Yum! Brands reports Q4 China SSS down 6% Same-store sales grew 3% at YRI and 3% in the U.S. Same-store sales declined 6% in China. China Division KFC same-store sales turned sharply negative during the last two weeks of December as a result of adverse publicity from the poultry supply situation.
Yum! Brands volatility elevated into Q4 and outlook Yum! Brands February weekly call option implied volatility is at 86, February is at 44, March is at 34; compared to its 52-week range of 19 to 47, suggesting large near term price movement into the expected release of Q4 results today.