Photo: norsez via flickr
So much for the Chinese hard landing.Shares of Yum Brunds are rallying over 1% after-hours, after the owner of KFC said same-store sales in China surged 19% vs. estimates of 14.2% (according to Blomberg).
Total revenue for the quarter was $3.27 billion vs. $3.09 billion.
EPS of $.83 came in a penny ahead of expectations.
Full announcement here.