Yum sales soar in China in first quarter, boosted by KFC

A customer walks out of a KFC restaurant in Shanghai, China, October 9, 2015. REUTERS Aly Song/File PhotoMoreBy Lisa Baertlein
(Reuters) – Yum Brands Inc’s China sales accelerated faster than Wall Street expected in the first quarter, driven by Chinese New Year KFC chicken bucket promotions, in a good sign for the company’s planned spinoff of the China unit.
Profit in the first quarter also topped analysts’ targets and the company raised its forecast for core business ope