Yum! downgrades earnings forecast on China woes

02/4/2013 | Reuters

Yum! Brands revised its earnings forecast for 2013 on Monday, to a "mid-single-digit" percentage decline from an earlier announced estimate of 10% growth, citing a backlash after it was learned last year that KFC restaurants in China were sourcing chicken from two producers that were using excessive antibiotics. Yum! saw January same-store sales fall 37% in China, where it has 5,300 restaurants that typically generate half the company's sales.

View Full Article in:

Reuters

Published in Briefs:

SmartBrief Job Listings for Retail

Job Title Company Location
Commercial Building Products Sales Specialist
Parksite Inc
Columbia, SC
Outside Sales Representitive
Purity Cylinder Gases, Inc
Lansing, MI
GLOBAL STORE OPERATIONS DIRECTOR LABOR OPTIMIZATION & MEASURABLE PROCESS
Nike, Inc.
Beaverton, Oregon
Director, Terry J. Lundgren Center for Retailing
The University of Arizona
Tucson, Arizona
Director ERP Business Transformation & Strategy
Lands' End
Dodgeville, Wisconsin