KFC owner Yum brands sees surprise drop in fourth quarter comparable sales

KFC owner Yum Brands witnessed a surprise drop in sales in the December quarter amid the Covid-19 pandemic. Credit: Reuters File Photo

Yum Brands Inc posted a surprise drop in fourth-quarter comparable sales on Thursday, as an increase in online orders failed to cushion the impact from restrictions on capacity in certain markets.

Comparable sales fell 1% for the KFC owner in the quarter ended Dec. 31, versus a Refinitiv IBES estimate of a 0.25% increase.

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