www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Yum trims full-year outlook as sales ebb

By Wang Zhuoqiong (China Daily) Updated: 2014-12-11 10:49

Yum trims full-year outlook as sales ebb

A customer walks past a KFC store in Shanghai July 22, 2014. [Photo/Agencies]

Yum Brands Inc on Wednesday lowered its full-year profit forecast, hurt by slower-than-expected sales recovery in China following a food safety scare in July.

According to industry sources, this is the second time this year that the company, which operates Pizza Hut and KFC restaurant chains, has revised its earnings estimates due to the food safety scandal, and is something that could hurt it for a longer period.

The company had earlier this month indicated that its full-year same-store sales in China would decline by a mid-single digit figure. Yum said the recovery in sales has been much lower in China than anticipated. It had earlier cut the forecast to 6-10 percent from at least 20 percent earlier.

A television report in early July showing improper meat handling by one of the company's suppliers - Shanghai Husi Food - scared away customers in China, Yum's biggest market by sales.

US-based fast-food chains McDonald's Corp and Burger King Worldwide Inc and coffee chain Starbucks Corp also landed into controversy as they also procured meat from Shanghai Husi.

Yum said on Tuesday it expects 2015 profit to grow by at least 10 percent, while expecting operating profit in the China division to grow by at least 15 percent.

Following the food safety scandal, Yum has been urging its customers in China to visit more than 1,000 of its kitchens and two suppliers to understand the safety measures being incorporated.

Customers can register online to book a visit. A tour led by the manager of a Shanghai restaurant this month showcased employees washing hands thoroughly and checking the oil used in the fryers and the water used for the food.

Tour participants, however, were not allowed to use their mobile phones, take pictures or video, or record any audio.

James Roy, associate principal of China Market Research Group, said food safety issues have dented consumer confidence and Yum's same store sales performances in China. Yum, a global brand, used to be seen as a company that epitomizes extreme safety in China. But the food scandal has made it clear that such perceptions are not correct.

"Even a minor safety issue can cause long-term damage to brands," Roy said. Chinese consumers have been provided with more alternatives for meals and they are willing to spend more money on more premium options than brands under Yum, he said.

"Yum will struggle for a while to regain consumer confidence in China, given the changed competitive atmosphere," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产91精品一区 | a高清免费毛片久久 | 欧美视频免费一区二区三区 | 日韩欧美精品综合一区二区三区 | 亚洲国产精品久久卡一 | 波野多衣在线观 | 国产欧美日韩综合精品一区二区 | 亚洲国产精品久久人人爱 | 精品国产中文一级毛片在线看 | 成年视频国产免费观看 | 美女18网站 | 欧美精品网站 | 美女视频黄色的免费 | 国产自产v一区二区三区c | 韩日一区二区 | 国产精品亚洲四区在线观看 | 岛国大片在线播放免费 | 天堂色网站 | 欧美日韩a∨毛片一区 | 三级毛片在线 | 亚洲精品久久久久久久福利 | 久久精品在线视频 | 日韩特黄毛片 | 国产一区免费在线观看 | 国产成人盗拍精品免费视频 | 国产高清一区二区三区视频 | 一级女性全黄生活片免费 | 久久国产免费一区 | 在线观看国产 | 亚洲网站在线播放 | 国产成人a大片大片在线播放 | 欧美特黄一级视频 | 国产成人亚洲日本精品 | 三级黄a| 国产精品午夜性视频网站 | www.99精品 | 加勒比一本大道香蕉在线视频 | 日韩精品久久久免费观看夜色 | 午夜一区二区福利视频在线 | 日韩三及片 | 国产90后美女露脸在线观看 |