Yum Brands Blames South China Sea Dispute For Weak Sales In China |
| October 06, 2016 | October 2016 Bond Updates |
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Investors who were looking forward to Yum Brands' October 31 spinoff of its China division were just thrown a splash of cold water -- one that came in the form of the company's third quarter earnings report. Though the company reported worldwide same store sales growth, its soon-to-be spun off China division proved to be enough of a drag on operations that Yum executives blamed its performance on an ongoing dispute over the South China Sea. |
| View more at: http://www.forbes.com/sites/maggiemcgrath/2016/10/05/yum-brands-blames-south-china-sea-dispute-for-weak-sales-in-china/ |
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