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 includes a 2-percent ...

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