The company could hit its financial goals in the second half of 2012 despite its recent profit decline
Though Yum! Brands Inc. recently acknowledged that China’s slowing economic growth led to the restaurant company’s rare decrease in quarterly operating profit for its China division, a securities analyst who met with Yum’s financial officials last week wrote in a research note that the company’s initiatives should produce a near-term rebound and continued growth over the long haul. After meeting with Yum president Rick Carucci and chief financial officer Patrick ...
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