Yum! Brands, Inc. (YUM) said in a regulatory filing Tuesday that May same-store sales declined an estimated 19% for its China Division, including an estimated decline of 25% at KFC and 12% growth at Pizza Hut Casual Dining.
The company said publicity surrounding Avian flu in China continued to have a significant, negative impact on KFC sales in May.
The company said it expects KFC China same-store sales to continue to recover over the course of the year and be positive in the fourth quarter.
For the second quarter, same-store sales declined an estimated 20% for the China Division, including an estimated decline of 26% at KFC and 7% growth at Pizza Hut Casual Dining.
The second quarter for the China Division includes the months of March, April and May.
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