Yum! Brands, the owner of KFC and Taco Bell![ext]()
, just warned that sales in its Chinese stores would fall short of expectations due to an
From the company's 8-K filing![ext]()
with the SEC![ext]()
:
Due to adverse publicity associated with a government review of China poultry supply - and the corresponding significant impact on KFC China sales during the last two weeks of December - we now expect China Division same-store sales to be -6% for the fourth quarter of 2012, versus our previous forecast of -4%. The Company expects full-year 2012 earnings per share, excluding Special Items, of approximately $3.24. We do not anticipate providing any further updates or commentary until our scheduled earnings release on February 4, 2013.
The new EPS expectation is below analysts' forecast calling for $3.26 per share![ext]()
.
Please follow Money Game![ext]()
on Twitter![ext]()
and Facebook![ext]()
.
Join the conversation about this story »![ext]()
Reported by Business Insider 6 hours ago.
, just warned that sales in its Chinese stores would fall short of expectations due to anFrom the company's 8-K filing
with the SEC:Due to adverse publicity associated with a government review of China poultry supply - and the corresponding significant impact on KFC China sales during the last two weeks of December - we now expect China Division same-store sales to be -6% for the fourth quarter of 2012, versus our previous forecast of -4%. The Company expects full-year 2012 earnings per share, excluding Special Items, of approximately $3.24. We do not anticipate providing any further updates or commentary until our scheduled earnings release on February 4, 2013.
The new EPS expectation is below analysts' forecast calling for $3.26 per share
.Please follow Money Game
on Twitter and Facebook.Join the conversation about this story »
Reported by Business Insider 6 hours ago.