Yum! Brands Inc. chairman and CEO David Novak is remaining optimitist that his company will recover from its ongoing struggles in China. Sales in the China division — the company’s largest — fell 6 percent, to $1.13 billion. Operating profit for the division fell 40 percent, to $154 million. As Business First reported Tuesday, the company’s overall first-quarter net income fell to $337 million, or 72 cents per share, diluted, from $458 million, or 96 cents per share, a year earlier. Revenue…
Reported by bizjournals 7 hours ago.
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