Yum says China food safety scare hurting KFC, Pizza Hut sales

[riky]

Yum says China food safety scare hurting KFC, Pizza Hut sales

<p><a href="http://news.yahoo.com/yum-brands-says-china-sales-hit-food-scandal-212206246--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/FV1lFsKD9kS4h95pF5c4Vw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-07-30T212206Z_1_LYNXMPEA6T0VG_RTROPTP_2_CHINA-FOOD.JPG" width="130" height="86" alt="A man walks out of the entrance of Husi Food factory in Shanghai" align="left" title="A man walks out of the entrance of Husi Food factory in Shanghai" border="0" /></a>(Reuters) - Yum Brands Inc on Wednesday said a television expose showing improper meat handling by one of its Chinese suppliers caused &quot;significant, negative&quot; damage to sales at its KFC and Pizza Hut restaurants over the past 10 days. &quot;If the significant sales impact is sustained, it will have a material effect on full-year earnings per share,&quot; Yum said in a regulatory filing. Shares in Yum, which counts China as its No. 1 market, tumbled 6.1 percent in extended trading, down $4.45 to $68.55. The latest food safety scandal to rock China came as Yum's restaurant sales there had just begun recovering from a slide last year due to an avian food outbreak and a food safety scare.</p><br clear="all"/>

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