综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Companies

Yum sales in China slide after Husi probe

(Agencies) Updated: 2014-09-05 02:46

Yum Brands Inc, which gets about half of its revenue from China, said third-quarter same-store sales in the nation fell about 13 percent following a probe into one of its suppliers.

Sales at both its KFC and Pizza Hut locations in China were hurt by publicity after OSI Group LLC was investigated for changing sell-by dates on food, the Louisville, Kentucky-based Yum said in a filing with the US Securities and Exchange Commission.

Yum also said it's planning to take legal action against OSI and its Shanghai Husi unit to recover damages.

"While sales are beginning to rebound, they continue to be negative," Yum said in the filing.

"Our brands have proven resilient over time, and we expect this to be the case with this situation as well."

Yum Brands, which was starting to rebound from a supply chain investigation in China that started in 2012, was hit by another food scare in the country in July when Husi became the subject of a government probe into the altering of expiration dates on food.

The restaurant chain terminated its relationship with OSI globally after the investigation.

Yum, which also owns Taco Bell, saw its shares fall 3.5 percent to $69 at the closing bell on Wednesday in New York.

The stock has lost 5.5 percent this year through the close of regular trading last year.

The company is scheduled to report full results for the third quarter, which ended on Sunday on Oct 7.

Hot Topics

Editor's Picks
...
...
修水县| 龙游县| 镇巴县| 会同县| 鄂州市| 图们市| 邹平县| 土默特右旗| 建昌县| 那曲县| 郁南县| 视频| 文登市| 宁乡县| 桐庐县| 眉山市| 报价| 吉林省| 河间市| 汶上县| 合川市| 宁阳县| 虹口区| 崇文区| 达州市| 奉新县| 且末县| 台湾省| 光山县| 通州市| 开江县| 加查县| 沐川县| 运城市| 宿州市| 嘉义市| 延津县| 海伦市| 利津县| 龙江县| 昌图县|