Yum Brands Inc. slumped after the chain reaffirmed its guidance for 2012, but said same-store sales in China will slacken in the fourth quarter. The parent of Taco Bell and KFC continues to expect full-year 2012 adjusted earnings of $3.24 per share, just below estimates of $3.28. However, for the current fourth quarter, Yum anticipates softer sales in China, where same-store sales are expected to be a negative 4 percent. China accounts for more than half of Yum’s overall business.
Yum slumps on weaker sales in China
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week