Yum! Brands is experiencing an increase in its stock price.
According to Yahoo! Finance,"Yum shares fell 8% from Dec. 17 to Dec. 21 after food safety officials in Shanghai found high levels of an antiviral drug used to treat Parkinson's disease in some samples of KFC chicken from 2010 and 2011. Levels of antibiotics and steroids were within legal limits."
The company ended relationships with nearly 1,000 farmers of its network of poultry suppliers Natural News reported. In January, the company advised their consumers they would be keeping a closer look at their suppliers to make sure they are not placing large levels of hormones or any antiviral drugs.
According to the company's website, "Yum! Brands, Inc. is the world's largest restaurant company, with more than 38,000 restaurants in over 110 countries and territories and over 1 million associates. They own KFC, Pizza Hut and Taco Bell., "We're proud of the unique culture we've built, one that's filled with energy, opportunity, and fun. We believe in our people, trust in their positive intentions, encourage ideas from everyone, and have actively developed a workforce that is diverse in style and background".
According to Bloomberg News, "Sales at KFC stores open at least 12 months fell 24 percent during the quarter while those at Pizza Hut dropped 2 percent," Yum wrote in a statement. "China's first quarter consists of January and February."
Last week, Taco Bell, another restaurant owned by Yum, released their Cool Ranch Doritos Locos Tacos; they are tacos with a Doritos flavored shell. Taco Bell also offers guests $1 happy hour from 2-5pm. The $1 Cravings menu includes three new items: a spicy chicken mini quesadilla, a spicy cheese roll up and a beefy cheesy burrito
Pizza Hut sales decreased 2 percent despite their added deals listed on their menu. They are offering consumers any large pizza with 2-toppings when they order they carry -out Monday through Thursday, They are also offering pizza sliders; they are 3 for $5 or 9 for $10.
Yum ended the day with its stock at $72.11 per share. The company seems to recuperating from the poultry scandal that occurred in December.