Sales weakness in Yum! Brands Inc.’s China division caused significant declines in first-quarter global earnings and operating profit, despite positive results from Yum Restaurants International, or YRI, and its U.S. division, the company said Tuesday. Louisville, Ky.-based Yum said net income for the first quarter ended March 23 plummeted 27 percent to $337 million, or 72 cents per share, compared with $458 million, or 96 cents per share, in the first quarter of fiscal ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com