Yum China sales result matches Street view, shares up

By Lisa Baertlein
LOS ANGELES (Reuters) – Yum Brands Inc on Wednesday reported second quarter China sales that matched Wall Street expectations, as the owner of the KFC, Taco Bell and Pizza Hut brands prepared to spin the division off around Oct. 31.
Investors had worried about the fundamentals of Yum’s China business, which recently posted bumpy results due to food safety scares and company missteps.
Yum shares jumped 3.7 percent to $85.74 in extended trading, after comments from Ch