KFC parent Yum says no bird flu hit to China sales
(REUTERS) - KFC parent Yum Brands Inc on Monday reaffirmed its 2014 profit and said a resurgent bird flu in China had not hurt national sales in its top market.
Shares of Yum jumped 4.7 per cent to $69.26 in after-hours trading.
Yum forecast earnings per share growth of at least 20 per cent for 2014. Many analysts had worried that the recent return of bird flu, which helped hammer demand for chicken in China last year, would hit Yum's business hard.
"We're not seeing any impact on national sales from bird flu in China," Yum spokesman Jonathan Blum told Reuters.