Yum! Brands says 'cooperating fully with Chinese government' In response to recent publicity, the Company is providing the following statement: "We're cooperating fully with the Chinese government's review of two poultry suppliers who provided chicken with unapproved levels of antibiotics to KFC. These suppliers represent an extremely small percentage of product to KFC. As such, we do not anticipate a shortage of product supply. Recent publicity has resulted in moderate sales impact the past few days. We take food safety very seriously and the China team is diligently working to resolve this issue."
Yum! Brands authorizes up to $1B in share repurchases Yum! Brands board authorized the company to repurchase up to $1B in additional shares of common stock. The $1B in additional share repurchases of the company’s outstanding common stock is authorized through May 31, 2016.