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 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.