You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Yum slumps on weaker sales in China

Yum said its China sales will fall in the quarter.

Claro Cortes IV/Reuters/File

Yum said its China sales will fall in the quarter.

Continue reading below

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.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in 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 25¢ a week
Marketing image of
Marketing image of