Yum! Brands Inc. updated its annual guidance Friday to disclose that same-store sales within its powerhouse China division would fall 4 percent for the fourth quarter, which led the company’s stock to fall as much as 10 percent during trading. The Louisville, Ky.-based operator or franchisor of KFC, Pizza Hut and Taco Bell stated in a release that same-store sales in China would turn negative in the fourth quarter, compared with a 21-percent increase in the fourth quarter of 2011. ...
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Contact: Desiree Torres Desiree.Torres@penton.com