Yum won't chicken out from expansion
<p><span word="Download">Download</span></p><p><span word="Yum">Yum</span> <span word="Brands">Brands</span> <span word="Inc">Inc</span>, <span word="the">the</span> <span word="owner">owner</span> <span word="of">of</span> <span word="the">the</span> <span word="KFC">KFC</span> <span word="and">and</span> <span word="Pizza">Pizza</span> <span word="Hut">Hut</span> <span word="restaurants">restaurants</span>, <span word="said">said</span> <span word="on">on</span> <span word="Thursday">Thursday</span> <span word="it">it</span> <span word="will">will</span> <span word="maintain">maintain</span> <span word="the">the</span> <span word="pace">pace</span> <span word="of">of</span> <span word="its">its</span> <span word="expansion">expansion</span> <span word="in">in</span> <span word="China">China</span> <span word="despite">despite</span> <span word="the">the</span> <span word="tainted">tainted</span> <span word="chicken">chicken</span> <span word="scandal">scandal</span>.</p><p>"<span word="Yum">Yum</span> <span word="said">said</span> <span word="it">it</span> <span word="would">would</span> <span word="open">open</span> 700 <span word="eateries">eateries</span> <span word="this">this</span> <span word="year">year</span>. <span word="We">We</span> <span word="have">have</span> <span word="no">no</span> <span word="change">change</span> <span word="to">to</span> <span word="this">this</span> <span word="plan">plan</span>," <span word="said">said</span> <span word="Sam">Sam</span> <span word="Su">Su</span>, <span word="chairman">chairman</span> <span word="and">and</span> <span word="chief">chief</span> <span word="executive">executive</span> <span word="of">of</span> <span word="Yum">Yum</span> <span word="China">China</span>.</p><p><span word="In">In</span> <span word="July">July</span>, <span word="the">the</span> <span word="fast">fast</span>-<span word="food">food</span> <span word="giant">giant</span> <span word="based">based</span> <span word="in">in</span> <span word="Louisville">Louisville</span>, <span word="Kentucky">Kentucky</span>, <span word="said">said</span> <span word="its">its</span> <span word="second">second</span>-<span word="quarter">quarter</span> <span word="earnings">earnings</span> <span word="fell">fell</span> 15 <span word="percent">percent</span> <span word="as">as</span> <span word="a">a</span> <span word="result">result</span> <span word="of">of</span> <span word="decreasing">decreasing</span> <span word="Chinese">Chinese</span> <span word="sales">sales</span> <span word="caused">caused</span> <span word="by">by</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="bird">bird</span> <span word="flu">flu</span> <span word="outbreak">outbreak</span> <span word="and">and</span> <span word="the">the</span> <span word="effects">effects</span> <span word="of">of</span> <span word="a">a</span> <span word="food">food</span> <span word="safety">safety</span> <span word="scandal">scandal</span>.</p><p><span word="According">According</span> <span word="to">to</span> <span word="the">the</span> <span word="parent">parent</span> <span word="company">company</span> <span word="of">of</span> <span word="Taco">Taco</span> <span word="Bell">Bell</span>, <span word="KFC">KFC</span> <span word="and">and</span> <span word="Pizza">Pizza</span> <span word="Hut">Hut</span>, <span word="same">same</span>-<span word="store">store</span> <span word="sales">sales</span> <span word="in">in</span> <span word="China">China</span>, <span word="which">which</span> <span word="generated">generated</span> <span word="more">more</span> <span word="than">than</span> <span word="half">half</span> <span word="of">of</span> <span word="its">its</span> <span word="total">total</span> <span word="revenue">revenue</span> <span word="last">last</span> <span word="year">year</span>, <span word="fell">fell</span> 20 <span word="percent">percent</span> <span word="in">in</span> <span word="the">the</span> <span word="second">second</span> <span word="quarter">quarter</span>, <span word="including">including</span> <span word="a">a</span> 26 <span word="percent">percent</span> <span word="decline">decline</span> <span word="at">at</span> <span word="KFC">KFC</span> <span word="but">but</span> 7 <span word="percent">percent</span> <span word="growth">growth</span> <span word="at">at</span> <span word="Pizza">Pizza</span> <span word="Hut">Hut</span>.</p><p>"<span word="Business">Business</span> <span word="in">in</span> <span word="China">China</span> <span word="has">has</span> <span word="been">been</span> <span word="picking">picking</span> <span word="up">up</span> <span word="gradually">gradually</span>," <span word="said">said</span> <span word="Su">Su</span>, <span word="as">as</span> <span word="Yum">Yum</span>'<span word="s">s</span> <span word="same">same</span>-<span word="store">store</span> <span word="sales">sales</span> <span word="decrease">decrease</span> <span word="in">in</span> <span word="China">China</span> <span word="narrowed">narrowed</span> <span word="from">from</span> 19 <span word="percent">percent</span> <span word="in">in</span> <span word="May">May</span> <span word="to">to</span> 10 <span word="percent">percent</span> <span word="in">in</span> <span word="June">June</span>. <span word="Su">Su</span> <span word="said">said</span> <span word="he">he</span> <span word="believes">believes</span> <span word="China">China</span> <span word="sales">sales</span> <span word="will">will</span> <span word="turn">turn</span> <span word="positive">positive</span> <span word="in">in</span> <span word="the">the</span> <span word="future">future</span> <span word="as">as</span> <span word="the">the</span> <span word="company">company</span> <span word="made">made</span> <span word="food">food</span> <span word="safety">safety</span> <span word="a">a</span> <span word="top">top</span> <span word="priority">priority</span>.</p><p><span word="At">At</span> <span word="the">the</span> <span word="end">end</span> <span word="of">of</span> <span word="last">last</span> <span word="year">year</span>, <span word="Shanghai">Shanghai</span>'<span word="s">s</span> <span word="food">food</span> <span word="regulators">regulators</span> <span word="said">said</span> <span word="eight">eight</span> <span word="batches">batches</span> <span word="of">of</span> <span word="chicken">chicken</span> <span word="supplied">supplied</span> <span word="to">to</span> <span word="the">the</span> <span word="company">company</span> <span word="by">by</span> <span word="Liuhe">Liuhe</span> <span word="Group">Group</span> <span word="Co">Co</span> <span word="had">had</span> <span word="excessive">excessive</span> <span word="levels">levels</span> <span word="of">of</span> <span word="antibiotics">antibiotics</span>. <span word="Yum">Yum</span> <span word="said">said</span> <span word="it">it</span> <span word="stopped">stopped</span> <span word="all">all</span> <span word="supplies">supplies</span> <span word="from">from</span> <span word="Liuhe">Liuhe</span> <span word="in">in</span> <span word="August">August</span> 2017, <span word="but">but</span> <span word="its">its</span> <span word="China">China</span> <span word="business">business</span> <span word="has">has</span> <span word="been">been</span> <span word="greatly">greatly</span> <span word="affected">affected</span> <span word="since">since</span> <span word="then">then</span>.</p><p><span word="To">To</span> <span word="help">help</span> <span word="ease">ease</span> <span word="the">the</span> <span word="dropping">dropping</span> <span word="off">off</span> <span word="of">of</span> <span word="business">business</span> <span word="and">and</span> <span word="win">win</span> <span word="back">back</span> <span word="brand">brand</span> <span word="confidence">confidence</span>, <span word="it">it</span> <span word="announced">announced</span> <span word="new">new</span> <span word="quality">quality</span>-<span word="assurance">assurance</span> <span word="measures">measures</span> <span word="in">in</span> <span word="February">February</span>.</p>
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