Shares in the company behind KFC, Pizza Hut and Taco Bell rose nearly 4 per cent in extended trading, after the company reported a 6 per cent rise in first quarter same-store sales at its China division, eclipsing estimates for a 2.1 per cent gain. That compared to a 12 per cent drop in the prior year quarter.
KFC China saw a 12 per cent jump in same-store sales growth, which the company attributed to a Chinese New Year bucket promotion.
Comparable sales increased at all of the company’s divisions and were up 2 per cent worldwide.
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