Yum's China Profit Drops 40% But Taco Bell Lifts U.S. |
| April 23, 2013 | April 2013 Bond Updates |
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Yum! Brands closed off a difficult first quarter marked by a probe into the quality of its chicken by Chinese regulators and the avian flu scare, which conspired to push profits there down 40%. Despite missing revenue estimates, the company reaffirmed its guidance, revealing a decent performance in the U.S. and in its international unit (which excludes China); the stock soared in post-market trading. |
| View more at: http://www.forbes.com/sites/afontevecchia/2013/04/23/yums-china-profit-drops-40-but-taco-bell-lifts-u-s/ |