KFC operator Yum's same-store sales, profit falls as lockdowns bite
Share:
(Reuters) - Yum Brands Inc reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to delivery and take-away due to lockdowns to curb the spread of the novel coronavirus.The company said it incurred a goodwill impairment charge of $139 million from its purchase of Habit Burger Grill, a burger chain it bought earlier this year. "First-quarter results reflect two different realities. We began the year with momentum .....