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 ...
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