brands in China recovery

Fast food chain operator Yum! Brands saw its net income in the second quarter rise 19 per cent to $334 million.

A strong performance in China, where system sales increased 21 per cent and same-store sales grew 15 per cent, boosted the global profit.

The continuous recovery from supply chain scandal and Avian flu outbreak as well as the initial success of its KFC menu revamp helped it rebound in the world’s second largest economy.

Bullish about China market, Yum! remains on track to open at least 700 new restaurants there, adding to its more than 6300 restaurants, including East Dawning and Little Sheep.

Outside China, the company expects to open 1250 new international outlets this year, further strengthening its leadership position in emerging markets.

“I’m confident we are building momentum behind major initiatives around the world that will sustain double-digit EPS growth in 2015 and beyond,” says CEO David Novak.

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