Yum Brands swings to a loss in Q4; China sales fall 16%
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Yum Brands Inc, owner of the Pizza Hut and KFC fast-food chains, posted fourth-quarter revenue that beat analysts' estimates. Sales in China slid less than expected.
Sales fell 4.4 per cent to about US$4 billion, the Louisville, Kentucky-based company said in a statement on Wednesday. The average of 15 analysts' estimates compiled by Bloomberg was US$3.94 billion.
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