Calling 2013 “very humbling” with net profits falling 32 percent, Yum Brands Inc. officials pledged Tuesday that 2014 will be a “bounce-back” year with the focus on a restaging of the KFC brand in China. In a call with analysts following the release of disappointing fourth-quarter and full-year results on Wednesday, David Novak, Yum’s chief executive, reiterated the company’s goal of 20-percent earnings-per-share growth in 2014. He also promised a ...
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Contact: Desiree Torres Desiree.Torres@penton.com